Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.022%

Price spread now: Aevo against Variational Omni−0.115%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Aevo is 0.115% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.115% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 3.7 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	Variational Omni QQQ	741.01	0	get 0.0000% / 8h	7h 47m	$16.8M	$7.2M	—
Short	Aevo QQQ-PERP	740.16	0.0104	get 0.0013% / 1h	47m 05s	$92K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Variational Omni. 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 Variational OmnibpFee AevobpOrdersPrice spread, now −0.115%Rate

Funding earned: $21.84
Price spread: −0.115% → 0.000%: −$11.53
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$5.69
Costs to cover: 0.160%
Break-even: 8.8 days

Slippage unknown: Variational Omni: RFQ quote, 2 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 Variational Omni RFQ quote, 2 min ago	1.90 bp	doesn't fit	2.5 bp −$25	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
GMX QQQ/USD [ETH-USDC]	L −0.0182% / S +0.0268%	1h	740.97	−0.006%	$25K	—	26x	as long as short
BloFin QQQ-USDT	−0.0007%	8h	740.64	−0.050%	$1.1M	$274K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	740.90	−0.016%	$823K	$865K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	740.73	−0.038%	$21.6M	$28.3M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	740.73	−0.038%	$5.4M	$5.8M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	740.32	−0.093%	$3.4M	$20.6M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	740.93	−0.011%	$16.5M	$5.2M	20x	as long as short
Variational Omni QQQlong	0.0000%	8h	741.01	long leg	$16.8M	$7.2M	—
SunX QQQ-USDT	0.0000%	8h	741.39	+0.051%	$2K	$1.7M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	741.22	+0.028%	$250K	$41K	30x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex QQQUSDT	0.0000%	8h	741.27	+0.035%	$364K	$1.6M	10x	as long as short
Bybit QQQUSDT	+0.0007%	8h	741.00	−0.002%	$10.7M	$4.9M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0024%	1h	740.22	−0.107%	$1.2M	$490K	20x	as long as short
Binance QQQUSDT	+0.0028%	8h	740.91	−0.014%	$70.2M	$140.0M	25x	as long as short
Lighter QQQ	+0.0032%	1h	740.68	−0.045%	$7.7M	$15.0M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	741.02	+0.001%	$37.5M	$79.0M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	740.01	−0.135%	$646K	$1.7M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	741.81	+0.108%	—	$337K	50x	as long as short
Ondo Perps QQQ-USD.P	+0.0050%	1h	739.81	−0.162%	$4.2M	$1.8M	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0088%	1h	740.69	−0.044%	$423K	$157K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	740.52	−0.066%	$3.4M	$370K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	740.44	−0.077%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	740.74	−0.037%	$12K	$21K	20x	as long as short
Aevo QQQ-PERPshort	+0.0104%	1h	740.16	−0.115%	$92K	$1K	10x
GRVT QQQ_USDT_Perp	+0.0142%	8h	741.04	+0.004%	$326K	$2.0M	10x	as long as short
Nado QQQ-PERP	+0.0148%	1h	740.44	−0.077%	$1.6M	$744K	20x	as long as short
Phoenix QQQ	+0.0248%	1h	740.33	−0.092%	$38K	$65K	20x	as long as short
edgeX QQQUSDC	+0.0553%	4h	740.83	−0.025%	$757K	$336K	20x	as long as short