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

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0133%/8h= +14.6% APRpaid last 24h +0.066%
Price spread now: BloFin against Ondo Perps+0.122%95s7-day average +0.187% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.104%+$10 on $10k
Price spread, last 4 days (all we have)+0.140%+$14 · spread now +0.122%, 7d avg +0.187%
Together, before fees+0.245%+ Points / potential airdropOndo Perps: Active · farm board+$24 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.065% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.122% now, against its 7-day average of +0.187%). If the spread goes back, that is −$6 on $10k: about 39 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.104% in total) that is about 4.4 days. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps QQQ-USD.P743.24−0.0135get 0.0017% / 1h11m 34s$4.2M$1.8M20x
ShortBloFin QQQ-USDT744.15−0.0002pay 0.0002% / 8h4h 11m$1.1M$261K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Ondo Perps. 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
$27.94
Price spread: +0.122% → +0.187%
−$6.5
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee BloFin: 6 bp × 2 orders
−$12
Net
$4.44
Costs to cover
0.170%
Break-even
5.9 days
Slippage unknown: Ondo Perps: no order-book sample; BloFin: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample
Sell BloFin live order book, 1 min ago0.13 bp6.1 bp −$66.8 bp −$6810.5 bp −$1,055doesn't fit
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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.Plong−0.0135%1h743.24long leg$4.2M$1.8M20x
GMX QQQ/USD [ETH-USDC]L −0.0127% / S +0.0226%1h744.25+0.135%$25K26xas long as short
BloFin QQQ-USDTshort−0.0002%8h744.15+0.122%$1.1M$261K20x
Aster QQQUSDT0.0000%8h744.25+0.135%$841K$714K20xas long as short
Bybit QQQUSDT0.0000%8h744.27+0.139%$10.7M$5.0M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h744.08+0.113%$21.5M$26.9M50xas long as short
RISEx QQQ/USDC0.0000%1h744.35+0.150%$5.4M$7.4M25xas long as short
Gate QQQ_USDT0.0000%8h743.74+0.067%$3.3M$20.8M50xas long as short
Bitget QQQUSDT0.0000%8h744.36+0.151%$16.9M$5.7M20xas long as short
Variational Omni QQQ0.0000%8h744.30+0.143%$17.1M$7.4Mas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX QQQ-USDT0.0000%8h744.70+0.196%$2K$1.9M10xas long as short
HTX QQQ-USDT0.0000%8h744.65+0.190%$257K$29K30xas long as short
Phemex QQQUSDT0.0000%8h744.57+0.179%$363K$1.5M10xas long as short
Coinbase International QQQ-PERP-INTX+0.0008%1h743.80+0.075%$1.2M$536K20xas long as short
Binance QQQUSDT+0.0025%8h744.25+0.136%$71.0M$141.5M25xas long as short
Lighter QQQ+0.0032%1h744.10+0.116%$7.7M$16.4M30xas long as short
Arcus QQQ-USD+0.0040%1h743.62+0.051%$698K$1.6M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h745.20+0.264%$337K50xas long as short
Lighter RH QQQ+0.0048%1h744.51+0.171%$37.0M$79.7M50xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0086%1h744.02+0.105%$425K$150K20xas long as short
GRVT QQQ_USDT_Perp+0.0092%8h744.39+0.155%$324K$1.9M10xas long as short
Nado QQQ-PERP+0.0094%1h743.89+0.088%$1.5M$839K20xas long as short
KuCoin QQQUSDTM+0.0100%8h743.96+0.097%$3.4M$362K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h743.90+0.089%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h743.99+0.101%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h743.43+0.025%$93K$1K10xas long as short
Phoenix QQQ+0.0129%1h743.93+0.093%$38K$66K20xas long as short
edgeX QQQUSDC+0.0627%4h744.18+0.127%$761K$336K20xas long as short