Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.016%

Price spread now: Orderly against Vest−0.181%7-day average — · you buy dearer than you sell

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

Long on Vest Short on Orderly

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 airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.181% cheaper against Vest than usual: you would sell low and buy high (spread −0.181% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 11 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	Vest QQQ-USD-PERP	744.20	0.0046	pay 0.0006% / 1h	38m 47s	—	$337K	50x
Short	Orderly PERP_QQQ_USDC_mythos	742.85	0.0100	get 0.0100% / 8h	3h 38m	$12K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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

Position, each leg$Hold fordaysFee VestbpFee OrderlybpOrdersPrice spread, now −0.181%Rate

Funding earned: $11.41
Price spread: −0.181% → 0.000%: −$18.14
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$14.73
Costs to cover: 0.080%
Break-even: 16.0 days

Slippage unknown: Vest: no order-book sample; Orderly: 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 Vest no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Vest and Orderly: 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 −0.0133% / S +0.0231%	1h	743.18	−0.136%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0041%	1h	742.40	−0.242%	$4.2M	$1.8M	20x	as long as short
BloFin QQQ-USDT	−0.0027%	8h	743.11	−0.146%	$1.1M	$256K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	743.10	−0.148%	$840K	$714K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	743.09	−0.149%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	743.00	−0.161%	$21.4M	$26.9M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	742.78	−0.191%	$3.3M	$20.9M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	743.36	−0.113%	$16.9M	$5.5M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	743.22	−0.131%	$17.1M	$7.3M	—	as long as short
SunX QQQ-USDT	0.0000%	8h	743.60	−0.081%	$2K	$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	742.64	−0.210%	$1.2M	$536K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	743.57	−0.085%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	743.12	−0.145%	$359K	$1.6M	10x	as long as short
Binance QQQUSDT	+0.0006%	8h	743.18	−0.137%	$70.8M	$141.3M	25x	as long as short
RISEx QQQ/USDC	+0.0010%	1h	743.29	−0.123%	$5.4M	$7.3M	25x	as long as short
Lighter QQQ	+0.0032%	1h	743.06	−0.153%	$7.7M	$15.8M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	743.41	−0.106%	$37.0M	$78.7M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	742.68	−0.204%	$702K	$1.6M	25x	as long as short
Vest QQQ-USD-PERPlong	+0.0046%	1h	744.20	long leg	—	$337K	50x
GRVT QQQ_USDT_Perp	+0.0072%	8h	743.44	−0.102%	$315K	$1.9M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0073%	1h	742.91	−0.173%	$424K	$150K	20x	as long as short
Nado QQQ-PERP	+0.0091%	1h	742.94	−0.169%	$1.5M	$769K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.92	−0.172%	$3.4M	$339K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	743.28	−0.124%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythosshort	+0.0100%	8h	742.85	−0.181%	$12K	$21K	20x
Aevo QQQ-PERP	+0.0104%	1h	742.35	−0.249%	$92K	$1K	10x	as long as short
Phoenix QQQ	+0.0118%	1h	743.10	−0.148%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0938%	4h	743.35	−0.114%	$760K	$334K	20x	as long as short