Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: Aster against Bybit−0.052%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$260.258% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.052%, 7d avg −0.026%

Together, before fees+0.045%+ Points / potential airdropAster: Stage 5 · farm board+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.026% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit QQQUSDT	743.03	0	get 0.0000% / 8h	2h 04m	$10.6M	$5.2M	50x
Short	Aster QQQUSDT	742.64	0	get 0.0000% / 8h	2h 04m	$824K	$857K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now −0.052%Rate

Funding earned: $0
Price spread: −0.052% → −0.026%: −$2.6
Slippage, 4 orders: −$6.76
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$28.36
Costs to cover: 0.258%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Aster: live order book, 43 min ago.

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 Bybit live order book, 3 min ago	0.07 bp	7.7 bp −$8	12.9 bp −$129	88.6 bp −$8,855	doesn't fit
Sell Aster live order book, 43 min ago	0.88 bp	5.0 bp −$5	8.4 bp −$84	30.6 bp −$3,056	doesn't fit

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 −0.0153% / S +0.0246%	1h	743.11	+0.010%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0008%	1h	741.84	−0.160%	$4.2M	$1.8M	20x	as long as short
Aster QQQUSDTshort	0.0000%	8h	742.64	−0.052%	$824K	$857K	20x
Binance QQQUSDT	0.0000%	8h	742.97	−0.008%	$70.3M	$145.1M	25x	as long as short
Bybit QQQUSDTlong	0.0000%	8h	743.03	long leg	$10.6M	$5.2M	50x
OKX QQQ-USDT-SWAP	0.0000%	8h	742.80	−0.031%	$21.5M	$28.3M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	743.00	−0.004%	$5.4M	$6.6M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	742.31	−0.097%	$3.3M	$21.4M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	743.15	+0.016%	$16.6M	$5.6M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	742.98	−0.006%	$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	743.58	+0.074%	$2K	$1.8M	10x	as long as short
Coinbase International QQQ-PERP-INTX	0.0000%	1h	742.63	−0.054%	$1.2M	$541K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	743.32	+0.039%	$251K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	743.59	+0.075%	$362K	$1.6M	10x	as long as short
BloFin QQQ-USDT	+0.0027%	8h	742.82	−0.028%	$1.1M	$278K	20x	as long as short
Lighter QQQ	+0.0032%	1h	742.82	−0.028%	$7.6M	$15.8M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	743.23	+0.027%	$37.0M	$81.0M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	742.18	−0.114%	$689K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	744.00	+0.131%	—	$337K	50x	as long as short
GRVT QQQ_USDT_Perp	+0.0097%	8h	743.30	+0.036%	$315K	$2.0M	10x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.69	−0.046%	$3.4M	$365K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.73	−0.040%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	742.75	−0.038%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	742.28	−0.101%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0122%	1h	742.66	−0.050%	$1.5M	$750K	20x	as long as short
Phoenix QQQ	+0.0129%	1h	742.79	−0.032%	$38K	$66K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0262%	1h	742.92	−0.015%	$424K	$153K	20x	as long as short
edgeX QQQUSDC	+0.0567%	4h	743.11	+0.010%	$760K	$335K	20x	as long as short