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−0.0074%/8h= −8.2% APRnext payment $0.74 per $10,000 · paid last 24h −0.003%
Price spread now: BloFin against Orderly+0.067%832s7-day average · 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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. BloFin is 0.067% dearer against Orderly than usual: you sell high and buy low (spread +0.067% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.0 days. The two prices were read 832 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_QQQ_USDC_mythos743.810.0100pay 0.0100% / 8h6h 34m$12K$21K20x
ShortBloFin QQQ-USDT744.310.0026get 0.0026% / 8h6h 34m$1.1M$319K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Orderly. 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
−$15.63
Price spread: +0.067% → 0.000%
$6.72
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$26.91
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 17 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 Orderly no order-book sample
Sell BloFin live order book, 17 min ago0.07 bp6.1 bp −$67.3 bp −$7311.6 bp −$1,156doesn't fit
Orderly: 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.P−0.0159%1h742.98−0.112%$4.2M$1.9M20xas long as short
GMX QQQ/USD [ETH-USDC]L −0.0097% / S +0.0202%1h744.10+0.038%$25K26xas long as short
Bybit QQQUSDT0.0000%8h744.04+0.031%$10.7M$5.0M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h743.95+0.019%$21.5M$25.6M50xas long as short
Gate QQQ_USDT0.0000%8h743.68−0.017%$3.3M$21.9M50xas long as short
SunX QQQ-USDT0.0000%8h744.55+0.099%$2K$2.1M10xas long as short
HTX QQQ-USDT0.0000%8h744.08+0.036%$257K$29K30xas long as short
Phemex QQQUSDT0.0000%8h744.32+0.069%$361K$1.4M10xas long as short
Aster QQQUSDT+0.0008%8h744.09+0.038%$841K$712K20xas long as short
BloFin QQQ-USDTshort+0.0026%8h744.31+0.067%$1.1M$319K20x
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter QQQ+0.0032%1h743.87+0.008%$7.8M$17.7M30xas long as short
Lighter RH QQQ+0.0032%1h744.33+0.070%$37.4M$79.8M50xas long as short
Arcus QQQ-USD+0.0040%1h743.15−0.089%$703K$1.6M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h745.06+0.168%$337K50xas long as short
Coinbase International QQQ-PERP-INTX+0.0048%1h743.40−0.055%$1.2M$536K20xas long as short
Variational Omni QQQ+0.0062%8h743.95+0.019%$17.1M$7.6Mas long as short
Bitget QQQUSDT+0.0062%8h744.13+0.043%$16.9M$5.9M20xas long as short
Binance QQQUSDT+0.0085%8h744.09+0.038%$71.1M$147.6M25xas long as short
KuCoin QQQUSDTM+0.0100%8h743.86+0.007%$3.4M$405K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h743.62−0.026%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythoslong+0.0100%8h743.81long leg$12K$21K20x
Aevo QQQ-PERP+0.0104%1h743.27−0.072%$93K$1K10xas long as short
Nado QQQ-PERP+0.0121%1h743.72−0.012%$1.5M$1.0M20xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0140%1h743.91+0.013%$425K$148K20xas long as short
RISEx QQQ/USDC+0.0168%1h744.15+0.045%$5.4M$8.1M25xas long as short
Phoenix QQQ+0.0183%1h743.66−0.020%$38K$66K20xas long as short
GRVT QQQ_USDT_Perp+0.0230%8h744.26+0.061%$318K$1.8M10xas long as short
edgeX QQQUSDC+0.0751%4h743.92+0.015%$761K$334K20xas long as short