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 −0.003%
Price spread now: SunX against OKX+0.086%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$740.739% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.036%−$4 on $10k
Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.086%, 7d avg +0.056%
Together, before fees−0.040%−$4 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 0.030% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.056%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX QQQ-USDT-SWAP744.090get 0.0000% / 8h4h 10m$21.5M$26.9M50x
ShortSunX QQQ-USDT744.730get 0.0000% / 8h4h 10m$2K$1.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against OKX. 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: +0.086% → +0.056%
$2.99
Slippage, 4 orders
−$55.94
Fee OKX: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$70.95
Costs to cover
0.739%
Break-even
never at this rate
Slippage from OKX: live order book, 4 min ago; SunX: live order book, 6 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 OKX live order book, 4 min ago0.07 bp5.1 bp −$55.6 bp −$5612.7 bp −$1,266doesn't fit
Sell SunX live order book, 6 min ago21.62 bp38.1 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
Ondo Perps QQQ-USD.P−0.0134%1h743.24−0.114%$4.2M$1.8M20xas long as short
GMX QQQ/USD [ETH-USDC]L −0.0127% / S +0.0226%1h744.34+0.033%$25K26xas long as short
BloFin QQQ-USDT0.0000%8h744.14+0.007%$1.1M$261K20xas long as short
Aster QQQUSDT0.0000%8h744.31+0.029%$841K$714K20xas long as short
Bybit QQQUSDT0.0000%8h744.29+0.027%$10.7M$5.0M50xas long as short
OKX QQQ-USDT-SWAPlong0.0000%8h744.09long leg$21.5M$26.9M50x
RISEx QQQ/USDC0.0000%1h744.37+0.038%$5.4M$7.4M25xas long as short
Gate QQQ_USDT0.0000%8h743.74−0.047%$3.3M$20.8M50xas long as short
Bitget QQQUSDT0.0000%8h744.45+0.048%$16.9M$5.7M20xas long as short
Variational Omni QQQ0.0000%8h744.11+0.002%$17.1M$7.4Mas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX QQQ-USDTshort0.0000%8h744.73+0.086%$2K$1.9M10x
HTX QQQ-USDT0.0000%8h744.65+0.075%$257K$29K30xas long as short
Phemex QQQUSDT0.0000%8h744.73+0.086%$361K$1.5M10xas long as short
Coinbase International QQQ-PERP-INTX+0.0008%1h743.80−0.039%$1.2M$536K20xas long as short
Binance QQQUSDT+0.0024%8h744.31+0.030%$71.0M$141.5M25xas long as short
Lighter QQQ+0.0032%1h744.15+0.008%$7.7M$16.4M30xas long as short
Arcus QQQ-USD+0.0040%1h743.60−0.066%$698K$1.6M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h745.25+0.156%$337K50xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0046%1h744.03−0.008%$425K$150K20xas long as short
Lighter RH QQQ+0.0048%1h744.59+0.067%$36.9M$79.8M50xas long as short
GRVT QQQ_USDT_Perp+0.0092%8h744.39+0.040%$324K$1.9M10xas long as short
Nado QQQ-PERP+0.0095%1h743.92−0.023%$1.5M$834K20xas long as short
KuCoin QQQUSDTM+0.0100%8h743.93−0.022%$3.4M$363K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h743.90−0.026%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h744.03−0.008%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h743.48−0.081%$93K$1K10xas long as short
Phoenix QQQ+0.0129%1h743.93−0.022%$38K$66K20xas long as short
edgeX QQQUSDC+0.0627%4h744.18+0.013%$761K$336K20xas long as short