Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0058%/8h= −6.3% APRpaid last 24h +0.013%

Price spread now: BloFin against Vest−0.188%7-day average −0.145% · you buy dearer than you sell

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

Long on Vest Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.081%−$8 on $10k

Price spread, last 4 days (all we have)+0.224%+$22 · spread now −0.188%, 7d avg −0.145%

Together, before fees+0.143%+ Points / potential airdropVest: Active · farm board+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.043% cheaper against Vest than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.145%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest QQQ-USD-PERP	743.06	0.0046	pay 0.0006% / 1h	17m 43s	—	$337K	50x
Short	BloFin QQQ-USDT	741.66	−0.0012	pay 0.0012% / 8h	1h 17m	$1.1M	$271K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Vest. 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 VestbpFee BloFinbpOrdersPrice spread, now −0.188%Rate

Funding earned: −$12.11
Price spread: −0.188% → −0.145%: −$4.32
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$30.43
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; BloFin: live order book, 4 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 Vest no order-book sample	—	—	—	—	—
Sell BloFin live order book, 4 min ago	0.07 bp	6.2 bp −$6	6.8 bp −$68	11.0 bp −$1,098	doesn't fit

Vest: 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 −0.0163% / S +0.0254%	1h	742.25	−0.110%	$25K	—	26x	as long as short
Gate QQQ_USDT	−0.0035%	8h	741.50	−0.210%	$3.4M	$21.5M	50x	as long as short
BloFin QQQ-USDTshort	−0.0012%	8h	741.66	−0.188%	$1.1M	$271K	20x
Ondo Perps QQQ-USD.P	−0.0005%	1h	741.10	−0.264%	$4.2M	$1.8M	20x	as long as short
Aster QQQUSDT	0.0000%	8h	742.24	−0.111%	$823K	$858K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	742.21	−0.114%	$10.5M	$5.2M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	742.00	−0.143%	$21.5M	$28.3M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	741.89	−0.158%	$5.5M	$6.3M	25x	as long as short
Bitget QQQUSDT	0.0000%	8h	742.22	−0.113%	$16.5M	$5.5M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	742.08	−0.133%	$16.9M	$7.3M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX QQQ-USDT	0.0000%	8h	742.92	−0.019%	$2K	$1.8M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.23	−0.112%	$251K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	742.41	−0.087%	$361K	$1.6M	10x	as long as short
Binance QQQUSDT	+0.0004%	8h	742.25	−0.109%	$70.0M	$144.5M	25x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0016%	1h	741.35	−0.230%	$1.2M	$528K	20x	as long as short
Lighter QQQ	+0.0032%	1h	742.02	−0.140%	$7.7M	$15.5M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.41	−0.087%	$37.1M	$81.1M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.27	−0.241%	$687K	$1.6M	25x	as long as short
Vest QQQ-USD-PERPlong	+0.0046%	1h	743.06	long leg	—	$337K	50x
KuCoin QQQUSDTM	+0.0100%	8h	741.79	−0.171%	$3.4M	$354K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.74	−0.178%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.86	−0.161%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.39	−0.224%	$92K	$1K	10x	as long as short
GRVT QQQ_USDT_Perp	+0.0117%	8h	742.28	−0.105%	$322K	$2.0M	10x	as long as short
Nado QQQ-PERP	+0.0128%	1h	741.63	−0.192%	$1.5M	$768K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0154%	1h	741.96	−0.148%	$424K	$154K	20x	as long as short
Phoenix QQQ	+0.0205%	1h	741.75	−0.176%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0552%	4h	741.98	−0.146%	$759K	$335K	20x	as long as short