Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0141%/8hnext payment +$0.18 per $10,000 · paid last 24h +0.019%

Price spread now: Aevo against Arcus+0.004%7-day average — · you sell dearer than you buy

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

Long on Arcus Short on Aevo

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus QQQ-USD	742.37	−0.0037	get 0.0005% / 1h	22m 29s	$757K	$1.5M	25x
Short	Aevo QQQ-PERP	742.40	0.0104	get 0.0013% / 1h	22m 29s	$92K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Arcus. 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 ArcusbpFee AevobpOrdersPrice spread, now +0.004%Rate

Funding earned: $29.69
Price spread: +0.004% → 0.000%: $0.39
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Aevo: 8 bp × 2 orders: −$16
Net: $9.58
Costs to cover: 0.205%
Break-even: 4.7 days

Slippage unknown: Arcus: live order book, 1 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 Arcus live order book, 1 min ago	0.20 bp	4.2 bp −$4	5.8 bp −$58	12.0 bp −$1,198	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
Ondo Perps QQQ-USD.P	−0.0082%	1h	741.84	−0.071%	$4.2M	$2.3M	20x	as long as short
Arcus QQQ-USDlong	−0.0037%	1h	742.37	long leg	$757K	$1.5M	25x
GMX QQQ/USD [ETH-USDC]	L −0.0026% / S +0.0135%	1h	743.04	+0.091%	$25K	—	53x	as long as short
Gate QQQ_USDT	−0.0018%	8h	742.29	−0.011%	$3.1M	$33.8M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	742.99	+0.084%	$21.3M	$26.1M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	743.14	+0.104%	$5.2M	$9.0M	25x	as long as short
SunX QQQ-USDT	0.0000%	8h	743.49	+0.151%	$2K	$2.4M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	743.16	+0.106%	$257K	$33K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	743.38	+0.136%	$361K	$1.3M	10x	as long as short
Phoenix QQQ	+0.0022%	1h	742.56	+0.026%	$38K	$73K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter QQQ	+0.0032%	1h	743.00	+0.085%	$8.0M	$21.6M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	743.47	+0.148%	$39.2M	$84.2M	50x	as long as short
Aster QQQUSDT	+0.0037%	8h	743.05	+0.092%	$846K	$584K	20x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	743.83	+0.197%	—	$621K	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0064%	1h	742.77	+0.054%	$1.2M	$847K	20x	as long as short
Bybit QQQUSDT	+0.0066%	8h	743.15	+0.105%	$10.6M	$5.8M	50x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.76	+0.053%	$3.4M	$439K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.60	+0.031%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	742.24	−0.018%	$7K	$15K	20x	as long as short
Variational Omni QQQ	+0.0101%	8h	742.68	+0.042%	$17.2M	$10.4M	—	as long as short
Aevo QQQ-PERPshort	+0.0104%	1h	742.40	+0.004%	$92K	$1K	10x
Binance QQQUSDT	+0.0119%	8h	743.17	+0.108%	$69.8M	$155.0M	25x	as long as short
BloFin QQQ-USDT	+0.0120%	8h	742.23	−0.019%	$1.1M	$511K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0141%	1h	742.90	+0.071%	$424K	$303K	20x	as long as short
Nado QQQ-PERP	+0.0152%	1h	742.59	+0.029%	$1.5M	$1.4M	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0203%	8h	743.10	+0.098%	$321K	$1.5M	10x	as long as short
Bitget QQQUSDT	+0.0284%	8h	743.28	+0.123%	$16.9M	$7.5M	20x	as long as short
edgeX QQQUSDC	+0.0516%	4h	742.88	+0.068%	$760K	$335K	20x	as long as short