Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0973%/8h= +106.5% APRpaid last 24h −0.067%

Price spread now: edgeX against Aster+0.015%110s7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$260.264% of the position

Long on Aster Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 3 days (all we have)−0.015%−$1 · spread now +0.015%, 7d avg −0.008%

Together, before fees+0.005%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and edgeX is 0.023% dearer against Aster than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.008%. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.019% in total (about 1.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster QQQUSDT	742.41	0	get 0.0000% / 8h	1h 25m	$840K	$780K	20x
Short	edgeX QQQUSDC	742.52	0.0973	get 0.0486% / 4h	1h 25m	$759K	$334K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.015%Rate

Funding earned: $204.25
Price spread: +0.015% → −0.008%: $2.28
Slippage, 4 orders: −$9.4
Fee Aster: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $180.13
Costs to cover: 0.264%
Break-even: 0.8 days

Slippage from Aster: live order book, 57 min ago; edgeX: live order book, 58 min ago.

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, 57 min ago	0.47 bp	4.5 bp −$4	5.4 bp −$54	24.9 bp −$2,487	doesn't fit
Sell edgeX live order book, 58 min ago	4.18 bp	8.7 bp −$9	9.7 bp −$97	doesn't fit	doesn't fit

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 −0.0071% / S +0.0182%	1h	742.57	+0.021%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0034%	1h	741.60	−0.109%	$4.2M	$2.1M	20x	as long as short
Aster QQQUSDTlong	0.0000%	8h	742.41	long leg	$840K	$780K	20x
OKX QQQ-USDT-SWAP	0.0000%	8h	742.34	−0.009%	$21.5M	$28.2M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	742.06	−0.047%	$3.1M	$32.8M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	743.11	+0.095%	$2K	$2.4M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.90	+0.067%	$257K	$32K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	743.03	+0.084%	$360K	$1.4M	10x	as long as short
BloFin QQQ-USDT	+0.0003%	8h	742.22	−0.025%	$1.0M	$482K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0020%	1h	742.29	−0.016%	$424K	$229K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH QQQ	+0.0032%	1h	742.87	+0.063%	$37.7M	$81.4M	50x	as long as short
Lighter QQQ	+0.0040%	1h	742.46	+0.007%	$7.8M	$21.5M	30x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.92	−0.065%	$737K	$1.4M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	743.12	+0.096%	—	$621K	50x	as long as short
Variational Omni QQQ	+0.0048%	8h	742.42	+0.002%	$17.2M	$10.1M	—	as long as short
Binance QQQUSDT	+0.0073%	8h	742.57	+0.022%	$69.6M	$160.9M	25x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0088%	1h	742.28	−0.017%	$1.2M	$870K	20x	as long as short
Bybit QQQUSDT	+0.0091%	8h	742.70	+0.040%	$10.7M	$5.4M	50x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.11	−0.040%	$3.4M	$434K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.39	−0.002%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.10	−0.176%	$10K	$19K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.92	−0.066%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0155%	1h	742.18	−0.030%	$1.5M	$1.3M	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0173%	8h	742.85	+0.059%	$321K	$1.8M	10x	as long as short
Bitget QQQUSDT	+0.0203%	8h	742.60	+0.026%	$16.8M	$7.2M	20x	as long as short
Phoenix QQQ	+0.0259%	1h	742.34	−0.009%	$38K	$73K	20x	as long as short
RISEx QQQ/USDC	+0.0315%	1h	742.73	+0.044%	$5.3M	$9.0M	25x	as long as short
edgeX QQQUSDCshort	+0.0973%	4h	742.52	+0.015%	$759K	$334K	20x