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+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: Orderly against SunX−0.095%7-day average · you buy dearer than you sell
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
Funding pays, the price is against you. Orderly is 0.095% cheaper against SunX than usual: you would sell low and buy high (spread −0.095% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 3.2 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX QQQ-USDT744.080get 0.0000% / 8h3h 44m$2K$1.9M10x
ShortOrderly PERP_QQQ_USDC_mythos743.370.0100get 0.0100% / 8h3h 44m$12K$21K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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

Funding earned
$21
Price spread: −0.095% → 0.000%
−$9.54
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$2.54
Costs to cover
0.140%
Break-even
7.8 days
Slippage unknown: SunX: live order book, 12 min ago; Orderly: no order-book sample. 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 SunX live order book, 12 min ago21.63 bp25.6 bp −$26doesn't fitdoesn't fitdoesn't fit
Sell Orderly no order-book sample
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
GMX QQQ/USD [ETH-USDC]L −0.0132% / S +0.0230%1h743.63−0.061%$25K26xas long as short
Ondo Perps QQQ-USD.P−0.0032%1h742.52−0.210%$4.2M$1.8M20xas long as short
BloFin QQQ-USDT−0.0029%8h743.43−0.087%$1.1M$256K20xas long as short
Aster QQQUSDT0.0000%8h743.70−0.051%$840K$714K20xas long as short
Bybit QQQUSDT0.0000%8h743.63−0.060%$10.7M$5.0M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h743.43−0.087%$21.4M$26.9M50xas long as short
Gate QQQ_USDT0.0000%8h743.10−0.132%$3.3M$20.8M50xas long as short
Bitget QQQUSDT0.0000%8h743.72−0.048%$16.9M$5.5M20xas long as short
Variational Omni QQQ0.0000%8h743.66−0.056%$17.1M$7.4Mas long as short
SunX QQQ-USDTlong0.0000%8h744.08long leg$2K$1.9M10x
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International QQQ-PERP-INTX0.0000%1h742.64−0.194%$1.2M$536K20xas long as short
HTX QQQ-USDT0.0000%8h743.82−0.035%$257K$29K30xas long as short
Phemex QQQUSDT0.0000%8h743.74−0.046%$361K$1.6M10xas long as short
Binance QQQUSDT+0.0009%8h743.64−0.060%$70.9M$141.2M25xas long as short
RISEx QQQ/USDC+0.0010%1h743.70−0.051%$5.4M$7.3M25xas long as short
Lighter QQQ+0.0032%1h743.52−0.075%$7.7M$15.8M30xas long as short
Lighter RH QQQ+0.0040%1h743.93−0.020%$37.0M$78.4M50xas long as short
Arcus QQQ-USD+0.0040%1h742.92−0.156%$703K$1.6M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h744.63+0.074%$337K50xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0059%1h743.43−0.087%$425K$150K20xas long as short
GRVT QQQ_USDT_Perp+0.0079%8h743.34−0.099%$326K$1.9M10xas long as short
Nado QQQ-PERP+0.0092%1h743.34−0.100%$1.5M$779K20xas long as short
KuCoin QQQUSDTM+0.0100%8h743.33−0.101%$3.4M$342K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h743.43−0.087%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythosshort+0.0100%8h743.37−0.095%$12K$21K20x
Aevo QQQ-PERP+0.0104%1h742.83−0.169%$92K$1K10xas long as short
Phoenix QQQ+0.0118%1h743.26−0.110%$38K$66K20xas long as short
edgeX QQQUSDC+0.0750%4h743.65−0.058%$760K$336K20xas long as short