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

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.025%
Price spread now: ApeX Omni against Aster+0.042%89s7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$290.286% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.169%+$17 on $10k
Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.042%, 7d avg −0.019%
Together, before fees+0.090%+ Points / potential airdropAster: Stage 5 · farm board+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.061% dearer against Aster than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.019%. The two prices were read 89 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster QQQUSDT744.220.0004pay 0.0004% / 8h7h 23m$841K$714K20x
ShortApeX Omni QQQUSDT744.530.0100get 0.0013% / 1h23m 57s$20K$2.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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
$20.09
Price spread: +0.042% → −0.019%
$6.07
Slippage, 4 orders
−$10.59
Fee Aster: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$2.43
Costs to cover
0.286%
Break-even
7.8 days
Slippage from Aster: live order book, 49 min ago; ApeX Omni: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 49 min ago0.27 bp4.8 bp −$56.8 bp −$6832.4 bp −$3,239doesn't fit
Sell ApeX Omni live order book, 5 min ago3.76 bp9.8 bp −$1027.1 bp −$271doesn't fitdoesn't fit

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
Ondo Perps QQQ-USD.P−0.0354%1h743.30−0.123%$4.2M$2.1M20xas long as short
GMX QQQ/USD [ETH-USDC]L −0.0087% / S +0.0195%1h744.30+0.012%$25K26xas long as short
BloFin QQQ-USDT−0.0001%8h744.38+0.022%$1.1M$318K20xas long as short
Bybit QQQUSDT0.0000%8h744.38+0.022%$10.7M$4.9M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h744.15−0.009%$21.4M$25.3M50xas long as short
Gate QQQ_USDT0.0000%8h744.04−0.024%$3.2M$27.9M50xas long as short
SunX QQQ-USDT0.0000%8h744.81+0.080%$2K$2.2M10xas long as short
Deribit QQQ_USDC-PERPETUAL0.0000%1h743.93−0.038%$425K$147K20xas long as short
HTX QQQ-USDT0.0000%8h745.42+0.162%$258K$29K30xas long as short
Phemex QQQUSDT0.0000%8h744.51+0.039%$362K$1.4M10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster QQQUSDTlong+0.0004%8h744.22long leg$841K$714K20x
Lighter QQQ+0.0032%1h743.96−0.034%$7.7M$18.4M30xas long as short
Lighter RH QQQ+0.0032%1h744.36+0.019%$37.3M$80.3M50xas long as short
Arcus QQQ-USD+0.0040%1h743.95−0.036%$748K$1.5M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h744.97+0.101%$306K50xas long as short
Variational Omni QQQ+0.0052%8h744.72+0.068%$17.1M$9.6Mas long as short
Coinbase International QQQ-PERP-INTX+0.0064%1h744.24+0.003%$1.2M$550K20xas long as short
Binance QQQUSDT+0.0081%8h744.220.000%$71.1M$152.3M25xas long as short
KuCoin QQQUSDTM+0.0100%8h744.06−0.021%$3.4M$410K20xas long as short
ApeX Omni QQQUSDTshort+0.0100%1h744.53+0.042%$20K$2.2M50x
Orderly PERP_QQQ_USDC_mythos+0.0100%8h744.13−0.012%$12K$21K20xas long as short
Nado QQQ-PERP+0.0102%1h744.27+0.007%$1.5M$1.2M20xas long as short
Aevo QQQ-PERP+0.0104%1h743.76−0.062%$93K$1K10xas long as short
Bitget QQQUSDT+0.0180%8h744.34+0.017%$16.9M$6.4M20xas long as short
RISEx QQQ/USDC+0.0208%1h744.46+0.032%$5.4M$8.6M25xas long as short
Phoenix QQQ+0.0258%1h744.03−0.025%$38K$66K20xas long as short
GRVT QQQ_USDT_Perp+0.0304%8h745.05+0.112%$317K$1.8M10xas long as short
edgeX QQQUSDC+0.0961%4h744.90+0.092%$762K$335K20xas long as short