Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: SunX against Aevo+0.173%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.175%−$18 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. SunX is 0.173% dearer against Aevo than usual: you sell high and buy low (spread +0.173% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo QQQ-PERP	743.42	0.0104	pay 0.0013% / 1h	5m 50s	$93K	$1K	10x
Short	SunX QQQ-USDT	744.70	0	get 0.0000% / 8h	4h 05m	$2K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Aevo. 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 AevobpFee SunXbpOrdersPrice spread, now +0.173%Rate

Funding earned: −$21.84
Price spread: +0.173% → 0.000%: $17.25
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee SunX: 4 bp × 2 orders: −$8
Net: −$28.59
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; SunX: live order book, just now. 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 Aevo no order-book sample	—	—	—	—	—
Sell SunX live order book, just now	21.62 bp	38.1 bp −$38	doesn't fit	doesn't fit	doesn't fit

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 −0.0128% / S +0.0227%	1h	744.25	+0.113%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0125%	1h	743.28	−0.018%	$4.2M	$1.8M	20x	as long as short
Aster QQQUSDT	0.0000%	8h	744.28	+0.116%	$841K	$714K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.25	+0.112%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.03	+0.082%	$21.5M	$26.9M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	744.34	+0.125%	$5.4M	$7.4M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	743.73	+0.042%	$3.3M	$20.8M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	744.37	+0.128%	$16.9M	$5.6M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	744.12	+0.095%	$17.1M	$7.4M	—	as long as short
SunX QQQ-USDTshort	0.0000%	8h	744.70	+0.173%	$2K	$1.9M	10x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX QQQ-USDT	0.0000%	8h	744.63	+0.163%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	744.57	+0.155%	$361K	$1.5M	10x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0008%	1h	743.80	+0.051%	$1.2M	$536K	20x	as long as short
BloFin QQQ-USDT	+0.0019%	8h	744.09	+0.090%	$1.1M	$256K	20x	as long as short
Binance QQQUSDT	+0.0023%	8h	744.22	+0.108%	$71.0M	$141.3M	25x	as long as short
Lighter QQQ	+0.0032%	1h	744.07	+0.088%	$7.7M	$16.4M	30x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.54	+0.017%	$698K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.20	+0.240%	—	$337K	50x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0046%	1h	743.96	+0.073%	$425K	$150K	20x	as long as short
Lighter RH QQQ	+0.0048%	1h	744.47	+0.142%	$37.0M	$79.9M	50x	as long as short
GRVT QQQ_USDT_Perp	+0.0091%	8h	744.38	+0.129%	$316K	$1.9M	10x	as long as short
Nado QQQ-PERP	+0.0096%	1h	743.90	+0.065%	$1.5M	$812K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	743.90	+0.065%	$3.4M	$355K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	743.89	+0.064%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	743.99	+0.077%	$12K	$21K	20x	as long as short
Aevo QQQ-PERPlong	+0.0104%	1h	743.42	long leg	$93K	$1K	10x
Phoenix QQQ	+0.0129%	1h	743.81	+0.053%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0993%	4h	744.11	+0.093%	$761K	$334K	20x	as long as short