Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0587%/8h= −64.3% APRpaid last 24h +0.013%

Price spread now: Aster against edgeX+0.011%60s7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$270.265% of the position

Long on edgeX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 3 days (all we have)−0.011%−$1 · spread now +0.011%, 7d avg +0.007%

Together, before fees+0.003%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: −$18 a day on $10k at the current rate. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.014% in total (about 0.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX QQQUSDC	744.58	0.0604	pay 0.0302% / 4h	3h 06m	$761K	$336K	20x
Short	Aster QQQUSDT	744.66	0.0016	get 0.0016% / 8h	7h 06m	$841K	$714K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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 edgeXbpFee AsterbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$123.36
Price spread: +0.011% → +0.007%: $0.36
Slippage, 4 orders: −$9.52
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$149.53
Costs to cover: 0.265%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; Aster: live order book, 1 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 edgeX live order book, 2 min ago	4.16 bp	8.7 bp −$9	9.7 bp −$97	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	0.54 bp	4.5 bp −$5	5.5 bp −$55	27.4 bp −$2,744	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
Ondo Perps QQQ-USD.P	−0.0313%	1h	743.10	−0.198%	$4.2M	$2.0M	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L −0.0090% / S +0.0197%	1h	744.72	+0.019%	$25K	—	26x	as long as short
BloFin QQQ-USDT	−0.0023%	8h	744.38	−0.026%	$1.1M	$319K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.52	−0.008%	$21.5M	$25.3M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	744.29	−0.038%	$3.3M	$28.9M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	745.18	+0.081%	$2K	$2.1M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	744.68	+0.014%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	745.12	+0.073%	$361K	$1.4M	10x	as long as short
Bybit QQQUSDT	+0.0015%	8h	744.78	+0.027%	$10.7M	$5.0M	50x	as long as short
Aster QQQUSDTshort	+0.0016%	8h	744.66	+0.011%	$841K	$714K	20x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter QQQ	+0.0032%	1h	744.43	−0.020%	$7.7M	$18.4M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.81	+0.031%	$37.4M	$81.0M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.79	−0.106%	$748K	$1.5M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.26	+0.092%	—	$306K	50x	as long as short
Variational Omni QQQ	+0.0062%	8h	744.40	−0.023%	$17.1M	$8.4M	—	as long as short
Coinbase International QQQ-PERP-INTX	+0.0064%	1h	744.09	−0.065%	$1.2M	$546K	20x	as long as short
Binance QQQUSDT	+0.0094%	8h	744.62	+0.006%	$71.3M	$149.9M	25x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0099%	1h	744.53	−0.006%	$425K	$147K	20x	as long as short
Nado QQQ-PERP	+0.0100%	1h	744.37	−0.027%	$1.5M	$1.2M	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	744.25	−0.044%	$3.4M	$410K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	744.16	−0.056%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.39	−0.025%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.89	−0.092%	$93K	$1K	10x	as long as short
Bitget QQQUSDT	+0.0153%	8h	744.73	+0.021%	$16.9M	$6.1M	20x	as long as short
RISEx QQQ/USDC	+0.0208%	1h	744.64	+0.009%	$5.4M	$8.4M	25x	as long as short
Phoenix QQQ	+0.0258%	1h	744.32	−0.034%	$38K	$66K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0346%	8h	744.84	+0.035%	$318K	$1.8M	10x	as long as short
edgeX QQQUSDClong	+0.0604%	4h	744.58	long leg	$761K	$336K	20x