Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: OKX against Gate+0.067%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 7 days−0.118%−$12 · spread now +0.067%, 7d avg +0.014%

Together, before fees−0.071%−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.054% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate QQQ_USDT	742.47	0	get 0.0000% / 8h	3h 14m	$3.3M	$21.2M	50x
Short	OKX QQQ-USDT-SWAP	742.97	0	get 0.0000% / 8h	3h 14m	$21.5M	$27.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee OKXbpOrdersPrice spread, now +0.067%Rate

Funding earned: $0
Price spread: +0.067% → +0.014%: $5.37
Slippage, 4 orders: −$5.39
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$25.02
Costs to cover: 0.304%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; OKX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 4 min ago	1.55 bp	11.0 bp −$11	16.3 bp −$163	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.07 bp	5.1 bp −$5	6.4 bp −$64	12.5 bp −$1,249	doesn't fit

QQQ on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX QQQ/USD [ETH-USDC]	L −0.0139% / S +0.0235%	1h	743.18	+0.096%	$25K	—	26x	as long as short
BloFin QQQ-USDT	−0.0026%	8h	743.10	+0.085%	$1.1M	$246K	20x	as long as short
Ondo Perps QQQ-USD.P	−0.0018%	1h	741.97	−0.067%	$4.2M	$1.8M	20x	as long as short
Aster QQQUSDT	0.0000%	8h	742.84	+0.050%	$824K	$857K	20x	as long as short
Binance QQQUSDT	0.0000%	8h	743.14	+0.091%	$70.2M	$142.9M	25x	as long as short
Bybit QQQUSDT	0.0000%	8h	743.07	+0.081%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAPshort	0.0000%	8h	742.97	+0.067%	$21.5M	$27.3M	50x
Gate QQQ_USDTlong	0.0000%	8h	742.47	long leg	$3.3M	$21.2M	50x
Bitget QQQUSDT	0.0000%	8h	743.29	+0.110%	$16.9M	$5.5M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	743.13	+0.090%	$17.1M	$7.3M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX QQQ-USDT	0.0000%	8h	743.72	+0.168%	$2K	$1.9M	10x	as long as short
Coinbase International QQQ-PERP-INTX	0.0000%	1h	742.78	+0.042%	$1.2M	$537K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	743.43	+0.129%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	743.48	+0.136%	$361K	$1.6M	10x	as long as short
RISEx QQQ/USDC	+0.0010%	1h	743.19	+0.096%	$5.4M	$7.3M	25x	as long as short
Lighter QQQ	+0.0032%	1h	742.93	+0.062%	$7.7M	$15.8M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	743.31	+0.113%	$37.0M	$79.4M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	742.31	−0.022%	$705K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	744.05	+0.213%	—	$337K	50x	as long as short
GRVT QQQ_USDT_Perp	+0.0067%	8h	743.40	+0.125%	$321K	$1.9M	10x	as long as short
Nado QQQ-PERP	+0.0086%	1h	742.77	+0.041%	$1.5M	$760K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.82	+0.047%	$3.4M	$342K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.84	+0.050%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	742.88	+0.055%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	742.29	−0.024%	$92K	$1K	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0114%	1h	742.93	+0.062%	$424K	$151K	20x	as long as short
Phoenix QQQ	+0.0118%	1h	742.48	+0.001%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0856%	4h	743.06	+0.080%	$760K	$336K	20x	as long as short