Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.016%

Price spread now: Orderly against Vest−0.102%7-day average — · you buy dearer than you sell

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

Long on Vest Short on Orderly

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 days—no price history on both exchanges yet

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

Funding pays, the price is against you. Orderly is 0.102% cheaper against Vest than usual: you would sell low and buy high (spread −0.102% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 6.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest QQQ-USD-PERP	743.92	0.0046	pay 0.0006% / 1h	45m 22s	—	$621K	50x
Short	Orderly PERP_QQQ_USDC_mythos	743.16	0.0100	get 0.0100% / 8h	45m 22s	$12K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.102%Rate

Funding earned: $11.41
Price spread: −0.102% → 0.000%: −$10.22
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$6.81
Costs to cover: 0.080%
Break-even: 11.2 days

Slippage unknown: Vest: no order-book sample; Orderly: 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 Vest no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Vest and Orderly: 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 −0.0070% / S +0.0181%	1h	743.49	−0.058%	$25K	—	26x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	743.29	−0.085%	$21.5M	$27.7M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	742.98	−0.126%	$3.1M	$32.8M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	743.95	+0.004%	$2K	$2.3M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	0.0000%	1h	743.02	−0.121%	$424K	$185K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	743.12	−0.108%	$257K	$26K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	743.90	−0.003%	$359K	$1.4M	10x	as long as short
Aster QQQUSDT	0.0000%	8h	743.22	−0.094%	$841K	$780K	20x	as long as short
BloFin QQQ-USDT	+0.0016%	8h	742.84	−0.145%	$1.0M	$468K	20x	as long as short
Arcus QQQ-USD	+0.0040%	1h	742.75	−0.157%	$738K	$1.4M	25x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX QQQUSDC	+0.0045%	4h	743.18	−0.099%	$760K	$337K	20x	as long as short
Vest QQQ-USD-PERPlong	+0.0046%	1h	743.92	long leg	—	$621K	50x
Lighter RH QQQ	+0.0048%	1h	743.73	−0.026%	$37.6M	$79.0M	50x	as long as short
Variational Omni QQQ	+0.0049%	8h	743.31	−0.082%	$17.6M	$10.3M	—	as long as short
Ondo Perps QQQ-USD.P	+0.0050%	1h	742.08	−0.247%	$4.2M	$2.1M	20x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0072%	1h	742.80	−0.151%	$1.2M	$866K	20x	as long as short
Binance QQQUSDT	+0.0080%	8h	743.49	−0.058%	$71.0M	$160.6M	25x	as long as short
Lighter QQQ	+0.0088%	1h	743.41	−0.069%	$7.6M	$20.9M	30x	as long as short
Bybit QQQUSDT	+0.0099%	8h	743.67	−0.034%	$10.7M	$5.2M	50x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.98	−0.126%	$3.4M	$424K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.85	−0.144%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythosshort	+0.0100%	8h	743.16	−0.102%	$12K	$21K	20x
Aevo QQQ-PERP	+0.0104%	1h	742.79	−0.152%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0177%	1h	743.03	−0.119%	$1.5M	$1.3M	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0188%	8h	743.36	−0.075%	$323K	$1.8M	10x	as long as short
RISEx QQQ/USDC	+0.0193%	1h	743.66	−0.034%	$5.4M	$8.9M	25x	as long as short
Phoenix QQQ	+0.0194%	1h	742.87	−0.141%	$38K	$73K	20x	as long as short
Bitget QQQUSDT	+0.0195%	8h	743.52	−0.054%	$16.9M	$7.1M	20x	as long as short