Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.028%

Price spread now: OKX against Aevo+0.077%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 OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.139%−$14 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. OKX is 0.077% dearer against Aevo than usual: you sell high and buy low (spread +0.077% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo QQQ-PERP	742.38	0.0104	pay 0.0013% / 1h	20m 21s	$92K	$1K	10x
Short	OKX QQQ-USDT-SWAP	742.95	0	get 0.0000% / 8h	3h 20m	$21.5M	$27.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$21.84
Price spread: +0.077% → 0.000%: $7.73
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee OKX: 5 bp × 2 orders: −$10
Net: −$40.11
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago	0.07 bp	5.1 bp −$5	5.8 bp −$58	11.9 bp −$1,188	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 −0.0137% / S +0.0234%	1h	743.16	+0.106%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0034%	1h	742.36	−0.002%	$4.2M	$1.8M	20x	as long as short
Aster QQQUSDT	0.0000%	8h	742.99	+0.082%	$840K	$857K	20x	as long as short
Binance QQQUSDT	0.0000%	8h	743.11	+0.099%	$70.3M	$142.3M	25x	as long as short
Bybit QQQUSDT	0.0000%	8h	743.15	+0.104%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAPshort	0.0000%	8h	742.95	+0.077%	$21.5M	$27.2M	50x
Gate QQQ_USDT	0.0000%	8h	742.58	+0.027%	$3.3M	$21.2M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	743.33	+0.129%	$16.9M	$5.5M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	743.17	+0.108%	$17.1M	$7.3M	—	as long as short
SunX QQQ-USDT	0.0000%	8h	743.77	+0.188%	$2K	$1.9M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International QQQ-PERP-INTX	0.0000%	1h	742.64	+0.036%	$1.2M	$537K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	744.11	+0.234%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	743.29	+0.123%	$362K	$1.6M	10x	as long as short
BloFin QQQ-USDT	+0.0002%	8h	743.12	+0.100%	$1.1M	$256K	20x	as long as short
RISEx QQQ/USDC	+0.0010%	1h	743.27	+0.120%	$5.4M	$7.3M	25x	as long as short
Lighter QQQ	+0.0032%	1h	742.96	+0.079%	$7.7M	$15.8M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	743.34	+0.130%	$37.0M	$79.4M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	742.31	−0.009%	$704K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	744.11	+0.234%	—	$337K	50x	as long as short
GRVT QQQ_USDT_Perp	+0.0067%	8h	743.31	+0.126%	$321K	$1.9M	10x	as long as short
Nado QQQ-PERP	+0.0078%	1h	742.84	+0.063%	$1.5M	$746K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.90	+0.071%	$3.4M	$340K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.74	+0.049%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	742.83	+0.061%	$12K	$21K	20x	as long as short
Aevo QQQ-PERPlong	+0.0104%	1h	742.38	long leg	$92K	$1K	10x
Phoenix QQQ	+0.0118%	1h	742.68	+0.041%	$38K	$66K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0154%	1h	742.92	+0.073%	$424K	$151K	20x	as long as short
edgeX QQQUSDC	+0.0448%	4h	742.90	+0.071%	$760K	$335K	20x	as long as short