Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against SunX−0.105%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$860.855% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 3 days (all we have)+0.020%+$2 · spread now −0.105%, 7d avg −0.082%

Together, before fees+0.009%+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.023% cheaper against SunX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX QQQ-USDT	743.86	0	get 0.0000% / 8h	43m 43s	$2K	$2.3M	10x
Short	Gate QQQ_USDT	743.08	0	get 0.0000% / 8h	43m 43s	$3.1M	$32.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SunX. 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

Position, each leg$Hold fordaysFee SunXbpFee GatebpOrdersPrice spread, now −0.105%Rate

Funding earned: $0
Price spread: −0.105% → −0.082%: −$2.27
Slippage, 4 orders: −$62.54
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$87.8
Costs to cover: 0.855%
Break-even: never at this rate

Slippage from SunX: live order book, 3 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 3 min ago	21.64 bp	25.6 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	0.07 bp	10.9 bp −$11	13.9 bp −$139	doesn't fit	doesn't fit

QQQ on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX QQQ/USD [ETH-USDC]	L −0.0070% / S +0.0182%	1h	743.42	−0.058%	$25K	—	26x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	743.24	−0.083%	$21.5M	$27.7M	50x	as long as short
Gate QQQ_USDTshort	0.0000%	8h	743.08	−0.105%	$3.1M	$32.8M	50x
SunX QQQ-USDTlong	0.0000%	8h	743.86	long leg	$2K	$2.3M	10x
HTX QQQ-USDT	0.0000%	8h	743.12	−0.099%	$257K	$26K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	743.98	+0.016%	$358K	$1.4M	10x	as long as short
Aster QQQUSDT	+0.0001%	8h	743.25	−0.082%	$841K	$780K	20x	as long as short
BloFin QQQ-USDT	+0.0020%	8h	743.09	−0.104%	$1.0M	$468K	20x	as long as short
Arcus QQQ-USD	+0.0040%	1h	742.70	−0.156%	$738K	$1.4M	25x	as long as short
edgeX QQQUSDC	+0.0045%	4h	743.18	−0.091%	$760K	$337K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest QQQ-USD-PERP	+0.0046%	1h	743.88	+0.003%	—	$621K	50x	as long as short
Lighter RH QQQ	+0.0048%	1h	743.63	−0.031%	$37.6M	$79.0M	50x	as long as short
Variational Omni QQQ	+0.0049%	8h	743.31	−0.074%	$17.6M	$10.3M	—	as long as short
Ondo Perps QQQ-USD.P	+0.0050%	1h	742.08	−0.239%	$4.2M	$2.1M	20x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0072%	1h	742.80	−0.142%	$1.2M	$866K	20x	as long as short
Binance QQQUSDT	+0.0080%	8h	743.43	−0.058%	$71.0M	$160.6M	25x	as long as short
Lighter QQQ	+0.0088%	1h	743.30	−0.075%	$7.6M	$20.9M	30x	as long as short
Bybit QQQUSDT	+0.0099%	8h	743.52	−0.046%	$10.7M	$5.2M	50x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.96	−0.121%	$3.4M	$424K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.85	−0.136%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	743.16	−0.094%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	742.77	−0.147%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0178%	1h	742.91	−0.127%	$1.5M	$1.3M	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0188%	8h	743.36	−0.067%	$323K	$1.8M	10x	as long as short
RISEx QQQ/USDC	+0.0193%	1h	743.66	−0.026%	$5.4M	$8.9M	25x	as long as short
Phoenix QQQ	+0.0194%	1h	742.87	−0.133%	$38K	$73K	20x	as long as short
Bitget QQQUSDT	+0.0194%	8h	743.44	−0.056%	$16.9M	$7.1M	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0194%	1h	743.18	−0.091%	$425K	$185K	20x	as long as short