Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0250%/8h= −27.4% APRpaid last 24h −0.037%

Price spread now: GMX against Aster+0.018%51s7-day average — · you sell dearer than you buy

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

Long on Aster Short on GMX

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 airdropAster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$7 a day on $10k at the current rate. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster QQQUSDT	741.82	0	get 0.0000% / 8h	1h 41m	$823K	$858K	20x
Short	GMX QQQ/USD [ETH-USDC]	741.96	L −0.0158% / S +0.0250%	pay 0.0031% / 1h	41m 26s	$25K	—	26x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$52.47
Price spread: +0.018% → 0.000%: $1.77
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$70.7
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 1 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 1 min ago	0.54 bp	5.5 bp −$5	6.2 bp −$62	28.9 bp −$2,890	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX QQQ/USD [ETH-USDC]short	L −0.0158% / S +0.0250%	1h	741.96	+0.018%	$25K	—	26x
Ondo Perps QQQ-USD.P	−0.0030%	1h	740.94	−0.119%	$4.2M	$1.8M	20x	as long as short
BloFin QQQ-USDT	−0.0008%	8h	741.86	+0.005%	$1.1M	$278K	20x	as long as short
Gate QQQ_USDT	−0.0001%	8h	741.27	−0.075%	$3.3M	$21.5M	50x	as long as short
Aster QQQUSDTlong	0.0000%	8h	741.82	long leg	$823K	$858K	20x
Bybit QQQUSDT	0.0000%	8h	741.91	+0.012%	$10.5M	$5.2M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	741.68	−0.019%	$21.5M	$28.3M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	741.72	−0.014%	$5.5M	$6.3M	25x	as long as short
Bitget QQQUSDT	0.0000%	8h	742.00	+0.024%	$16.6M	$5.6M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	741.92	+0.012%	$16.9M	$7.3M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX QQQ-USDT	0.0000%	8h	742.41	+0.079%	$2K	$1.8M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.64	+0.110%	$251K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	742.22	+0.053%	$360K	$1.6M	10x	as long as short
Binance QQQUSDT	+0.0001%	8h	741.88	+0.008%	$70.1M	$145.4M	25x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0016%	1h	741.73	−0.013%	$1.2M	$550K	20x	as long as short
Lighter QQQ	+0.0032%	1h	741.70	−0.017%	$7.6M	$15.4M	30x	as long as short
Lighter RH QQQ	+0.0040%	1h	742.10	+0.037%	$36.9M	$80.0M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.05	−0.104%	$686K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.82	+0.134%	—	$337K	50x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.53	−0.040%	$3.4M	$352K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.52	−0.041%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.66	−0.022%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.20	−0.084%	$92K	$1K	10x	as long as short
GRVT QQQ_USDT_Perp	+0.0111%	8h	742.20	+0.051%	$318K	$2.0M	10x	as long as short
Nado QQQ-PERP	+0.0145%	1h	741.52	−0.040%	$1.5M	$758K	20x	as long as short
Phoenix QQQ	+0.0205%	1h	741.77	−0.007%	$38K	$66K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0209%	1h	741.73	−0.013%	$424K	$154K	20x	as long as short
edgeX QQQUSDC	+0.0211%	4h	741.89	+0.008%	$759K	$336K	20x	as long as short