Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.028%

Price spread now: Aevo against OKX−0.083%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.139%+$14 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 0.083% cheaper against OKX than usual: you would sell low and buy high (spread −0.083% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX QQQ-USDT-SWAP	744.72	0	get 0.0000% / 8h	7h 28m	$21.6M	$25.1M	50x
Short	Aevo QQQ-PERP	744.10	0.0104	get 0.0013% / 1h	28m 14s	$93K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against OKX. 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 OKXbpFee AevobpOrdersPrice spread, now −0.083%Rate

Funding earned: $21.84
Price spread: −0.083% → 0.000%: −$8.29
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$12.45
Costs to cover: 0.260%
Break-even: 11.0 days

Slippage unknown: OKX: 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 OKX live order book, 5 min ago	0.07 bp	5.1 bp −$5	5.9 bp −$59	12.3 bp −$1,227	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	−0.0361%	1h	743.30	−0.191%	$4.2M	$2.1M	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L −0.0086% / S +0.0194%	1h	744.96	+0.032%	$25K	—	26x	as long as short
Aster QQQUSDT	0.0000%	8h	744.28	−0.058%	$841K	$716K	20x	as long as short
OKX QQQ-USDT-SWAPlong	0.0000%	8h	744.72	long leg	$21.6M	$25.1M	50x
Gate QQQ_USDT	0.0000%	8h	744.50	−0.030%	$3.2M	$27.6M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	745.41	+0.093%	$2K	$2.2M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	744.45	−0.036%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	745.20	+0.064%	$360K	$1.4M	10x	as long as short
Bybit QQQUSDT	+0.0002%	8h	745.02	+0.040%	$10.7M	$4.9M	50x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0019%	1h	744.67	−0.007%	$425K	$147K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin QQQ-USDT	+0.0028%	8h	744.05	−0.090%	$1.1M	$318K	20x	as long as short
Lighter QQQ	+0.0032%	1h	744.68	−0.005%	$7.7M	$18.4M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	745.13	+0.055%	$37.4M	$80.1M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.72	−0.134%	$747K	$1.5M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.39	+0.090%	—	$306K	50x	as long as short
Variational Omni QQQ	+0.0047%	8h	744.24	−0.065%	$17.1M	$9.7M	—	as long as short
Coinbase International QQQ-PERP-INTX	+0.0064%	1h	743.73	−0.133%	$1.2M	$547K	20x	as long as short
Binance QQQUSDT	+0.0076%	8h	744.94	+0.030%	$71.2M	$151.9M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	744.46	−0.035%	$3.4M	$411K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	743.74	−0.132%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.53	−0.026%	$12K	$21K	20x	as long as short
Nado QQQ-PERP	+0.0103%	1h	744.39	−0.044%	$1.5M	$1.3M	20x	as long as short
Aevo QQQ-PERPshort	+0.0104%	1h	744.10	−0.083%	$93K	$1K	10x
Bitget QQQUSDT	+0.0174%	8h	744.98	+0.035%	$16.9M	$6.6M	20x	as long as short
RISEx QQQ/USDC	+0.0208%	1h	744.88	+0.021%	$5.4M	$8.7M	25x	as long as short
Phoenix QQQ	+0.0258%	1h	744.03	−0.093%	$38K	$66K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0263%	8h	744.41	−0.042%	$316K	$1.8M	10x	as long as short
edgeX QQQUSDC	+0.0471%	4h	744.23	−0.065%	$761K	$337K	20x	as long as short