Funding arb · Price arb /

QQQ

RWAall QQQ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h −0.009%

Price spread now: Aevo against Bitget−0.125%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.125% cheaper against Bitget than usual: you would sell low and buy high (spread −0.125% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 4.0 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.056% in total) that is about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget QQQUSDT	742.09	0	get 0.0000% / 8h	7h 03m	$16.5M	$5.2M	20x
Short	Aevo QQQ-PERP	741.16	0.0104	get 0.0013% / 1h	3m 47s	$92K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bitget. 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 BitgetbpFee AevobpOrdersPrice spread, now −0.125%Rate

Funding earned: $21.84
Price spread: −0.125% → 0.000%: −$12.48
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$18.64
Costs to cover: 0.280%
Break-even: 13.0 days

Slippage unknown: Bitget: live order book, 5 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 Bitget live order book, 5 min ago	0.07 bp	6.7 bp −$7	8.8 bp −$88	16.5 bp −$1,648	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 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 −0.0190% / S +0.0275%	1h	741.99	−0.014%	$25K	—	26x	as long as short
BloFin QQQ-USDT	0.0000%	8h	741.88	−0.028%	$1.1M	$280K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	741.49	−0.080%	$856K	$903K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	741.77	−0.043%	$21.6M	$30.0M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	741.74	−0.048%	$5.4M	$5.7M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	741.51	−0.078%	$3.4M	$21.1M	50x	as long as short
Bitget QQQUSDTlong	0.0000%	8h	742.09	long leg	$16.5M	$5.2M	20x
SunX QQQ-USDT	0.0000%	8h	742.38	+0.039%	$2K	$1.6M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.35	+0.035%	$251K	$38K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	742.09	0.000%	$360K	$1.6M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX QQQUSDC	+0.0007%	4h	741.71	−0.051%	$758K	$336K	20x	as long as short
Variational Omni QQQ	+0.0023%	8h	741.87	−0.029%	$16.7M	$7.2M	—	as long as short
Coinbase International QQQ-PERP-INTX	+0.0024%	1h	741.31	−0.105%	$1.2M	$510K	20x	as long as short
Lighter QQQ	+0.0032%	1h	741.70	−0.053%	$7.6M	$15.6M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.04	−0.007%	$37.9M	$81.5M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	740.98	−0.150%	$648K	$1.4M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.82	+0.098%	—	$337K	50x	as long as short
Ondo Perps QQQ-USD.P	+0.0050%	1h	740.54	−0.209%	$4.2M	$1.8M	20x	as long as short
Binance QQQUSDT	+0.0050%	8h	741.97	−0.016%	$70.7M	$141.6M	25x	as long as short
Bybit QQQUSDT	+0.0062%	8h	742.13	+0.005%	$10.7M	$5.0M	50x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0087%	1h	741.68	−0.055%	$424K	$125K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.53	−0.075%	$3.4M	$405K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.38	−0.096%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.69	−0.054%	$12K	$21K	20x	as long as short
Aevo QQQ-PERPshort	+0.0104%	1h	741.16	−0.125%	$92K	$1K	10x
Nado QQQ-PERP	+0.0143%	1h	741.52	−0.077%	$1.6M	$752K	20x	as long as short
Phoenix QQQ	+0.0248%	1h	741.20	−0.120%	$38K	$65K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0294%	8h	741.98	−0.014%	$322K	$2.0M	10x	as long as short