Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.003%

Price spread now: Aster against GMX−0.014%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX QQQ/USD [ETH-USDC]	741.98	L −0.0060% / S +0.0174%	get 0.0008% / 1h	8m 50s	$25K	—	26x
Short	Aster QQQUSDT	741.87	0.0006	get 0.0006% / 8h	2h 08m	$840K	$780K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now −0.014%Rate

Funding earned: $13.99
Price spread: −0.014% → 0.000%: −$1.42
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$7.43
Costs to cover: 0.200%
Break-even: 10.7 days

Slippage unknown: GMX: no order-book sample; Aster: live order book, 14 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 14 min ago	0.47 bp	4.5 bp −$4	6.4 bp −$64	30.4 bp −$3,041	doesn't fit

GMX: 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]long	L −0.0060% / S +0.0174%	1h	741.98	long leg	$25K	—	26x
BloFin QQQ-USDT	−0.0012%	8h	741.77	−0.028%	$1.0M	$509K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	741.77	−0.028%	$21.3M	$28.1M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	741.66	−0.042%	$3.1M	$33.3M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	742.40	+0.057%	$1K	$2.4M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.18	+0.028%	$256K	$32K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	742.20	+0.030%	$361K	$1.4M	10x	as long as short
Aster QQQUSDTshort	+0.0006%	8h	741.87	−0.014%	$840K	$780K	20x
Arcus QQQ-USD	+0.0025%	1h	741.20	−0.104%	$735K	$1.5M	25x	as long as short
Ondo Perps QQQ-USD.P	+0.0030%	1h	740.94	−0.139%	$4.2M	$2.2M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest QQQ-USD-PERP	+0.0046%	1h	742.41	+0.059%	—	$621K	50x	as long as short
Variational Omni QQQ	+0.0058%	8h	741.96	−0.001%	$17.2M	$10.6M	—	as long as short
Coinbase International QQQ-PERP-INTX	+0.0064%	1h	741.44	−0.072%	$1.2M	$894K	20x	as long as short
Bybit QQQUSDT	+0.0073%	8h	742.08	+0.014%	$10.7M	$5.4M	50x	as long as short
Phoenix QQQ	+0.0076%	1h	741.46	−0.069%	$38K	$73K	20x	as long as short
Binance QQQUSDT	+0.0088%	8h	741.98	+0.001%	$69.8M	$165.1M	25x	as long as short
Lighter QQQ	+0.0096%	1h	741.88	−0.013%	$7.8M	$21.7M	30x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.45	−0.071%	$3.4M	$449K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.45	−0.071%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.19	−0.106%	$7K	$15K	20x	as long as short
Lighter RH QQQ	+0.0104%	1h	742.22	+0.033%	$37.8M	$83.2M	50x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.30	−0.092%	$92K	$1K	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0128%	1h	741.82	−0.021%	$424K	$304K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0180%	8h	742.06	+0.012%	$316K	$1.7M	10x	as long as short
RISEx QQQ/USDC	+0.0212%	1h	742.11	+0.018%	$5.4M	$9.3M	25x	as long as short
Bitget QQQUSDT	+0.0227%	8h	741.91	−0.009%	$16.7M	$7.8M	20x	as long as short
Nado QQQ-PERP	+0.0244%	1h	741.41	−0.076%	$1.5M	$1.3M	20x	as long as short
edgeX QQQUSDC	+0.0489%	4h	741.96	−0.002%	$759K	$335K	20x	as long as short