Funding arb · Price arb /

QQQ

RWAall QQQ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0073%/8h= +8.0% APRpaid last 24h +0.014%

Price spread now: Aevo against Binance−0.108%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.204%+$20 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.108% cheaper against Binance than usual: you would sell low and buy high (spread −0.108% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 4.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance QQQUSDT	740.22	0.0031	pay 0.0031% / 8h	7h 36m	$70.0M	$139.6M	25x
Short	Aevo QQQ-PERP	739.42	0.0104	get 0.0013% / 1h	36m 19s	$92K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Binance. 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 BinancebpFee AevobpOrdersPrice spread, now −0.108%Rate

Funding earned: $15.32
Price spread: −0.108% → 0.000%: −$10.82
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$21.5
Costs to cover: 0.260%
Break-even: 16.8 days

Slippage unknown: Binance: live order book, 7 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 Binance live order book, 7 min ago	0.07 bp	5.1 bp −$5	5.1 bp −$51	9.6 bp −$965	30.2 bp −$15.1K
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
GMX QQQ/USD [ETH-USDC]	L −0.0184% / S +0.0270%	1h	740.23	+0.001%	$25K	—	26x	as long as short
Aster QQQUSDT	0.0000%	8h	740.25	+0.004%	$822K	$865K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	739.94	−0.038%	$21.6M	$28.2M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	739.96	−0.035%	$5.4M	$5.7M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	739.59	−0.085%	$3.4M	$20.6M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	740.23	+0.001%	$16.5M	$5.1M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	740.55	+0.045%	$1K	$1.7M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	740.70	+0.065%	$250K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	740.83	+0.082%	$365K	$1.6M	10x	as long as short
Variational Omni QQQ	+0.0001%	8h	740.33	+0.015%	$16.7M	$7.2M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin QQQ-USDT	+0.0006%	8h	740.22	0.000%	$1.1M	$274K	20x	as long as short
edgeX QQQUSDC	+0.0010%	4h	740.44	+0.030%	$757K	$335K	20x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0024%	1h	739.68	−0.073%	$1.2M	$492K	20x	as long as short
Bybit QQQUSDT	+0.0025%	8h	740.14	−0.011%	$10.7M	$4.9M	50x	as long as short
Binance QQQUSDTlong	+0.0031%	8h	740.22	long leg	$70.0M	$139.6M	25x
Lighter QQQ	+0.0032%	1h	739.81	−0.055%	$7.6M	$15.2M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	740.27	+0.007%	$37.5M	$79.5M	50x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0034%	1h	739.99	−0.031%	$423K	$158K	20x	as long as short
Arcus QQQ-USD	+0.0040%	1h	739.28	−0.127%	$646K	$1.7M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	741.05	+0.112%	—	$337K	50x	as long as short
Ondo Perps QQQ-USD.P	+0.0050%	1h	739.24	−0.132%	$4.2M	$1.8M	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	739.75	−0.063%	$3.4M	$380K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	739.90	−0.043%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	739.98	−0.032%	$12K	$21K	20x	as long as short
Aevo QQQ-PERPshort	+0.0104%	1h	739.42	−0.108%	$92K	$1K	10x
Nado QQQ-PERP	+0.0150%	1h	739.81	−0.055%	$1.6M	$742K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0184%	8h	740.55	+0.045%	$326K	$2.0M	10x	as long as short
Phoenix QQQ	+0.0248%	1h	740.22	0.000%	$38K	$65K	20x	as long as short