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: Gate against Phemex−0.085%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$850.854% 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)−0.007%−$1 · spread now −0.085%, 7d avg −0.071%
Together, before fees−0.017%−$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex QQQUSDT743.740get 0.0000% / 8h3h 44m$361K$1.6M10x
ShortGate QQQ_USDT743.110get 0.0000% / 8h3h 44m$3.3M$20.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Phemex. 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: −0.085% → −0.071%
−$1.35
Slippage, 4 orders
−$58.36
Fee Phemex: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$86.71
Costs to cover
0.854%
Break-even
never at this rate
Slippage from Phemex: live order book, 4 min ago; Gate: live order book, 5 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 Phemex live order book, 4 min ago1.21 bp32.2 bp −$32doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 5 min ago1.55 bp10.6 bp −$1115.1 bp −$151doesn'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 −0.0132% / S +0.0230%1h743.63−0.015%$25K26xas long as short
Ondo Perps QQQ-USD.P−0.0032%1h742.52−0.164%$4.2M$1.8M20xas long as short
BloFin QQQ-USDT−0.0029%8h743.43−0.042%$1.1M$256K20xas long as short
Aster QQQUSDT0.0000%8h743.69−0.007%$840K$714K20xas long as short
Bybit QQQUSDT0.0000%8h743.62−0.016%$10.7M$5.0M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h743.43−0.042%$21.4M$26.9M50xas long as short
Gate QQQ_USDTshort0.0000%8h743.11−0.085%$3.3M$20.8M50x
Bitget QQQUSDT0.0000%8h743.740.000%$16.9M$5.5M20xas long as short
Variational Omni QQQ0.0000%8h743.66−0.010%$17.1M$7.4Mas long as short
SunX QQQ-USDT0.0000%8h744.08+0.046%$2K$1.9M10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International QQQ-PERP-INTX0.0000%1h742.64−0.148%$1.2M$536K20xas long as short
HTX QQQ-USDT0.0000%8h743.82+0.011%$257K$29K30xas long as short
Phemex QQQUSDTlong0.0000%8h743.74long leg$361K$1.6M10x
Binance QQQUSDT+0.0009%8h743.62−0.016%$70.9M$141.2M25xas long as short
RISEx QQQ/USDC+0.0010%1h743.70−0.005%$5.4M$7.3M25xas long as short
Lighter QQQ+0.0032%1h743.52−0.030%$7.7M$15.8M30xas long as short
Lighter RH QQQ+0.0040%1h743.93+0.026%$37.0M$78.4M50xas long as short
Arcus QQQ-USD+0.0040%1h742.92−0.110%$703K$1.6M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h744.63+0.120%$337K50xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0059%1h743.43−0.042%$425K$150K20xas long as short
GRVT QQQ_USDT_Perp+0.0079%8h743.34−0.054%$326K$1.9M10xas long as short
Nado QQQ-PERP+0.0092%1h743.34−0.054%$1.5M$779K20xas long as short
KuCoin QQQUSDTM+0.0100%8h743.33−0.055%$3.4M$342K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h743.43−0.042%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h743.37−0.050%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h742.83−0.123%$92K$1K10xas long as short
Phoenix QQQ+0.0118%1h743.26−0.065%$38K$66K20xas long as short
edgeX QQQUSDC+0.0750%4h743.65−0.013%$760K$336K20xas long as short