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

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0112%/8h= +12.3% APRpaid last 24h +0.034%
Price spread now: OKX against Ondo Perps+0.113%7-day average +0.203% · 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+0.269%+$27 on $10k
Price spread, last 7 days+0.127%+$13 · spread now +0.113%, 7d avg +0.203%
Together, before fees+0.397%+ Points / potential airdropOndo Perps: Active · farm board+$40 on $10k · with fees, hour by hour
Funding pays, the price is against you. OKX is 0.089% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.113% now, against its 7-day average of +0.203%). If the spread goes back, that is −$9 on $10k: about 2.7 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps QQQ-USD.P740.83−0.0112get 0.0014% / 1h3m 58s$4.2M$1.8M20x
ShortOKX QQQ-USDT-SWAP741.670get 0.0000% / 8h3m 58s$21.5M$28.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$23.52
Price spread: +0.113% → +0.203%
−$8.93
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee OKX: 5 bp × 2 orders
−$10
Net
−$0.41
Costs to cover
0.150%
Break-even
7.1 days
Slippage unknown: Ondo Perps: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago0.07 bp5.1 bp −$55.9 bp −$5912.5 bp −$1,250doesn'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
GMX QQQ/USD [ETH-USDC]L −0.0178% / S +0.0266%1h741.92+0.148%$25K26xas long as short
Ondo Perps QQQ-USD.Plong−0.0112%1h740.83long leg$4.2M$1.8M20x
Gate QQQ_USDT−0.0095%8h741.29+0.062%$3.3M$21.7M50xas long as short
BloFin QQQ-USDT−0.0003%8h741.56+0.099%$1.1M$275K20xas long as short
Aster QQQUSDT0.0000%8h741.83+0.135%$824K$864K20xas long as short
Bybit QQQUSDT0.0000%8h741.85+0.138%$10.7M$5.0M50xas long as short
OKX QQQ-USDT-SWAPshort0.0000%8h741.67+0.113%$21.5M$28.4M50x
RISEx QQQ/USDC0.0000%1h741.62+0.106%$5.4M$5.9M25xas long as short
Bitget QQQUSDT0.0000%8h741.94+0.150%$16.5M$5.3M20xas long as short
Variational Omni QQQ0.0000%8h741.74+0.123%$16.8M$7.2Mas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX QQQ-USDT0.0000%8h742.23+0.189%$2K$1.7M10xas long as short
HTX QQQ-USDT0.0000%8h742.03+0.162%$251K$41K30xas long as short
Phemex QQQUSDT0.0000%8h742.22+0.188%$359K$1.6M10xas long as short
Coinbase International QQQ-PERP-INTX+0.0016%1h741.19+0.049%$1.2M$487K20xas long as short
Binance QQQUSDT+0.0026%8h741.91+0.145%$70.3M$140.5M25xas long as short
Lighter QQQ+0.0032%1h741.70+0.117%$7.7M$15.4M30xas long as short
Lighter RH QQQ+0.0032%1h742.04+0.163%$37.4M$81.7M50xas long as short
Arcus QQQ-USD+0.0040%1h740.90+0.009%$647K$1.7M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h742.81+0.267%$337K50xas long as short
KuCoin QQQUSDTM+0.0100%8h741.41+0.078%$3.4M$357K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h741.25+0.057%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h741.59+0.103%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h741.09+0.035%$92K$1K10xas long as short
Nado QQQ-PERP+0.0139%1h741.38+0.074%$1.6M$746K20xas long as short
GRVT QQQ_USDT_Perp+0.0145%8h741.92+0.147%$314K$2.0M10xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0182%1h741.72+0.120%$424K$156K20xas long as short
Phoenix QQQ+0.0227%1h741.45+0.084%$38K$65K20xas long as short
edgeX QQQUSDC+0.0684%4h741.62+0.107%$758K$336K20xas long as short