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

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0006%/8h= +0.6% APRnext payment +$0.06 per $10,000 · paid last 24h +0.015%
Price spread now: Variational Omni against Aster−0.014%7-day average −0.003% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.024%+$2 on $10k
Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.014%, 7d avg −0.003%
Together, before fees+0.041%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board+$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster QQQUSDT744.490get 0.0000% / 8h4h 38m$841K$714K20x
ShortVariational Omni QQQ744.390.0006get 0.0006% / 8h4h 38m$17.1M$7.5M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational 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
$1.24
Price spread: −0.014% → −0.003%
−$1.11
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$7.88
Costs to cover
0.080%
Break-even
51.5 days
Slippage unknown: Aster: live order book, 20 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

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, 20 min ago0.81 bp4.8 bp −$56.1 bp −$6128.6 bp −$2,859doesn't fit
Sell Variational Omni RFQ quote, 1 min ago1.90 bpdoesn't fit2.0 bp −$20doesn'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−0.0131%1h742.94−0.208%$4.2M$1.8M20xas long as short
GMX QQQ/USD [ETH-USDC]L −0.0121% / S +0.0221%1h744.500.000%$25K26xas long as short
Aster QQQUSDTlong0.0000%8h744.49long leg$841K$714K20x
Bybit QQQUSDT0.0000%8h744.43−0.008%$10.7M$5.0M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h744.29−0.027%$21.5M$26.9M50xas long as short
RISEx QQQ/USDC0.0000%1h744.54+0.007%$5.4M$7.5M25xas long as short
Gate QQQ_USDT0.0000%8h743.90−0.079%$3.3M$20.8M50xas long as short
Bitget QQQUSDT0.0000%8h744.59+0.013%$16.9M$5.7M20xas long as short
SunX QQQ-USDT0.0000%8h744.94+0.060%$2K$1.9M10xas long as short
HTX QQQ-USDT0.0000%8h744.70+0.028%$257K$29K30xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex QQQUSDT0.0000%8h744.65+0.021%$360K$1.5M10xas long as short
Variational Omni QQQshort+0.0006%8h744.39−0.014%$17.1M$7.5M
BloFin QQQ-USDT+0.0008%8h744.29−0.027%$1.1M$271K20xas long as short
Coinbase International QQQ-PERP-INTX+0.0008%1h743.96−0.071%$1.2M$536K20xas long as short
Lighter QQQ+0.0032%1h744.32−0.023%$7.7M$16.3M30xas long as short
Arcus QQQ-USD+0.0040%1h743.69−0.108%$702K$1.6M25xas long as short
Binance QQQUSDT+0.0042%8h744.490.000%$71.1M$141.8M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h745.46+0.130%$337K50xas long as short
Lighter RH QQQ+0.0048%1h744.79+0.040%$36.9M$78.9M50xas long as short
Nado QQQ-PERP+0.0098%1h744.18−0.042%$1.5M$876K20xas long as short
KuCoin QQQUSDTM+0.0100%8h744.13−0.049%$3.4M$390K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h744.20−0.039%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h744.24−0.034%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h743.68−0.109%$93K$1K10xas long as short
GRVT QQQ_USDT_Perp+0.0114%8h744.62+0.017%$319K$1.9M10xas long as short
Phoenix QQQ+0.0129%1h744.09−0.054%$38K$66K20xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0220%1h744.42−0.010%$425K$149K20xas long as short
edgeX QQQUSDC+0.0728%4h744.46−0.004%$761K$333K20xas long as short