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

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against SunX−0.020%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1221.217% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.020%, 7d avg −0.016%
Together, before fees+0.020%+$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX QQQ-USDT743.270get 0.0000% / 8h5h 27m$2K$1.5M10x
ShortPhemex QQQUSDT743.120get 0.0000% / 8h5h 27m$358K$1.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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
$0
Price spread: −0.020% → −0.016%
−$0.45
Slippage, 4 orders
−$101.67
Fee SunX: 4 bp × 2 orders
−$8
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$122.12
Costs to cover
1.217%
Break-even
never at this rate
Slippage from SunX: live order book, 12 min ago; Phemex: live order book, 4 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 SunX live order book, 12 min ago21.59 bp25.6 bp −$2654.7 bp −$547doesn't fitdoesn't fit
Sell Phemex live order book, 4 min ago2.76 bp27.8 bp −$28doesn't fitdoesn't fitdoesn't fit

QQQ on 28 exchanges

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 −0.0203% / S +0.0285%1h742.82−0.061%$25K26xas long as short
Ondo Perps QQQ-USD.P−0.0146%1h741.45−0.245%$4.2M$1.8M20xas long as short
Aster QQQUSDT0.0000%8h742.79−0.064%$856K$903K20xas long as short
OKX QQQ-USDT-SWAP0.0000%8h742.54−0.098%$21.7M$30.3M50xas long as short
RISEx QQQ/USDC0.0000%1h742.58−0.093%$5.4M$5.7M25xas long as short
Gate QQQ_USDT0.0000%8h742.23−0.140%$3.5M$19.9M50xas long as short
Bitget QQQUSDT0.0000%8h742.99−0.038%$17.0M$5.9M20xas long as short
SunX QQQ-USDTlong0.0000%8h743.27long leg$2K$1.5M10x
HTX QQQ-USDT0.0000%8h743.20−0.009%$247K$45K30xas long as short
Phemex QQQUSDTshort0.0000%8h743.12−0.020%$358K$1.6M10x
Show all 28 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin QQQ-USDT+0.0028%8h742.63−0.086%$1.1M$238K20xas long as short
Lighter QQQ+0.0032%1h742.25−0.137%$7.3M$16.3M30xas long as short
Lighter RH QQQ+0.0032%1h742.83−0.059%$38.8M$77.8M50xas long as short
Coinbase International QQQ-PERP-INTX+0.0032%1h742.10−0.157%$1.2M$540K20xas long as short
Arcus QQQ-USD+0.0040%1h741.63−0.221%$658K$1.4M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h743.56+0.039%$337K50xas long as short
Variational Omni QQQ+0.0055%8h742.56−0.095%$16.8M$6.9Mas long as short
Bybit QQQUSDT+0.0073%8h742.70−0.077%$10.6M$4.9M50xas long as short
Binance QQQUSDT+0.0078%8h742.83−0.059%$72.2M$146.6M25xas long as short
KuCoin QQQUSDTM+0.0100%8h742.33−0.126%$3.4M$485K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h742.21−0.143%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h742.48−0.106%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h742.00−0.171%$92K$1K10xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0127%1h742.40−0.117%$398K$108K20xas long as short
Nado QQQ-PERP+0.0144%1h742.28−0.133%$1.6M$772K20xas long as short
GRVT QQQ_USDT_Perp+0.0233%8h742.84−0.057%$323K$2.1M10xas long as short
Phoenix QQQ+0.0302%1h742.17−0.148%$38K$59K20xas long as short
edgeX QQQUSDC+0.0617%4h742.71−0.076%$759K$334K20xas long as short