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+0.0029%/8h= +3.2% APRnext payment +$0.29 per $10,000 · paid last 24h +0.006%
Price spread now: Binance against Variational Omni+0.047%7-day average +0.013% · you sell dearer than you buy
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 3 days (all we have)−0.100%−$10 on $10k
Price spread, last 2 days (all we have)−0.012%−$1 · spread now +0.047%, 7d avg +0.013%
Together, before fees−0.112%+ Points / potential airdropVariational Omni: Active · farm board−$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.035% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.013%. Mind the row above: over the last 3 days funding on this pair cost −0.100%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni QQQ743.940.0039pay 0.0039% / 8h7h 49m$17.1M$10.8M
ShortBinance QQQUSDT744.290.0068get 0.0068% / 8h7h 49m$71.0M$155.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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
$6.14
Price spread: +0.047% → +0.013%
$3.48
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Binance: 5 bp × 2 orders
−$10
Net
−$0.38
Costs to cover
0.100%
Break-even
7.4 days
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Binance: live order book, 8 min ago. 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 Variational Omni RFQ quote, 4 min ago1.90 bpdoesn't fit2.0 bp −$209.8 bp −$976doesn't fit
Sell Binance live order book, 8 min ago0.07 bp5.1 bp −$55.1 bp −$519.1 bp −$91027.9 bp −$14.0K

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−0.0367%1h742.38−0.210%$4.2M$2.0M20xas long as short
GMX QQQ/USD [ETH-USDC]L −0.0082% / S +0.0190%1h744.16+0.030%$25K26xas long as short
BloFin QQQ-USDT−0.0029%8h743.81−0.017%$1.0M$318K20xas long as short
Aster QQQUSDT0.0000%8h743.68−0.035%$841K$758K20xas long as short
OKX QQQ-USDT-SWAP0.0000%8h744.17+0.031%$21.5M$25.4M50xas long as short
Gate QQQ_USDT0.0000%8h743.84−0.013%$3.2M$26.5M50xas long as short
SunX QQQ-USDT0.0000%8h744.60+0.089%$2K$2.3M10xas long as short
HTX QQQ-USDT0.0000%8h743.15−0.106%$257K$28K30xas long as short
Phemex QQQUSDT0.0000%8h744.24+0.040%$360K$1.4M10xas long as short
Bybit QQQUSDT+0.0022%8h744.38+0.059%$10.7M$4.9M50xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter QQQ+0.0032%1h743.95+0.001%$7.6M$18.1M30xas long as short
Lighter RH QQQ+0.0032%1h744.31+0.050%$37.4M$78.7M50xas long as short
Variational Omni QQQlong+0.0039%8h743.94long leg$17.1M$10.8M
Arcus QQQ-USD+0.0040%1h743.15−0.106%$746K$1.5M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h744.61+0.090%$388K50xas long as short
Coinbase International QQQ-PERP-INTX+0.0064%1h743.52−0.056%$1.2M$626K20xas long as short
Binance QQQUSDTshort+0.0068%8h744.29+0.047%$71.0M$155.0M25x
KuCoin QQQUSDTM+0.0100%8h743.83−0.015%$3.4M$413K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h743.50−0.059%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h743.84−0.013%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h743.36−0.079%$93K$1K10xas long as short
Nado QQQ-PERP+0.0109%1h743.66−0.038%$1.5M$1.2M20xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0140%1h743.93−0.001%$425K$147K20xas long as short
GRVT QQQ_USDT_Perp+0.0165%8h744.03+0.013%$327K$1.8M10xas long as short
Bitget QQQUSDT+0.0173%8h744.27+0.044%$16.9M$6.6M20xas long as short
RISEx QQQ/USDC+0.0208%1h744.10+0.022%$5.5M$9.0M25xas long as short
Phoenix QQQ+0.0258%1h743.65−0.039%$38K$66K20xas long as short
edgeX QQQUSDC+0.0496%4h743.85−0.012%$761K$336K20xas long as short