Funding arb · Price arb /

QQQ

RWAall QQQ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0104%/8h= +11.3% APRpaid last 24h +0.026%

Price spread now: Aevo against Aster−0.047%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.134%+$13 on $10k

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

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

Funding pays, the price is against you. Aevo is 0.047% cheaper against Aster than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 36 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster QQQUSDT	741.28	0.0000	pay 0.0000% / 8h	3h 31m	$843K	$592K	20x
Short	Aevo QQQ-PERP	740.94	0.0104	get 0.0013% / 1h	31m 48s	$92K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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 AsterbpFee AevobpOrdersPrice spread, now −0.047%Rate

Funding earned: $21.74
Price spread: −0.047% → 0.000%: −$4.65
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$6.91
Costs to cover: 0.240%
Break-even: 9.2 days

Slippage unknown: Aster: live order book, 16 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 Aster live order book, 16 min ago	0.47 bp	5.0 bp −$5	6.1 bp −$61	30.6 bp −$3,062	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
Ondo Perps QQQ-USD.P	−0.0218%	1h	740.20	−0.146%	$4.2M	$2.3M	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L −0.0039% / S +0.0157%	1h	741.53	+0.034%	$25K	—	26x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	741.33	+0.007%	$21.2M	$27.7M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	741.10	−0.024%	$3.1M	$34.0M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	742.08	+0.108%	$2K	$2.5M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	0.0000%	1h	741.45	+0.023%	$424K	$304K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	741.84	+0.076%	$256K	$32K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	741.71	+0.058%	$361K	$1.3M	10x	as long as short
Aster QQQUSDTlong	0.0000%	8h	741.28	long leg	$843K	$592K	20x
BloFin QQQ-USDT	+0.0012%	8h	741.46	+0.024%	$1.0M	$508K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx QQQ/USDC	+0.0015%	1h	741.64	+0.049%	$5.1M	$9.1M	25x	as long as short
Bybit QQQUSDT	+0.0018%	8h	741.58	+0.040%	$10.7M	$6.0M	50x	as long as short
Lighter QQQ	+0.0032%	1h	741.44	+0.022%	$7.9M	$21.8M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	741.91	+0.085%	$38.6M	$83.3M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	740.80	−0.065%	$736K	$1.5M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.22	+0.127%	—	$621K	50x	as long as short
Nado QQQ-PERP	+0.0047%	1h	741.31	+0.004%	$1.5M	$1.4M	20x	as long as short
Variational Omni QQQ	+0.0060%	8h	741.36	+0.010%	$17.2M	$10.5M	—	as long as short
Coinbase International QQQ-PERP-INTX	+0.0064%	1h	741.15	−0.018%	$1.2M	$853K	20x	as long as short
Phoenix QQQ	+0.0065%	1h	740.97	−0.042%	$38K	$73K	20x	as long as short
Binance QQQUSDT	+0.0083%	8h	741.51	+0.031%	$68.6M	$160.4M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.12	−0.022%	$3.4M	$447K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.10	−0.024%	$20K	$2.1M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.24	−0.005%	$7K	$15K	20x	as long as short
Aevo QQQ-PERPshort	+0.0104%	1h	740.94	−0.047%	$92K	$1K	10x
GRVT QQQ_USDT_Perp	+0.0151%	8h	741.47	+0.026%	$323K	$1.6M	10x	as long as short
Bitget QQQUSDT	+0.0245%	8h	741.52	+0.032%	$16.8M	$7.6M	20x	as long as short
edgeX QQQUSDC	+0.0564%	4h	741.36	+0.011%	$758K	$336K	20x	as long as short