Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.031%

Price spread now: Aevo against Gate−0.024%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.186%+$19 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 0.024% cheaper against Gate than usual: you would sell low and buy high (spread −0.024% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 18 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate QQQ_USDT	741.27	0	get 0.0000% / 8h	2h 26m	$3.3M	$21.3M	50x
Short	Aevo QQQ-PERP	741.09	0.0104	get 0.0013% / 1h	26m 24s	$92K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Gate. 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 GatebpFee AevobpOrdersPrice spread, now −0.024%Rate

Funding earned: $21.84
Price spread: −0.024% → 0.000%: −$2.39
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$11.55
Costs to cover: 0.310%
Break-even: 10.7 days

Slippage unknown: Gate: live order book, 2 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 Gate live order book, 2 min ago	0.07 bp	10.8 bp −$11	17.9 bp −$179	doesn't fit	doesn't fit
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 −0.0148% / S +0.0243%	1h	741.88	+0.083%	$25K	—	26x	as long as short
BloFin QQQ-USDT	−0.0019%	8h	741.68	+0.055%	$1.1M	$267K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	741.92	+0.088%	$823K	$857K	20x	as long as short
Binance QQQUSDT	0.0000%	8h	741.93	+0.089%	$69.9M	$143.7M	25x	as long as short
Bybit QQQUSDT	0.0000%	8h	741.88	+0.082%	$10.6M	$5.1M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	741.65	+0.051%	$21.6M	$28.0M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	741.89	+0.083%	$5.4M	$7.0M	25x	as long as short
Gate QQQ_USDTlong	0.0000%	8h	741.27	long leg	$3.3M	$21.3M	50x
Bitget QQQUSDT	0.0000%	8h	742.02	+0.101%	$16.6M	$5.7M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	741.96	+0.093%	$16.9M	$7.3M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX QQQ-USDT	0.0000%	8h	742.35	+0.146%	$2K	$1.8M	10x	as long as short
Coinbase International QQQ-PERP-INTX	0.0000%	1h	741.54	+0.036%	$1.2M	$539K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.18	+0.123%	$250K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	742.17	+0.121%	$361K	$1.6M	10x	as long as short
Lighter QQQ	+0.0032%	1h	741.78	+0.069%	$7.7M	$15.6M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.19	+0.124%	$36.8M	$79.8M	50x	as long as short
Ondo Perps QQQ-USD.P	+0.0033%	1h	740.81	−0.062%	$4.2M	$1.8M	20x	as long as short
Arcus QQQ-USD	+0.0040%	1h	740.98	−0.039%	$689K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.95	+0.227%	—	$337K	50x	as long as short
GRVT QQQ_USDT_Perp	+0.0082%	8h	742.19	+0.125%	$320K	$2.0M	10x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.63	+0.049%	$3.4M	$356K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.65	+0.051%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.63	+0.049%	$12K	$21K	20x	as long as short
Aevo QQQ-PERPshort	+0.0104%	1h	741.09	−0.024%	$92K	$1K	10x
Nado QQQ-PERP	+0.0125%	1h	741.58	+0.042%	$1.5M	$765K	20x	as long as short
Phoenix QQQ	+0.0129%	1h	741.77	+0.067%	$38K	$66K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0155%	1h	741.67	+0.054%	$424K	$152K	20x	as long as short
edgeX QQQUSDC	+0.0286%	4h	742.09	+0.110%	$759K	$336K	20x	as long as short