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

QQQ

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0680%/8h= +74.4% APRpaid last 24h −0.023%
Price spread now: edgeX against RISEx−0.021%55s7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$240.241% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.489%−$49 on $10k
Price spread, last 4 days (all we have)−0.019%−$2 · spread now −0.021%, 7d avg −0.046%
Together, before fees−0.508%+ Points / potential airdropedgeX: Active · farm board−$51 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and edgeX is 0.025% dearer against RISEx than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.046%. Mind the row above: over the last 4 days funding on this pair cost −0.489%, so the current rate has only just turned in your favour. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx QQQ/USDC744.520get 0.0000% / 1h34m 09s$5.4M$7.5M25x
ShortedgeX QQQUSDC744.360.0680get 0.0340% / 4h34m 09s$761K$334K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against RISEx. 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
$142.77
Price spread: −0.021% → −0.046%
$2.45
Slippage, 4 orders
−$9.09
Fee RISEx: 3 bp × 2 orders
−$6
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$121.14
Costs to cover
0.241%
Break-even
1.1 days
Slippage from RISEx: live order book, 5 min ago; edgeX: live order book, 25 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 RISEx live order book, 5 min ago0.34 bp3.3 bp −$34.2 bp −$42doesn't fitdoesn't fit
Sell edgeX live order book, 25 min ago4.16 bp8.7 bp −$99.8 bp −$98doesn'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−0.0145%1h743.21−0.176%$4.2M$1.8M20xas long as short
GMX QQQ/USD [ETH-USDC]L −0.0122% / S +0.0222%1h744.47−0.007%$25K26xas long as short
Aster QQQUSDT0.0000%8h744.44−0.010%$841K$714K20xas long as short
Bybit QQQUSDT0.0000%8h744.30−0.029%$10.7M$5.0M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h744.29−0.031%$21.5M$26.9M50xas long as short
RISEx QQQ/USDClong0.0000%1h744.52long leg$5.4M$7.5M25x
Gate QQQ_USDT0.0000%8h743.83−0.092%$3.3M$20.8M50xas long as short
Bitget QQQUSDT0.0000%8h744.61+0.012%$16.9M$5.7M20xas long as short
SunX QQQ-USDT0.0000%8h744.91+0.053%$2K$1.9M10xas long as short
HTX QQQ-USDT0.0000%8h744.81+0.039%$257K$29K30xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex QQQUSDT0.0000%8h744.64+0.016%$362K$1.5M10xas long as short
Variational Omni QQQ+0.0002%8h744.38−0.018%$17.1M$7.5Mas long as short
Coinbase International QQQ-PERP-INTX+0.0008%1h743.96−0.075%$1.2M$536K20xas long as short
BloFin QQQ-USDT+0.0026%8h744.30−0.029%$1.1M$271K20xas long as short
Lighter QQQ+0.0032%1h744.26−0.035%$7.7M$16.3M30xas long as short
Binance QQQUSDT+0.0040%8h744.46−0.008%$71.1M$141.8M25xas long as short
Arcus QQQ-USD+0.0040%1h743.76−0.102%$700K$1.6M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h745.45+0.125%$337K50xas long as short
Lighter RH QQQ+0.0048%1h744.72+0.027%$36.9M$78.9M50xas long as short
Nado QQQ-PERP+0.0096%1h744.09−0.057%$1.5M$876K20xas long as short
KuCoin QQQUSDTM+0.0100%8h744.11−0.055%$3.4M$388K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h744.11−0.055%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h744.17−0.047%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h743.63−0.119%$93K$1K10xas long as short
GRVT QQQ_USDT_Perp+0.0110%8h744.62+0.014%$319K$1.9M10xas long as short
Phoenix QQQ+0.0129%1h744.01−0.068%$38K$66K20xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0315%1h744.40−0.016%$425K$149K20xas long as short
edgeX QQQUSDCshort+0.0680%4h744.36−0.021%$761K$334K20x