Funding arb · Price arb /

QQQ

RWAall QQQ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0268%/8h= −29.4% APRpaid last 24h −0.040%

Price spread now: GMX against Aster+0.011%7-day average — · you sell dearer than you buy

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

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster QQQUSDT	740.89	0	get 0.0000% / 8h	7h 46m	$823K	$865K	20x
Short	GMX QQQ/USD [ETH-USDC]	740.97	L −0.0182% / S +0.0268%	pay 0.0034% / 1h	46m 50s	$25K	—	26x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$56.38
Price spread: +0.011% → 0.000%: $1.08
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$75.31
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 51 min ago; GMX: 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, 51 min ago	0.07 bp	5.2 bp −$5	5.9 bp −$59	40.7 bp −$4,070	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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]short	L −0.0182% / S +0.0268%	1h	740.97	+0.011%	$25K	—	26x
BloFin QQQ-USDT	−0.0007%	8h	740.64	−0.033%	$1.1M	$274K	20x	as long as short
Aster QQQUSDTlong	0.0000%	8h	740.89	long leg	$823K	$865K	20x
OKX QQQ-USDT-SWAP	0.0000%	8h	740.61	−0.037%	$21.6M	$28.3M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	740.73	−0.021%	$5.4M	$5.8M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	740.29	−0.080%	$3.4M	$20.6M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	740.95	+0.009%	$16.5M	$5.2M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	741.01	+0.017%	$16.8M	$7.2M	—	as long as short
SunX QQQ-USDT	0.0000%	8h	741.39	+0.068%	$2K	$1.7M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	741.22	+0.045%	$250K	$41K	30x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex QQQUSDT	0.0000%	8h	741.27	+0.052%	$364K	$1.6M	10x	as long as short
Bybit QQQUSDT	+0.0007%	8h	740.91	+0.003%	$10.7M	$4.9M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0024%	1h	740.22	−0.090%	$1.2M	$490K	20x	as long as short
Binance QQQUSDT	+0.0028%	8h	740.87	−0.002%	$70.2M	$139.9M	25x	as long as short
Lighter QQQ	+0.0032%	1h	740.68	−0.028%	$7.7M	$15.0M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	741.02	+0.018%	$37.5M	$79.0M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	740.01	−0.118%	$646K	$1.7M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	741.81	+0.125%	—	$337K	50x	as long as short
Ondo Perps QQQ-USD.P	+0.0050%	1h	739.81	−0.145%	$4.2M	$1.8M	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0088%	1h	740.69	−0.026%	$423K	$157K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	740.46	−0.057%	$3.4M	$371K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	740.44	−0.060%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	740.74	−0.020%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	740.16	−0.098%	$92K	$1K	10x	as long as short
GRVT QQQ_USDT_Perp	+0.0142%	8h	741.04	+0.021%	$326K	$2.0M	10x	as long as short
Nado QQQ-PERP	+0.0148%	1h	740.44	−0.060%	$1.6M	$744K	20x	as long as short
Phoenix QQQ	+0.0248%	1h	740.33	−0.075%	$38K	$65K	20x	as long as short
edgeX QQQUSDC	+0.0553%	4h	740.83	−0.007%	$757K	$336K	20x	as long as short