Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0130%/8h= +14.2% APRpaid last 24h −0.007%

Price spread now: Aevo against BloFin−0.023%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.320%+$32 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 0.023% cheaper against BloFin than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 14 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin QQQ-USDT	742.22	−0.0026	get 0.0026% / 8h	1h 07m	$1.0M	$478K	20x
Short	Aevo QQQ-PERP	742.05	0.0104	get 0.0013% / 1h	7m 14s	$92K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BloFin. 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 BloFinbpFee AevobpOrdersPrice spread, now −0.023%Rate

Funding earned: $27.29
Price spread: −0.023% → 0.000%: −$2.31
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$3.03
Costs to cover: 0.280%
Break-even: 7.8 days

Slippage unknown: BloFin: 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 BloFin live order book, 5 min ago	0.07 bp	7.7 bp −$8	10.0 bp −$100	14.5 bp −$1,455	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 −0.0076% / S +0.0186%	1h	742.83	+0.082%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0039%	1h	741.65	−0.077%	$4.2M	$2.1M	20x	as long as short
BloFin QQQ-USDTlong	−0.0026%	8h	742.22	long leg	$1.0M	$478K	20x
Aster QQQUSDT	0.0000%	8h	742.49	+0.037%	$840K	$780K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	742.65	+0.058%	$21.5M	$27.7M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	742.53	+0.042%	$3.1M	$32.8M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	743.27	+0.141%	$2K	$2.3M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	743.04	+0.110%	$257K	$26K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	743.33	+0.150%	$360K	$1.4M	10x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.97	+0.101%	$37.7M	$82.0M	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni QQQ	+0.0035%	8h	742.64	+0.057%	$17.6M	$10.4M	—	as long as short
Lighter QQQ	+0.0040%	1h	742.64	+0.057%	$7.8M	$21.6M	30x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.89	−0.044%	$737K	$1.4M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	743.23	+0.136%	—	$621K	50x	as long as short
Binance QQQUSDT	+0.0067%	8h	742.83	+0.082%	$70.0M	$160.6M	25x	as long as short
Bybit QQQUSDT	+0.0083%	8h	742.71	+0.066%	$10.7M	$5.4M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0088%	1h	742.43	+0.028%	$1.2M	$868K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.30	+0.011%	$3.4M	$429K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.39	+0.023%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	742.15	−0.009%	$12K	$21K	20x	as long as short
Aevo QQQ-PERPshort	+0.0104%	1h	742.05	−0.023%	$92K	$1K	10x
Nado QQQ-PERP	+0.0160%	1h	742.37	+0.021%	$1.5M	$1.3M	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0171%	8h	742.97	+0.101%	$319K	$1.8M	10x	as long as short
Bitget QQQUSDT	+0.0192%	8h	742.80	+0.078%	$16.9M	$7.0M	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0222%	1h	742.61	+0.053%	$424K	$227K	20x	as long as short
Phoenix QQQ	+0.0259%	1h	742.40	+0.024%	$38K	$73K	20x	as long as short
RISEx QQQ/USDC	+0.0315%	1h	742.86	+0.087%	$5.3M	$9.0M	25x	as long as short
edgeX QQQUSDC	+0.0406%	4h	742.66	+0.060%	$759K	$335K	20x	as long as short