Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: OKX against Aster−0.044%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$210.209% of the position

Long on Aster Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 4 days (all we have)+0.103%+$10 · spread now −0.044%, 7d avg +0.001%

Together, before fees+0.098%+ Points / potential airdropAster: Stage 5 · farm board+$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.045% cheaper against Aster than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster QQQUSDT	741.70	0	get 0.0000% / 8h	6h 54m	$856K	$902K	20x
Short	OKX QQQ-USDT-SWAP	741.38	0	get 0.0000% / 8h	6h 54m	$21.6M	$30.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → +0.001%: −$4.53
Slippage, 4 orders: −$2.89
Fee Aster: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$25.42
Costs to cover: 0.209%
Break-even: never at this rate

Slippage from Aster: live order book, 38 min ago; OKX: live order book, 4 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, 38 min ago	0.88 bp	4.9 bp −$5	5.2 bp −$52	22.9 bp −$2,285	doesn't fit
Sell OKX live order book, 4 min ago	0.07 bp	6.1 bp −$6	7.7 bp −$77	15.1 bp −$1,512	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 −0.0192% / S +0.0277%	1h	741.62	−0.012%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0062%	1h	740.71	−0.134%	$4.2M	$1.8M	20x	as long as short
BloFin QQQ-USDT	−0.0008%	8h	741.51	−0.026%	$1.1M	$279K	20x	as long as short
Aster QQQUSDTlong	0.0000%	8h	741.70	long leg	$856K	$902K	20x
OKX QQQ-USDT-SWAPshort	0.0000%	8h	741.38	−0.044%	$21.6M	$30.1M	50x
RISEx QQQ/USDC	0.0000%	1h	741.62	−0.011%	$5.4M	$5.7M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	741.09	−0.083%	$3.5M	$19.7M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	741.64	−0.009%	$16.7M	$5.3M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	742.44	+0.099%	$2K	$1.6M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.48	+0.105%	$251K	$38K	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	741.97	+0.036%	$361K	$1.6M	10x	as long as short
Variational Omni QQQ	+0.0029%	8h	741.96	+0.034%	$16.8M	$7.3M	—	as long as short
Lighter QQQ	+0.0032%	1h	741.11	−0.080%	$7.6M	$14.7M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	741.63	−0.010%	$38.3M	$76.8M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0032%	1h	741.63	−0.010%	$1.2M	$512K	20x	as long as short
Arcus QQQ-USD	+0.0040%	1h	740.93	−0.104%	$647K	$1.4M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.58	+0.118%	—	$337K	50x	as long as short
Binance QQQUSDT	+0.0055%	8h	741.52	−0.025%	$70.9M	$142.0M	25x	as long as short
Bybit QQQUSDT	+0.0078%	8h	741.66	−0.006%	$10.6M	$5.0M	50x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.20	−0.068%	$3.4M	$414K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.74	+0.005%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.46	−0.033%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	740.85	−0.115%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0145%	1h	741.38	−0.043%	$1.6M	$744K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0182%	1h	741.25	−0.061%	$423K	$126K	20x	as long as short
Phoenix QQQ	+0.0248%	1h	741.73	+0.003%	$38K	$59K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0277%	8h	742.31	+0.081%	$315K	$2.0M	10x	as long as short
edgeX QQQUSDC	+0.0704%	4h	741.86	+0.021%	$759K	$335K	20x	as long as short