Settings8H · net · $10k
Funding arb · Price arb /

QQQ

RWAall QQQ markets
SwapBacktest
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 0.000%
Price spread now: SunX against Gate+0.158%53s7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$830.833% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.011%+$1 on $10k
Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.158%, 7d avg +0.085%
Together, before fees−0.062%−$6 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: SunX is 0.072% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.085%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate QQQ_USDT741.920get 0.0000% / 8h2h 45m$3.3M$21.3M50x
ShortSunX QQQ-USDT743.090get 0.0000% / 8h2h 45m$2K$1.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
$0
Price spread: +0.158% → +0.085%
$7.25
Slippage, 4 orders
−$60.33
Fee Gate: 7.5 bp × 2 orders
−$15
Fee SunX: 4 bp × 2 orders
−$8
Net
−$76.08
Costs to cover
0.833%
Break-even
never at this rate
Slippage from Gate: live order book, 3 min ago; SunX: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 3 min ago1.01 bp11.1 bp −$1116.9 bp −$169doesn't fitdoesn't fit
Sell SunX live order book, 10 min ago21.60 bp38.0 bp −$38doesn't fitdoesn't fitdoesn't fit

QQQ on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX QQQ/USD [ETH-USDC]L −0.0144% / S +0.0240%1h742.57+0.087%$25K26xas long as short
Aster QQQUSDT0.0000%8h742.55+0.084%$824K$857K20xas long as short
Binance QQQUSDT0.0000%8h742.61+0.093%$69.9M$142.9M25xas long as short
Bybit QQQUSDT0.0000%8h742.67+0.101%$10.7M$5.1M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h742.35+0.058%$21.6M$27.8M50xas long as short
RISEx QQQ/USDC0.0000%1h742.61+0.093%$5.4M$7.1M25xas long as short
Gate QQQ_USDTlong0.0000%8h741.92long leg$3.3M$21.3M50x
Bitget QQQUSDT0.0000%8h742.69+0.104%$16.6M$5.7M20xas long as short
Variational Omni QQQ0.0000%8h742.44+0.069%$17.0M$7.2Mas long as short
SunX QQQ-USDTshort0.0000%8h743.09+0.158%$2K$1.9M10x
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International QQQ-PERP-INTX0.0000%1h742.10+0.024%$1.2M$538K20xas long as short
HTX QQQ-USDT0.0000%8h742.85+0.125%$252K$38K30xas long as short
Phemex QQQUSDT0.0000%8h742.86+0.127%$359K$1.6M10xas long as short
BloFin QQQ-USDT+0.0001%8h742.26+0.046%$1.1M$246K20xas long as short
Ondo Perps QQQ-USD.P+0.0006%1h741.73−0.026%$4.2M$1.8M20xas long as short
Lighter QQQ+0.0032%1h742.47+0.074%$7.7M$15.5M30xas long as short
Lighter RH QQQ+0.0032%1h742.82+0.121%$36.9M$78.4M50xas long as short
Arcus QQQ-USD+0.0040%1h741.72−0.027%$702K$1.6M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h743.54+0.218%$337K50xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0073%1h742.37+0.061%$424K$151K20xas long as short
GRVT QQQ_USDT_Perp+0.0078%8h742.73+0.109%$319K$1.9M10xas long as short
KuCoin QQQUSDTM+0.0100%8h742.22+0.040%$3.4M$350K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h742.16+0.032%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h742.28+0.049%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h741.76−0.022%$92K$1K10xas long as short
Nado QQQ-PERP+0.0121%1h742.21+0.039%$1.5M$761K20xas long as short
Phoenix QQQ+0.0129%1h742.06+0.019%$38K$66K20xas long as short
edgeX QQQUSDC+0.0297%4h742.49+0.076%$759K$336K20xas long as short