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

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0299%/8h= −32.8% APRnext payment $0.37 per $10,000 · paid last 24h −0.046%
Price spread now: GMX against Vest−0.110%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVest: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and GMX is 0.110% cheaper against Vest than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest QQQ-USD-PERP743.060.0046pay 0.0006% / 1h18m 15s$337K50x
ShortGMX QQQ/USD [ETH-USDC]742.25L −0.0163% / S +0.0254%pay 0.0032% / 1h18m 15s$25K26x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
−$62.89
Price spread: −0.110% → 0.000%
−$10.97
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee GMX: 6 bp × 2 orders
−$12
Net
−$87.85
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Vest no order-book sample
Sell GMX no order-book sample
Vest and GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX QQQ/USD [ETH-USDC]shortL −0.0163% / S +0.0254%1h742.25−0.110%$25K26x
Gate QQQ_USDT−0.0035%8h741.47−0.214%$3.3M$21.5M50xas long as short
BloFin QQQ-USDT−0.0012%8h741.66−0.188%$1.1M$271K20xas long as short
Ondo Perps QQQ-USD.P−0.0003%1h740.74−0.312%$4.2M$1.8M20xas long as short
Aster QQQUSDT0.0000%8h742.23−0.112%$823K$858K20xas long as short
Bybit QQQUSDT0.0000%8h742.17−0.120%$10.5M$5.2M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h742.00−0.143%$21.5M$28.3M50xas long as short
RISEx QQQ/USDC0.0000%1h741.89−0.158%$5.5M$6.3M25xas long as short
Bitget QQQUSDT0.0000%8h742.22−0.113%$16.5M$5.5M20xas long as short
Variational Omni QQQ0.0000%8h742.08−0.133%$16.9M$7.3Mas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX QQQ-USDT0.0000%8h742.92−0.019%$2K$1.8M10xas long as short
HTX QQQ-USDT0.0000%8h742.23−0.112%$251K$41K30xas long as short
Phemex QQQUSDT0.0000%8h742.41−0.087%$361K$1.6M10xas long as short
Binance QQQUSDT+0.0004%8h742.24−0.110%$70.0M$144.5M25xas long as short
Coinbase International QQQ-PERP-INTX+0.0016%1h741.35−0.230%$1.2M$528K20xas long as short
Lighter QQQ+0.0032%1h742.04−0.137%$7.7M$15.5M30xas long as short
Lighter RH QQQ+0.0032%1h742.36−0.094%$37.1M$81.1M50xas long as short
Arcus QQQ-USD+0.0040%1h741.23−0.246%$687K$1.6M25xas long as short
Vest QQQ-USD-PERPlong+0.0046%1h743.06long leg$337K50x
KuCoin QQQUSDTM+0.0100%8h741.69−0.184%$3.4M$354K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h741.74−0.178%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h741.86−0.161%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h741.39−0.224%$92K$1K10xas long as short
GRVT QQQ_USDT_Perp+0.0117%8h742.28−0.105%$322K$2.0M10xas long as short
Nado QQQ-PERP+0.0128%1h741.63−0.192%$1.5M$768K20xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0154%1h741.96−0.148%$424K$154K20xas long as short
Phoenix QQQ+0.0205%1h741.75−0.176%$38K$66K20xas long as short
edgeX QQQUSDC+0.0552%4h741.98−0.146%$759K$335K20xas long as short