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

QQQ

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0211%/8h= +23.1% APRpaid last 24h +0.060%
Price spread now: edgeX against Aster−0.018%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$280.278% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.056%+$6 on $10k
Price spread, last 4 days (all we have)+0.018%+$2 · spread now −0.018%, 7d avg −0.007%
Together, before fees+0.074%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board+$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.056% in total (about 2.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster QQQUSDT742.020get 0.0000% / 8h1h 43m$823K$858K20x
ShortedgeX QQQUSDC741.890.0211get 0.0105% / 4h1h 43m$759K$336K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
$44.21
Price spread: −0.018% → −0.007%
−$1.11
Slippage, 4 orders
−$10.83
Fee Aster: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$15.27
Costs to cover
0.278%
Break-even
4.6 days
Slippage from Aster: live order book, 64 min ago; edgeX: live order book, 65 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 64 min ago0.88 bp5.5 bp −$65.8 bp −$5826.7 bp −$2,673doesn't fit
Sell edgeX live order book, 65 min ago4.11 bp8.7 bp −$99.7 bp −$97doesn't fitdoesn't fit

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
GMX QQQ/USD [ETH-USDC]L −0.0157% / S +0.0250%1h742.05+0.005%$25K26xas long as short
Ondo Perps QQQ-USD.P−0.0034%1h740.78−0.167%$4.2M$1.8M20xas long as short
Aster QQQUSDTlong0.0000%8h742.02long leg$823K$858K20x
Bybit QQQUSDT0.0000%8h741.97−0.006%$10.5M$5.2M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h741.89−0.017%$21.5M$28.4M50xas long as short
RISEx QQQ/USDC0.0000%1h741.98−0.005%$5.5M$6.3M25xas long as short
Gate QQQ_USDT0.0000%8h741.34−0.091%$3.3M$21.5M50xas long as short
Bitget QQQUSDT0.0000%8h742.18+0.022%$16.6M$5.6M20xas long as short
Variational Omni QQQ0.0000%8h741.92−0.014%$16.9M$7.3Mas long as short
SunX QQQ-USDT0.0000%8h742.51+0.066%$2K$1.8M10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX QQQ-USDT0.0000%8h742.64+0.084%$251K$41K30xas long as short
Phemex QQQUSDT0.0000%8h742.32+0.041%$361K$1.6M10xas long as short
Binance QQQUSDT+0.0001%8h742.13+0.015%$70.1M$145.5M25xas long as short
BloFin QQQ-USDT+0.0012%8h741.74−0.037%$1.1M$278K20xas long as short
Coinbase International QQQ-PERP-INTX+0.0016%1h741.73−0.039%$1.2M$550K20xas long as short
Lighter QQQ+0.0032%1h741.83−0.025%$7.6M$15.4M30xas long as short
Lighter RH QQQ+0.0040%1h742.30+0.038%$36.9M$79.9M50xas long as short
Arcus QQQ-USD+0.0040%1h741.11−0.122%$686K$1.6M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h742.90+0.119%$337K50xas long as short
KuCoin QQQUSDTM+0.0100%8h741.68−0.046%$3.4M$350K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h741.61−0.055%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h741.72−0.040%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h741.24−0.105%$92K$1K10xas long as short
GRVT QQQ_USDT_Perp+0.0109%8h742.27+0.034%$318K$2.0M10xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0128%1h741.72−0.040%$424K$154K20xas long as short
Nado QQQ-PERP+0.0144%1h741.46−0.074%$1.5M$758K20xas long as short
Phoenix QQQ+0.0205%1h741.77−0.033%$38K$66K20xas long as short
edgeX QQQUSDCshort+0.0211%4h741.89−0.018%$759K$336K20x