Funding arb · Price arb /

QQQ

RWAall QQQ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.029%

Price spread now: Aevo against Aster−0.109%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Aevo

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

Funding pays, the price is against you. Aevo is 0.109% cheaper against Aster than usual: you would sell low and buy high (spread −0.109% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster QQQUSDT	741.71	0	get 0.0000% / 8h	6h 20m	$856K	$902K	20x
Short	Aevo QQQ-PERP	740.89	0.0104	get 0.0013% / 1h	20m 09s	$92K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo 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

Position, each leg$Hold fordaysFee AsterbpFee AevobpOrdersPrice spread, now −0.109%Rate

Funding earned: $21.84
Price spread: −0.109% → 0.000%: −$10.95
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$13.11
Costs to cover: 0.240%
Break-even: 11.2 days

Slippage unknown: Aster: live order book, 30 min ago; Aevo: no order-book sample. 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 Aster live order book, 30 min ago	0.34 bp	5.1 bp −$5	6.2 bp −$62	33.2 bp −$3,323	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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 exchanges

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 −0.0199% / S +0.0283%	1h	741.71	0.000%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0107%	1h	740.41	−0.175%	$4.2M	$1.8M	20x	as long as short
BloFin QQQ-USDT	−0.0015%	8h	741.55	−0.021%	$1.1M	$227K	20x	as long as short
Aster QQQUSDTlong	0.0000%	8h	741.71	long leg	$856K	$902K	20x
OKX QQQ-USDT-SWAP	0.0000%	8h	741.41	−0.040%	$21.7M	$29.7M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	741.47	−0.032%	$5.4M	$5.7M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	741.28	−0.057%	$3.5M	$20.3M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	741.86	+0.021%	$16.6M	$5.3M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	742.18	+0.064%	$2K	$1.5M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.02	+0.042%	$251K	$38K	30x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex QQQUSDT	0.0000%	8h	742.34	+0.086%	$363K	$1.6M	10x	as long as short
Variational Omni QQQ	+0.0025%	8h	741.58	−0.017%	$16.8M	$7.2M	—	as long as short
Lighter QQQ	+0.0032%	1h	741.32	−0.052%	$7.5M	$15.0M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	741.74	+0.005%	$38.4M	$78.0M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0032%	1h	741.32	−0.052%	$1.2M	$526K	20x	as long as short
Arcus QQQ-USD	+0.0040%	1h	740.75	−0.129%	$648K	$1.4M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.58	+0.118%	—	$337K	50x	as long as short
Bybit QQQUSDT	+0.0049%	8h	741.71	+0.001%	$10.6M	$4.9M	50x	as long as short
Binance QQQUSDT	+0.0053%	8h	741.70	−0.001%	$71.0M	$141.2M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.28	−0.057%	$3.4M	$446K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.41	−0.040%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.41	−0.040%	$12K	$21K	20x	as long as short
Aevo QQQ-PERPshort	+0.0104%	1h	740.89	−0.109%	$92K	$1K	10x
Deribit QQQ_USDC-PERPETUAL	+0.0114%	1h	741.36	−0.047%	$423K	$125K	20x	as long as short
Nado QQQ-PERP	+0.0119%	1h	741.17	−0.072%	$1.6M	$794K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0192%	8h	741.91	+0.028%	$317K	$2.0M	10x	as long as short
Phoenix QQQ	+0.0280%	1h	741.22	−0.065%	$38K	$59K	20x	as long as short
edgeX QQQUSDC	+0.0649%	4h	741.76	+0.007%	$758K	$335K	20x	as long as short