Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.029%

Price spread now: Aster against Aevo+0.040%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.134%−$13 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.040% dearer against Aevo than usual: you sell high and buy low (spread +0.040% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo QQQ-PERP	741.16	0.0104	pay 0.0013% / 1h	3m 40s	$92K	$1K	10x
Short	Aster QQQUSDT	741.46	0	get 0.0000% / 8h	7h 03m	$856K	$903K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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 AevobpFee AsterbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$21.84
Price spread: +0.040% → 0.000%: $3.96
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: −$41.88
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Aster: live order book, 29 min ago. Net counts fees only.

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 Aevo no order-book sample	—	—	—	—	—
Sell Aster live order book, 29 min ago	0.88 bp	4.9 bp −$5	6.6 bp −$66	27.3 bp −$2,726	doesn't fit

Aevo: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX QQQ/USD [ETH-USDC]	L −0.0190% / S +0.0275%	1h	741.99	+0.111%	$25K	—	26x	as long as short
BloFin QQQ-USDT	0.0000%	8h	741.88	+0.097%	$1.1M	$280K	20x	as long as short
Aster QQQUSDTshort	0.0000%	8h	741.46	+0.040%	$856K	$903K	20x
OKX QQQ-USDT-SWAP	0.0000%	8h	741.68	+0.070%	$21.6M	$30.1M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	741.70	+0.073%	$5.4M	$5.7M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	741.48	+0.043%	$3.4M	$21.1M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	741.99	+0.112%	$16.5M	$5.2M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	742.38	+0.164%	$2K	$1.6M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.35	+0.160%	$251K	$38K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	742.09	+0.125%	$360K	$1.6M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX QQQUSDC	+0.0007%	4h	741.71	+0.074%	$758K	$336K	20x	as long as short
Variational Omni QQQ	+0.0023%	8h	741.87	+0.096%	$16.7M	$7.2M	—	as long as short
Coinbase International QQQ-PERP-INTX	+0.0024%	1h	741.31	+0.020%	$1.2M	$510K	20x	as long as short
Lighter QQQ	+0.0032%	1h	741.54	+0.051%	$7.6M	$15.6M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	741.94	+0.105%	$38.0M	$81.6M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	740.94	−0.030%	$647K	$1.4M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.82	+0.223%	—	$337K	50x	as long as short
Ondo Perps QQQ-USD.P	+0.0050%	1h	740.54	−0.084%	$4.2M	$1.8M	20x	as long as short
Binance QQQUSDT	+0.0052%	8h	741.87	+0.095%	$70.7M	$141.5M	25x	as long as short
Bybit QQQUSDT	+0.0061%	8h	742.04	+0.118%	$10.7M	$5.0M	50x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0087%	1h	741.68	+0.070%	$424K	$125K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.51	+0.047%	$3.4M	$406K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.38	+0.029%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.69	+0.071%	$12K	$21K	20x	as long as short
Aevo QQQ-PERPlong	+0.0104%	1h	741.16	long leg	$92K	$1K	10x
Nado QQQ-PERP	+0.0143%	1h	741.52	+0.048%	$1.6M	$752K	20x	as long as short
Phoenix QQQ	+0.0248%	1h	741.20	+0.005%	$38K	$65K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0294%	8h	741.98	+0.111%	$322K	$2.0M	10x	as long as short