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

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0244%/8h= −26.7% APRnext payment $0.31 per $10,000 · paid last 24h −0.035%
Price spread now: GMX against Vest−0.074%7-day average · 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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVest: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and GMX is 0.074% cheaper against Vest than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest QQQ-USD-PERP745.300.0046pay 0.0006% / 1h59m 15s$306K50x
ShortGMX QQQ/USD [ETH-USDC]744.75L −0.0092% / S +0.0199%pay 0.0025% / 1h59m 15s$25K26x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Vest. 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
−$51.29
Price spread: −0.074% → 0.000%
−$7.45
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee GMX: 6 bp × 2 orders
−$12
Net
−$72.74
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Vest no order-book sample
Sell GMX no order-book sample
Vest and 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 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−0.0293%1h743.10−0.295%$4.2M$2.0M20xas long as short
GMX QQQ/USD [ETH-USDC]shortL −0.0092% / S +0.0199%1h744.75−0.074%$25K26x
OKX QQQ-USDT-SWAP0.0000%8h744.52−0.105%$21.5M$25.3M50xas long as short
Gate QQQ_USDT0.0000%8h744.36−0.126%$3.2M$19.9M50xas long as short
SunX QQQ-USDT0.0000%8h745.21−0.012%$2K$2.1M10xas long as short
HTX QQQ-USDT0.0000%8h744.94−0.048%$257K$29K30xas long as short
Phemex QQQUSDT0.0000%8h745.09−0.028%$359K$1.4M10xas long as short
BloFin QQQ-USDT+0.0003%8h744.38−0.123%$1.1M$320K20xas long as short
Aster QQQUSDT+0.0023%8h744.66−0.086%$841K$713K20xas long as short
Bybit QQQUSDT+0.0025%8h744.74−0.075%$10.7M$5.0M50xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter QQQ+0.0032%1h744.51−0.106%$7.7M$17.6M30xas long as short
Lighter RH QQQ+0.0032%1h744.91−0.052%$37.4M$78.5M50xas long as short
Arcus QQQ-USD+0.0040%1h743.79−0.203%$748K$1.5M25xas long as short
Vest QQQ-USD-PERPlong+0.0046%1h745.30long leg$306K50x
Coinbase International QQQ-PERP-INTX+0.0048%1h744.09−0.162%$1.2M$545K20xas long as short
Variational Omni QQQ+0.0072%8h744.60−0.093%$17.1M$7.6Mas long as short
Nado QQQ-PERP+0.0098%1h744.41−0.120%$1.5M$1.1M20xas long as short
Binance QQQUSDT+0.0100%8h744.74−0.075%$71.3M$149.1M25xas long as short
KuCoin QQQUSDTM+0.0100%8h744.46−0.113%$3.4M$410K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h744.13−0.157%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h744.51−0.106%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h744.09−0.162%$93K$1K10xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0113%1h744.49−0.109%$425K$147K20xas long as short
Bitget QQQUSDT+0.0143%8h744.71−0.079%$16.9M$6.1M20xas long as short
RISEx QQQ/USDC+0.0168%1h744.80−0.066%$5.4M$8.2M25xas long as short
edgeX QQQUSDC+0.0216%4h744.53−0.104%$761K$337K20xas long as short
Phoenix QQQ+0.0258%1h744.24−0.142%$38K$66K20xas long as short
GRVT QQQ_USDT_Perp+0.0371%8h744.88−0.056%$318K$1.8M10xas long as short