Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.031%

Price spread now: Aevo against SunX−0.174%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.175%+$18 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 0.174% cheaper against SunX than usual: you would sell low and buy high (spread −0.174% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 5.6 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	SunX QQQ-USDT	744.83	0	get 0.0000% / 8h	4h 24m	$2K	$1.9M	10x
Short	Aevo QQQ-PERP	743.53	0.0104	get 0.0013% / 1h	24m 46s	$93K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against SunX. 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 SunXbpFee AevobpOrdersPrice spread, now −0.174%Rate

Funding earned: $21.84
Price spread: −0.174% → 0.000%: −$17.39
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$19.55
Costs to cover: 0.240%
Break-even: 13.3 days

Slippage unknown: SunX: live order book, 1 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 SunX live order book, 1 min ago	21.61 bp	25.6 bp −$26	doesn't fit	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	−0.0162%	1h	743.18	−0.222%	$4.2M	$1.8M	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L −0.0124% / S +0.0223%	1h	744.38	−0.060%	$25K	—	26x	as long as short
BloFin QQQ-USDT	−0.0025%	8h	744.19	−0.086%	$1.1M	$271K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	744.44	−0.052%	$841K	$714K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.42	−0.055%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.32	−0.068%	$21.5M	$26.9M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	744.44	−0.053%	$5.4M	$7.5M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	743.97	−0.115%	$3.3M	$20.8M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	744.58	−0.034%	$16.9M	$5.7M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	744.19	−0.086%	$17.1M	$7.5M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX QQQ-USDTlong	0.0000%	8h	744.83	long leg	$2K	$1.9M	10x
Deribit QQQ_USDC-PERPETUAL	0.0000%	1h	744.12	−0.095%	$425K	$149K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	744.54	−0.039%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	744.54	−0.039%	$362K	$1.5M	10x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0008%	1h	743.96	−0.117%	$1.2M	$536K	20x	as long as short
Lighter QQQ	+0.0032%	1h	744.32	−0.068%	$7.7M	$16.4M	30x	as long as short
Binance QQQUSDT	+0.0033%	8h	744.44	−0.052%	$71.1M	$141.5M	25x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.73	−0.148%	$699K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.35	+0.070%	—	$337K	50x	as long as short
Lighter RH QQQ	+0.0048%	1h	744.77	−0.008%	$36.9M	$79.3M	50x	as long as short
Nado QQQ-PERP	+0.0097%	1h	744.02	−0.108%	$1.5M	$878K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	744.09	−0.099%	$3.4M	$377K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	743.95	−0.118%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.09	−0.099%	$12K	$21K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0102%	8h	744.49	−0.046%	$324K	$1.9M	10x	as long as short
Aevo QQQ-PERPshort	+0.0104%	1h	743.53	−0.174%	$93K	$1K	10x
Phoenix QQQ	+0.0129%	1h	744.00	−0.111%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0725%	4h	744.24	−0.080%	$761K	$333K	20x	as long as short