Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.011%

Price spread now: Aevo against Variational Omni−0.098%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Aevo is 0.098% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.098% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 3.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni QQQ	743.17	0	get 0.0000% / 8h	3h 16m	$17.1M	$7.3M	—
Short	Aevo QQQ-PERP	742.44	0.0104	get 0.0013% / 1h	16m 12s	$92K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Variational Omni. 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 Variational OmnibpFee AevobpOrdersPrice spread, now −0.098%Rate

Funding earned: $21.84
Price spread: −0.098% → 0.000%: −$9.83
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$3.99
Costs to cover: 0.160%
Break-even: 8.3 days

Slippage unknown: Variational Omni: RFQ quote, 3 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 Variational Omni RFQ quote, 3 min ago	1.90 bp	doesn't fit	2.6 bp −$26	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 −0.0138% / S +0.0235%	1h	743.26	+0.012%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0021%	1h	742.11	−0.143%	$4.2M	$1.8M	20x	as long as short
Aster QQQUSDT	0.0000%	8h	742.86	−0.043%	$824K	$857K	20x	as long as short
Binance QQQUSDT	0.0000%	8h	743.23	+0.007%	$70.3M	$142.8M	25x	as long as short
Bybit QQQUSDT	0.0000%	8h	743.28	+0.014%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	743.01	−0.022%	$21.5M	$27.3M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	742.53	−0.087%	$3.3M	$21.2M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	743.33	+0.021%	$16.9M	$5.5M	20x	as long as short
Variational Omni QQQlong	0.0000%	8h	743.17	long leg	$17.1M	$7.3M	—
SunX QQQ-USDT	0.0000%	8h	743.69	+0.069%	$1K	$1.9M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International QQQ-PERP-INTX	0.0000%	1h	742.78	−0.053%	$1.2M	$537K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	743.43	+0.034%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	743.45	+0.037%	$360K	$1.6M	10x	as long as short
BloFin QQQ-USDT	+0.0002%	8h	743.11	−0.009%	$1.1M	$246K	20x	as long as short
RISEx QQQ/USDC	+0.0010%	1h	743.35	+0.024%	$5.4M	$7.3M	25x	as long as short
Lighter QQQ	+0.0032%	1h	743.07	−0.014%	$7.7M	$15.8M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	743.40	+0.030%	$37.0M	$79.4M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	742.27	−0.122%	$705K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	744.14	+0.130%	—	$337K	50x	as long as short
GRVT QQQ_USDT_Perp	+0.0064%	8h	743.36	+0.024%	$320K	$1.9M	10x	as long as short
Nado QQQ-PERP	+0.0082%	1h	742.88	−0.040%	$1.5M	$756K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.89	−0.038%	$3.4M	$342K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.66	−0.069%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	742.97	−0.028%	$12K	$21K	20x	as long as short
Aevo QQQ-PERPshort	+0.0104%	1h	742.44	−0.098%	$92K	$1K	10x
Deribit QQQ_USDC-PERPETUAL	+0.0114%	1h	742.98	−0.026%	$424K	$151K	20x	as long as short
Phoenix QQQ	+0.0118%	1h	742.48	−0.094%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0638%	4h	743.13	−0.007%	$760K	$335K	20x	as long as short