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

TQQQ

RWAall TQQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0083%/8h= +9.0% APRnext payment +$0.83 per $10,000 · paid last 24h +0.042%
Price spread now: Bybit against Aster+0.262%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$317as in the Funding arb table
Net, price: spread back to 7d avg − costs−$302as in the Price arb table
costs, in and out, $10k−$3213.210% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.042%+$4 on $10k
Price spread, last 4 days (all we have)−0.211%−$21 · spread now +0.262%, 7d avg +0.070%
Together, before fees−0.169%+ Points / potential airdropAster: Stage 5 · farm board−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.192% dearer against Aster than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.070%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster TQQQUSDT78.614−0.0083get 0.0083% / 8h3h 30m$69K$145K20x
ShortBybit TQQQUSDT78.8200get 0.0000% / 8h3h 30m$3.0M$6.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Aster. 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
$17.34
Price spread: +0.262% → +0.070%
$19.18
Slippage, 4 orders
−$301.97
Fee Aster: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$284.45
Costs to cover
3.210%
Break-even
121.9 days
Slippage from Aster: live order book, 16 min ago; Bybit: live order book, 3 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 Aster live order book, 16 min ago31.81 bp73.8 bp −$74doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago1.27 bp7.7 bp −$834.1 bp −$341doesn't fitdoesn't fit

TQQQ on 11 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
BloFin TQQQ-USDT−0.0332%8h78.780+0.211%$160K$30K20xas long as short
Binance TQQQUSDT−0.0320%8h78.790+0.224%$18.0M$49.0M20xas long as short
MEXC TQQQ_USDT−0.0318%8h78.830+0.275%$1.6M$262K20xas long as short
GRVT TQQQ_USDT_Perp−0.0210%8h78.770+0.199%$2K$121K10xas long as short
KuCoin TQQQUSDTM−0.0148%8h78.750+0.173%$179K$948K10xas long as short
Aster TQQQUSDTlong−0.0083%8h78.614long leg$69K$145K20x
Bybit TQQQUSDTshort0.0000%8h78.820+0.262%$3.0M$6.3M25x
OKX TQQQ-USDT-SWAP0.0000%8h78.800+0.237%$2.4M$5.2M10xas long as short
Bitget TQQQUSDT0.0000%8h78.810+0.249%$7.9M$3.1M20xas long as short
HTX TQQQ-USDT0.0000%8h78.720+0.135%$13K$5K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_TQQQ_USDC_mythos+0.0100%8h78.760+0.186%$510xas long as short