Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h +0.004%

Price spread now: Aster against GMX+0.003%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX QQQ/USD [ETH-USDC]	744.35	L −0.0106% / S +0.0209%	get 0.0013% / 1h	52m 04s	$25K	—	26x
Short	Aster QQQUSDT	744.36	0	get 0.0000% / 8h	5h 52m	$841K	$713K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now +0.003%Rate

Funding earned: $22.25
Price spread: +0.003% → 0.000%: $0.26
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: $2.51
Costs to cover: 0.200%
Break-even: 6.2 days

Slippage unknown: GMX: no order-book sample; Aster: live order book, 11 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 11 min ago	0.81 bp	4.8 bp −$5	6.2 bp −$62	25.9 bp −$2,585	doesn't fit

GMX: 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 27 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]long	L −0.0106% / S +0.0209%	1h	744.35	long leg	$25K	—	26x
Aster QQQUSDTshort	0.0000%	8h	744.36	+0.003%	$841K	$713K	20x
Bybit QQQUSDT	0.0000%	8h	744.40	+0.007%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.32	−0.003%	$21.7M	$26.3M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	744.46	+0.015%	$5.4M	$7.7M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	744.00	−0.046%	$3.3M	$20.4M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	744.46	+0.015%	$16.9M	$5.8M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	744.87	+0.071%	$2K	$2.0M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	744.68	+0.045%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	744.77	+0.057%	$360K	$1.4M	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps QQQ-USD.P	+0.0010%	1h	743.51	−0.112%	$4.2M	$1.9M	20x	as long as short
Lighter QQQ	+0.0032%	1h	744.12	−0.030%	$7.7M	$17.1M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.53	+0.025%	$37.3M	$78.4M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0032%	1h	743.88	−0.062%	$1.2M	$532K	20x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.49	−0.115%	$705K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.33	+0.132%	—	$337K	50x	as long as short
Variational Omni QQQ	+0.0052%	8h	744.38	+0.005%	$17.1M	$7.5M	—	as long as short
Binance QQQUSDT	+0.0075%	8h	744.35	+0.001%	$71.2M	$144.5M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	744.06	−0.038%	$3.4M	$414K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	744.08	−0.036%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.06	−0.038%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.61	−0.099%	$93K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0116%	1h	743.99	−0.048%	$1.5M	$923K	20x	as long as short
Phoenix QQQ	+0.0161%	1h	744.04	−0.041%	$38K	$66K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0172%	8h	744.62	+0.037%	$322K	$1.9M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0180%	1h	744.15	−0.026%	$425K	$149K	20x	as long as short
edgeX QQQUSDC	+0.0521%	4h	744.38	+0.005%	$761K	$334K	20x	as long as short