Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.014%

Price spread now: Aevo against Binance−0.138%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.204%+$20 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.138% cheaper against Binance than usual: you would sell low and buy high (spread −0.138% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 6.9 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	Binance QQQUSDT	741.26	0.0037	pay 0.0037% / 8h	7h 16m	$70.4M	$141.3M	25x
Short	Aevo QQQ-PERP	740.24	0.0104	get 0.0013% / 1h	16m 36s	$92K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Binance. 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 BinancebpFee AevobpOrdersPrice spread, now −0.138%Rate

Funding earned: $14.07
Price spread: −0.138% → 0.000%: −$13.8
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$25.73
Costs to cover: 0.260%
Break-even: 19.8 days

Slippage unknown: Binance: live order book, 12 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 Binance live order book, 12 min ago	0.07 bp	5.1 bp −$5	5.3 bp −$53	10.4 bp −$1,041	29.3 bp −$14.6K
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
GMX QQQ/USD [ETH-USDC]	L −0.0188% / S +0.0273%	1h	741.16	−0.013%	$25K	—	26x	as long as short
Aster QQQUSDT	0.0000%	8h	741.09	−0.023%	$856K	$903K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	741.12	−0.019%	$21.6M	$30.1M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	740.94	−0.044%	$5.4M	$5.7M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	740.67	−0.080%	$3.3M	$20.8M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	741.41	+0.020%	$16.5M	$5.1M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	741.68	+0.056%	$2K	$1.6M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	741.42	+0.021%	$250K	$38K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	741.42	+0.021%	$362K	$1.6M	10x	as long as short
BloFin QQQ-USDT	+0.0002%	8h	740.91	−0.048%	$1.1M	$279K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni QQQ	+0.0003%	8h	740.38	−0.120%	$16.7M	$7.2M	—	as long as short
Bybit QQQUSDT	+0.0010%	8h	741.48	+0.029%	$10.6M	$5.0M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0024%	1h	740.40	−0.117%	$1.2M	$502K	20x	as long as short
Lighter QQQ	+0.0032%	1h	741.07	−0.026%	$7.6M	$15.5M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	741.46	+0.026%	$37.7M	$80.5M	50x	as long as short
Binance QQQUSDTlong	+0.0037%	8h	741.26	long leg	$70.4M	$141.3M	25x
Arcus QQQ-USD	+0.0040%	1h	740.51	−0.102%	$647K	$1.4M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.07	+0.109%	—	$337K	50x	as long as short
Ondo Perps QQQ-USD.P	+0.0050%	1h	739.35	−0.258%	$4.2M	$1.8M	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	740.79	−0.064%	$3.4M	$395K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	739.88	−0.187%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	740.90	−0.049%	$12K	$21K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0101%	1h	740.90	−0.049%	$423K	$128K	20x	as long as short
Aevo QQQ-PERPshort	+0.0104%	1h	740.24	−0.138%	$92K	$1K	10x
Nado QQQ-PERP	+0.0147%	1h	740.69	−0.077%	$1.6M	$748K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0213%	8h	740.89	−0.050%	$314K	$2.0M	10x	as long as short
Phoenix QQQ	+0.0248%	1h	740.16	−0.149%	$38K	$65K	20x	as long as short
edgeX QQQUSDC	+0.0610%	4h	740.62	−0.087%	$757K	$336K	20x	as long as short