Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0178%/8h= +19.5% APRpaid last 24h +0.031%

Price spread now: Aevo against Gate−0.035%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.186%+$19 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 0.035% cheaper against Gate than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 16 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.186% in total) that is about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate QQQ_USDT	741.30	−0.0074	get 0.0074% / 8h	38m 59s	$3.3M	$21.6M	50x
Short	Aevo QQQ-PERP	741.04	0.0104	get 0.0013% / 1h	38m 59s	$92K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Gate. 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 GatebpFee AevobpOrdersPrice spread, now −0.035%Rate

Funding earned: $37.38
Price spread: −0.035% → 0.000%: −$3.52
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aevo: 8 bp × 2 orders: −$16
Net: $2.86
Costs to cover: 0.310%
Break-even: 6.5 days

Slippage unknown: Gate: 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 Gate live order book, 5 min ago	1.42 bp	11.9 bp −$12	17.1 bp −$171	doesn't fit	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
Ondo Perps QQQ-USD.P	−0.0178%	1h	740.54	−0.103%	$4.2M	$1.8M	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L −0.0171% / S +0.0260%	1h	741.86	+0.075%	$25K	—	26x	as long as short
Gate QQQ_USDTlong	−0.0074%	8h	741.30	long leg	$3.3M	$21.6M	50x
Aster QQQUSDT	0.0000%	8h	741.83	+0.071%	$823K	$861K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	741.89	+0.080%	$10.7M	$5.3M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	741.60	+0.040%	$21.5M	$28.3M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	741.60	+0.040%	$5.4M	$6.3M	25x	as long as short
Bitget QQQUSDT	0.0000%	8h	741.96	+0.089%	$16.5M	$5.5M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	742.02	+0.097%	$16.8M	$7.2M	—	as long as short
SunX QQQ-USDT	0.0000%	8h	742.79	+0.201%	$2K	$1.8M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX QQQ-USDT	0.0000%	8h	742.02	+0.097%	$251K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	741.99	+0.093%	$361K	$1.6M	10x	as long as short
BloFin QQQ-USDT	+0.0007%	8h	741.72	+0.057%	$1.1M	$274K	20x	as long as short
Binance QQQUSDT	+0.0008%	8h	741.84	+0.073%	$70.1M	$142.3M	25x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0016%	1h	741.51	+0.028%	$1.2M	$491K	20x	as long as short
Lighter QQQ	+0.0032%	1h	741.58	+0.038%	$7.7M	$15.3M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	741.92	+0.084%	$37.3M	$80.0M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.39	+0.012%	$644K	$1.7M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.77	+0.198%	—	$337K	50x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.42	+0.016%	$3.4M	$360K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.61	+0.042%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.54	+0.032%	$12K	$21K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0101%	1h	741.45	+0.020%	$424K	$156K	20x	as long as short
Aevo QQQ-PERPshort	+0.0104%	1h	741.04	−0.035%	$92K	$1K	10x
Nado QQQ-PERP	+0.0113%	1h	741.52	+0.030%	$1.6M	$761K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0126%	8h	742.20	+0.122%	$325K	$2.0M	10x	as long as short
edgeX QQQUSDC	+0.0200%	4h	742.04	+0.100%	$759K	$335K	20x	as long as short
Phoenix QQQ	+0.0227%	1h	741.67	+0.050%	$38K	$65K	20x	as long as short