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

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%
Price spread now: Coinbase International against Aster−0.075%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$210.207% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.195%+$20 on $10k
Price spread, last 4 days (all we have)+0.139%+$14 · spread now −0.075%, 7d avg −0.054%
Together, before fees+0.335%+ Points / potential airdropAster: Stage 5 · farm board+$33 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.021% cheaper against Aster than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.054%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster QQQUSDT742.830get 0.0000% / 8h3h 06m$824K$857K20x
ShortCoinbase International QQQ-PERP-INTX742.270get 0.0000% / 1h6m 10s$1.2M$538K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$0
Price spread: −0.075% → −0.054%
−$2.15
Slippage, 4 orders
−$2.65
Fee Aster: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$22.8
Costs to cover
0.207%
Break-even
never at this rate
Slippage from Aster: live order book, 47 min ago; Coinbase International: live order book, 2 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, 47 min ago0.81 bp4.9 bp −$55.7 bp −$5766.6 bp −$6,659doesn't fit
Sell Coinbase International live order book, 2 min ago0.07 bp5.2 bp −$57.2 bp −$72doesn'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
GMX QQQ/USD [ETH-USDC]L −0.0140% / S +0.0236%1h742.88+0.008%$25K26xas long as short
Ondo Perps QQQ-USD.P−0.0010%1h741.74−0.147%$4.2M$1.8M20xas long as short
BloFin QQQ-USDT−0.0003%8h742.86+0.004%$1.1M$246K20xas long as short
Aster QQQUSDTlong0.0000%8h742.83long leg$824K$857K20x
Binance QQQUSDT0.0000%8h742.88+0.007%$70.1M$143.7M25xas long as short
Bybit QQQUSDT0.0000%8h742.85+0.003%$10.7M$5.0M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h742.69−0.019%$21.6M$27.4M50xas long as short
Gate QQQ_USDT0.0000%8h742.20−0.085%$3.3M$21.3M50xas long as short
Bitget QQQUSDT0.0000%8h742.94+0.015%$16.7M$5.6M20xas long as short
Variational Omni QQQ0.0000%8h742.830.000%$17.1M$7.3Mas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX QQQ-USDT0.0000%8h743.36+0.072%$2K$1.9M10xas long as short
Deribit QQQ_USDC-PERPETUAL0.0000%1h742.45−0.051%$424K$151K20xas long as short
Coinbase International QQQ-PERP-INTXshort0.0000%1h742.27−0.075%$1.2M$538K20x
HTX QQQ-USDT0.0000%8h743.01+0.024%$257K$29K30xas long as short
Phemex QQQUSDT0.0000%8h743.14+0.042%$360K$1.6M10xas long as short
RISEx QQQ/USDC+0.0010%1h742.93+0.014%$5.4M$7.3M25xas long as short
Lighter QQQ+0.0032%1h742.68−0.020%$7.7M$15.9M30xas long as short
Lighter RH QQQ+0.0032%1h743.03+0.027%$36.9M$79.5M50xas long as short
Arcus QQQ-USD+0.0040%1h742.03−0.108%$704K$1.6M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h743.75+0.124%$337K50xas long as short
GRVT QQQ_USDT_Perp+0.0072%8h742.95+0.016%$320K$1.9M10xas long as short
KuCoin QQQUSDTM+0.0100%8h742.53−0.040%$3.4M$343K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h742.36−0.063%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h742.58−0.033%$12K$21K20xas long as short
Nado QQQ-PERP+0.0102%1h742.40−0.057%$1.5M$763K20xas long as short
Aevo QQQ-PERP+0.0104%1h742.06−0.104%$92K$1K10xas long as short
Phoenix QQQ+0.0118%1h742.42−0.055%$38K$66K20xas long as short
edgeX QQQUSDC+0.0178%4h742.80−0.004%$759K$334K20xas long as short