Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.049%

Price spread now: RISEx against Gate+0.065%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$290.293% of the position

Long on Gate Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.220%+$22 on $10k

Price spread, last 7 days−0.124%−$12 · spread now +0.065%, 7d avg +0.026%

Together, before fees+0.096%+$10 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: RISEx is 0.039% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate QQQ_USDT	739.62	0	get 0.0000% / 8h	7h 35m	$3.4M	$20.6M	50x
Short	RISEx QQQ/USDC	740.10	0	get 0.0000% / 1h	35m 16s	$5.4M	$5.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → +0.026%: $3.88
Slippage, 4 orders: −$8.31
Fee Gate: 7.5 bp × 2 orders: −$15
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$25.43
Costs to cover: 0.293%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; RISEx: 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, 3 min ago	0.14 bp	11.4 bp −$11	15.9 bp −$159	doesn't fit	doesn't fit
Sell RISEx live order book, 4 min ago	0.20 bp	3.7 bp −$4	4.1 bp −$41	doesn't fit	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 −0.0184% / S +0.0270%	1h	740.32	+0.094%	$25K	—	26x	as long as short
Aster QQQUSDT	0.0000%	8h	740.31	+0.093%	$822K	$865K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	740.05	+0.058%	$21.6M	$28.2M	50x	as long as short
RISEx QQQ/USDCshort	0.0000%	1h	740.10	+0.065%	$5.4M	$5.7M	25x
Gate QQQ_USDTlong	0.0000%	8h	739.62	long leg	$3.4M	$20.6M	50x
Bitget QQQUSDT	0.0000%	8h	740.23	+0.082%	$16.5M	$5.1M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	740.73	+0.150%	$1K	$1.7M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	740.70	+0.146%	$250K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	740.52	+0.122%	$364K	$1.6M	10x	as long as short
Variational Omni QQQ	+0.0002%	8h	740.22	+0.082%	$16.7M	$7.2M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX QQQUSDC	+0.0010%	4h	740.44	+0.111%	$757K	$335K	20x	as long as short
Bybit QQQUSDT	+0.0018%	8h	740.26	+0.087%	$10.6M	$5.0M	50x	as long as short
BloFin QQQ-USDT	+0.0022%	8h	740.23	+0.082%	$1.1M	$274K	20x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0024%	1h	739.68	+0.008%	$1.2M	$493K	20x	as long as short
Binance QQQUSDT	+0.0031%	8h	740.31	+0.093%	$70.0M	$139.7M	25x	as long as short
Lighter QQQ	+0.0032%	1h	739.98	+0.049%	$7.6M	$15.3M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	740.38	+0.103%	$37.5M	$79.6M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	739.48	−0.019%	$646K	$1.7M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	741.26	+0.222%	—	$337K	50x	as long as short
Ondo Perps QQQ-USD.P	+0.0050%	1h	739.24	−0.051%	$4.2M	$1.8M	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	739.95	+0.045%	$3.4M	$381K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	739.84	+0.030%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	740.06	+0.059%	$12K	$21K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0101%	1h	740.05	+0.058%	$423K	$158K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	739.50	−0.017%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0150%	1h	739.82	+0.027%	$1.6M	$742K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0184%	8h	740.55	+0.126%	$326K	$2.0M	10x	as long as short
Phoenix QQQ	+0.0248%	1h	739.82	+0.027%	$38K	$65K	20x	as long as short