Settings8H · net · $10k
Funding arb · Price arb /

QQQ

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0165%/8h= +18.1% APRnext payment +$1.65 per $10,000 · paid last 24h +0.008%
Price spread now: GRVT against Aster+0.036%50s7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$200.195% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.182%+$18 on $10k
Price spread, last 3 days (all we have)+0.005%$0 · spread now +0.036%, 7d avg +0.023%
Together, before fees+0.186%+ Points / potential airdropAster: Stage 5 · GRVT: Active · farm board+$19 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster QQQUSDT741.870.0005pay 0.0005% / 8h2h 22m$840K$780K20x
ShortGRVT QQQ_USDT_Perp742.140.0170get 0.0170% / 8h2h 22m$316K$1.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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

Funding earned
$34.66
Price spread: +0.036% → +0.023%
$1.3
Slippage, 4 orders
−$2.54
Fee Aster: 4 bp × 2 orders
−$8
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
$16.41
Costs to cover
0.195%
Break-even
3.7 days
Slippage from Aster: live order book, 65 min ago; GRVT: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 65 min ago0.41 bp5.2 bp −$56.6 bp −$6635.3 bp −$3,530doesn't fit
Sell GRVT live order book, 6 min ago0.47 bp5.0 bp −$56.1 bp −$61doesn't fitdoesn't fit

QQQ on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX QQQ/USD [ETH-USDC]L −0.0057% / S +0.0171%1h741.99+0.016%$25K26xas long as short
BloFin QQQ-USDT−0.0017%8h741.82−0.007%$1.0M$509K20xas long as short
OKX QQQ-USDT-SWAP0.0000%8h741.77−0.013%$21.3M$28.1M50xas long as short
Gate QQQ_USDT0.0000%8h741.59−0.038%$3.1M$33.2M50xas long as short
SunX QQQ-USDT0.0000%8h742.41+0.073%$2K$2.5M10xas long as short
HTX QQQ-USDT0.0000%8h742.11+0.032%$256K$32K30xas long as short
Phemex QQQUSDT0.0000%8h742.46+0.080%$361K$1.4M10xas long as short
Aster QQQUSDTlong+0.0005%8h741.87long leg$840K$780K20x
Arcus QQQ-USD+0.0025%1h741.30−0.077%$735K$1.5M25xas long as short
Ondo Perps QQQ-USD.P+0.0035%1h740.84−0.139%$4.2M$2.2M20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest QQQ-USD-PERP+0.0046%1h742.44+0.077%$621K50xas long as short
Variational Omni QQQ+0.0055%8h742.03+0.021%$17.2M$10.6Mas long as short
Coinbase International QQQ-PERP-INTX+0.0064%1h741.44−0.058%$1.2M$894K20xas long as short
Bybit QQQUSDT+0.0065%8h742.04+0.023%$10.7M$5.4M50xas long as short
Phoenix QQQ+0.0076%1h741.66−0.028%$38K$73K20xas long as short
Binance QQQUSDT+0.0087%8h741.93+0.007%$69.9M$165.5M25xas long as short
KuCoin QQQUSDTM+0.0100%8h741.51−0.049%$3.4M$449K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h741.45−0.057%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h741.19−0.092%$7K$15K20xas long as short
Lighter QQQ+0.0104%1h741.83−0.005%$7.9M$21.6M30xas long as short
Aevo QQQ-PERP+0.0104%1h741.35−0.070%$92K$1K10xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0114%1h741.82−0.007%$424K$304K20xas long as short
Lighter RH QQQ+0.0120%1h742.18+0.042%$37.9M$82.8M50xas long as short
GRVT QQQ_USDT_Perpshort+0.0170%8h742.14+0.036%$316K$1.7M10x
RISEx QQQ/USDC+0.0212%1h742.09+0.029%$5.4M$9.2M25xas long as short
Bitget QQQUSDT+0.0233%8h741.95+0.011%$16.8M$7.7M20xas long as short
Nado QQQ-PERP+0.0248%1h741.43−0.060%$1.5M$1.4M20xas long as short
edgeX QQQUSDC+0.0856%4h742.03+0.021%$759K$335K20xas long as short