Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0083%/8hnext payment +$0.83 per $10,000 · paid last 24h +0.033%

Price spread now: BloFin against Aster−0.151%102s7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$210.215% of the position

Long on Aster Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.186%−$19 on $10k

Price spread, last 3 days (all we have)+0.183%+$18 · spread now −0.151%, 7d avg +0.003%

Together, before fees−0.003%+ Points / potential airdropAster: Stage 5 · farm board$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.154% cheaper against Aster than usual: you would sell low and buy high (spread −0.151% now, against its 7-day average of +0.003%). If the spread goes back, that is −$15 on $10k: about 6.2 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.186%, so the current rate has only just turned in your favour. The two prices were read 102 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster QQQUSDT	743.35	0.0037	pay 0.0037% / 8h	4h 21m	$847K	$585K	20x
Short	BloFin QQQ-USDT	742.23	0.0120	get 0.0120% / 8h	4h 21m	$1.1M	$511K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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

Position, each leg$Hold fordaysFee AsterbpFee BloFinbpOrdersPrice spread, now −0.151%Rate

Funding earned: $17.39
Price spread: −0.151% → +0.003%: −$15.41
Slippage, 4 orders: −$1.48
Fee Aster: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$19.5
Costs to cover: 0.215%
Break-even: 14.8 days

Slippage from Aster: live order book, 10 min ago; BloFin: live order book, 10 min ago.

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 Aster live order book, 10 min ago	0.07 bp	4.1 bp −$4	5.5 bp −$55	20.3 bp −$2,027	doesn't fit
Sell BloFin live order book, 10 min ago	0.14 bp	6.1 bp −$6	6.3 bp −$63	9.1 bp −$906	18.3 bp −$9,139

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	−0.0086%	1h	741.84	−0.204%	$4.2M	$2.3M	20x	as long as short
Arcus QQQ-USD	−0.0037%	1h	742.72	−0.085%	$758K	$1.5M	25x	as long as short
GMX QQQ/USD [ETH-USDC]	L −0.0027% / S +0.0135%	1h	743.28	−0.009%	$25K	—	53x	as long as short
Gate QQQ_USDT	−0.0019%	8h	742.74	−0.083%	$3.1M	$33.8M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	743.32	−0.005%	$21.3M	$26.1M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	743.48	+0.017%	$5.2M	$9.0M	25x	as long as short
SunX QQQ-USDT	0.0000%	8h	743.55	+0.026%	$2K	$2.4M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	743.16	−0.026%	$257K	$33K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	743.52	+0.022%	$362K	$1.3M	10x	as long as short
Phoenix QQQ	+0.0022%	1h	742.56	−0.107%	$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	743.31	−0.006%	$8.0M	$21.6M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	743.69	+0.045%	$39.2M	$84.3M	50x	as long as short
Aster QQQUSDTlong	+0.0037%	8h	743.35	long leg	$847K	$585K	20x
Vest QQQ-USD-PERP	+0.0046%	1h	743.83	+0.064%	—	$621K	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0064%	1h	742.77	−0.079%	$1.2M	$847K	20x	as long as short
Bybit QQQUSDT	+0.0064%	8h	743.49	+0.018%	$10.6M	$5.8M	50x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0073%	1h	743.13	−0.030%	$425K	$303K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	743.02	−0.045%	$3.4M	$440K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.60	−0.101%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	742.37	−0.132%	$7K	$15K	20x	as long as short
Variational Omni QQQ	+0.0101%	8h	742.68	−0.090%	$17.2M	$10.4M	—	as long as short
Aevo QQQ-PERP	+0.0104%	1h	742.63	−0.098%	$92K	$1K	10x	as long as short
Binance QQQUSDT	+0.0119%	8h	743.52	+0.023%	$69.8M	$155.1M	25x	as long as short
BloFin QQQ-USDTshort	+0.0120%	8h	742.23	−0.151%	$1.1M	$511K	20x
Nado QQQ-PERP	+0.0152%	1h	742.68	−0.090%	$1.5M	$1.4M	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0203%	8h	743.18	−0.024%	$322K	$1.5M	10x	as long as short
Bitget QQQUSDT	+0.0284%	8h	743.50	+0.020%	$16.9M	$7.5M	20x	as long as short
edgeX QQQUSDC	+0.0740%	4h	743.05	−0.040%	$760K	$335K	20x	as long as short