Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: SunX against Aevo+0.175%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 SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.175%−$18 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. SunX is 0.175% dearer against Aevo than usual: you sell high and buy low (spread +0.175% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo QQQ-PERP	743.63	0.0104	pay 0.0013% / 1h	53m 17s	$93K	$1K	10x
Short	SunX QQQ-USDT	744.93	0	get 0.0000% / 8h	5h 53m	$2K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.175%Rate

Funding earned: −$21.84
Price spread: +0.175% → 0.000%: $17.54
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee SunX: 4 bp × 2 orders: −$8
Net: −$28.3
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; SunX: live order book, 13 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 SunX live order book, 13 min ago	11.06 bp	48.2 bp −$48	doesn't fit	doesn't fit	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 27 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 −0.0106% / S +0.0209%	1h	744.38	+0.102%	$25K	—	26x	as long as short
Aster QQQUSDT	0.0000%	8h	744.40	+0.104%	$841K	$713K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.41	+0.106%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.36	+0.099%	$21.7M	$26.3M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	744.46	+0.112%	$5.4M	$7.8M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	744.06	+0.058%	$3.3M	$20.3M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	744.46	+0.112%	$16.9M	$5.8M	20x	as long as short
SunX QQQ-USDTshort	0.0000%	8h	744.93	+0.175%	$2K	$2.0M	10x
HTX QQQ-USDT	0.0000%	8h	744.68	+0.142%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	744.65	+0.138%	$359K	$1.4M	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps QQQ-USD.P	+0.0016%	1h	743.51	−0.016%	$4.2M	$1.9M	20x	as long as short
Lighter QQQ	+0.0032%	1h	744.16	+0.072%	$7.7M	$17.1M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.59	+0.130%	$37.3M	$78.4M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0032%	1h	743.88	+0.034%	$1.2M	$532K	20x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.51	−0.016%	$705K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.36	+0.233%	—	$337K	50x	as long as short
Variational Omni QQQ	+0.0052%	8h	744.38	+0.102%	$17.1M	$7.5M	—	as long as short
Binance QQQUSDT	+0.0076%	8h	744.39	+0.103%	$71.2M	$144.6M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	744.06	+0.058%	$3.4M	$414K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	744.08	+0.061%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.09	+0.062%	$12K	$21K	20x	as long as short
Aevo QQQ-PERPlong	+0.0104%	1h	743.63	long leg	$93K	$1K	10x
Nado QQQ-PERP	+0.0113%	1h	743.99	+0.049%	$1.5M	$923K	20x	as long as short
Phoenix QQQ	+0.0161%	1h	744.04	+0.056%	$38K	$66K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0172%	8h	744.62	+0.134%	$322K	$1.9M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0207%	1h	744.21	+0.079%	$425K	$149K	20x	as long as short
edgeX QQQUSDC	+0.0521%	4h	744.38	+0.102%	$761K	$334K	20x	as long as short