Settings8H · net · $10k
Funding arb · Price arb /

QQQ

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%
Price spread now: Aster against SunX−0.090%46s7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$730.729% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.041%+$4 on $10k
Price spread, last 3 days (all we have)+0.021%+$2 · spread now −0.090%, 7d avg −0.057%
Together, before fees+0.062%+ Points / potential airdropAster: Stage 5 · farm board+$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.033% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.057%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX QQQ-USDT744.110get 0.0000% / 8h7h 57m$1K$2.3M10x
ShortAster QQQUSDT743.440get 0.0000% / 8h7h 57m$839K$757K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster 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

Funding earned
$0
Price spread: −0.090% → −0.057%
−$3.29
Slippage, 4 orders
−$56.88
Fee SunX: 4 bp × 2 orders
−$8
Fee Aster: 4 bp × 2 orders
−$8
Net
−$76.17
Costs to cover
0.729%
Break-even
never at this rate
Slippage from SunX: live order book, 9 min ago; Aster: live order book, 15 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 9 min ago21.64 bp25.6 bp −$26doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 15 min ago0.27 bp4.3 bp −$45.3 bp −$5326.1 bp −$2,606doesn't fit

QQQ on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps QQQ-USD.P−0.0307%1h742.19−0.258%$4.2M$2.0M20xas long as short
GMX QQQ/USD [ETH-USDC]L −0.0080% / S +0.0189%1h743.83−0.038%$25K26xas long as short
Gate QQQ_USDT−0.0038%8h743.30−0.109%$3.1M$25.9M50xas long as short
Aster QQQUSDTshort0.0000%8h743.44−0.090%$839K$757K20x
Bybit QQQUSDT0.0000%8h743.87−0.032%$10.7M$4.8M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h743.63−0.065%$21.5M$25.4M50xas long as short
SunX QQQ-USDTlong0.0000%8h744.11long leg$1K$2.3M10x
Deribit QQQ_USDC-PERPETUAL0.0000%1h743.43−0.091%$425K$146K20xas long as short
HTX QQQ-USDT0.0000%8h743.13−0.132%$257K$25K30xas long as short
Phemex QQQUSDT0.0000%8h743.87−0.032%$362K$1.4M10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin QQQ-USDT+0.0015%8h743.09−0.137%$1.0M$318K20xas long as short
Lighter QQQ+0.0032%1h743.68−0.058%$7.6M$18.1M30xas long as short
Lighter RH QQQ+0.0032%1h743.97−0.019%$37.4M$78.4M50xas long as short
Arcus QQQ-USD+0.0040%1h742.78−0.179%$747K$1.5M25xas long as short
Variational Omni QQQ+0.0042%8h743.41−0.093%$17.2M$10.8Mas long as short
Vest QQQ-USD-PERP+0.0046%1h744.35+0.032%$621K50xas long as short
edgeX QQQUSDC+0.0056%4h743.46−0.088%$760K$338K20xas long as short
Coinbase International QQQ-PERP-INTX+0.0064%1h743.04−0.144%$1.2M$693K20xas long as short
Binance QQQUSDT+0.0069%8h743.83−0.038%$70.9M$157.1M25xas long as short
Nado QQQ-PERP+0.0092%1h743.49−0.084%$1.5M$1.2M20xas long as short
KuCoin QQQUSDTM+0.0100%8h743.47−0.086%$3.4M$413K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h743.14−0.130%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h743.52−0.079%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h743.19−0.124%$92K$1K10xas long as short
Bitget QQQUSDT+0.0169%8h743.82−0.039%$16.9M$6.7M20xas long as short
GRVT QQQ_USDT_Perp+0.0187%8h743.68−0.058%$316K$1.8M10xas long as short
Phoenix QQQ+0.0194%1h743.19−0.124%$38K$66K20xas long as short
RISEx QQQ/USDC+0.0208%1h743.84−0.036%$5.6M$9.0M25xas long as short