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+0.0003%/8h= +0.4% APRnext payment +$0.03 per $10,000 · paid last 24h +0.005%
Price spread now: Aster against Gate−0.030%7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$290.295% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.052%+$5 on $10k
Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.030%, 7d avg +0.023%
Together, before fees+0.075%+ Points / potential airdropAster: Stage 5 · farm board+$8 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 0.052% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.023%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate QQQ_USDT744.440get 0.0000% / 8h7h 25m$3.3M$27.7M50x
ShortAster QQQUSDT744.220.0003get 0.0003% / 8h7h 25m$841K$714K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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
$0.68
Price spread: −0.030% → +0.023%
−$5.24
Slippage, 4 orders
−$6.46
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Aster: 4 bp × 2 orders
−$8
Net
−$34.02
Costs to cover
0.295%
Break-even
354.8 days
Slippage from Gate: live order book, 3 min ago; Aster: live order book, 47 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 Gate live order book, 3 min ago0.07 bp10.8 bp −$1116.0 bp −$160doesn't fitdoesn't fit
Sell Aster live order book, 47 min ago0.27 bp4.3 bp −$45.3 bp −$5326.1 bp −$2,606doesn'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
Ondo Perps QQQ-USD.P−0.0356%1h743.42−0.137%$4.2M$2.1M20xas long as short
GMX QQQ/USD [ETH-USDC]L −0.0086% / S +0.0194%1h744.85+0.054%$25K26xas long as short
Bybit QQQUSDT0.0000%8h744.83+0.052%$10.7M$4.9M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h744.58+0.019%$21.5M$25.3M50xas long as short
Gate QQQ_USDTlong0.0000%8h744.44long leg$3.3M$27.7M50x
SunX QQQ-USDT0.0000%8h745.35+0.122%$2K$2.2M10xas long as short
HTX QQQ-USDT0.0000%8h745.42+0.132%$258K$29K30xas long as short
Phemex QQQUSDT0.0000%8h745.11+0.090%$361K$1.4M10xas long as short
Aster QQQUSDTshort+0.0003%8h744.22−0.030%$841K$714K20x
BloFin QQQ-USDT+0.0023%8h744.39−0.007%$1.1M$318K20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter QQQ+0.0032%1h744.50+0.008%$7.7M$18.4M30xas long as short
Lighter RH QQQ+0.0032%1h744.91+0.063%$37.4M$80.2M50xas long as short
Arcus QQQ-USD+0.0040%1h744.02−0.056%$748K$1.5M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h745.26+0.110%$306K50xas long as short
Variational Omni QQQ+0.0052%8h744.72+0.038%$17.1M$9.6Mas long as short
Coinbase International QQQ-PERP-INTX+0.0064%1h744.61+0.023%$1.2M$549K20xas long as short
Binance QQQUSDT+0.0080%8h744.73+0.039%$71.1M$152.0M25xas long as short
KuCoin QQQUSDTM+0.0100%8h744.33−0.015%$3.4M$410K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h744.53+0.012%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h744.55+0.015%$12K$21K20xas long as short
Nado QQQ-PERP+0.0101%1h744.45+0.001%$1.5M$1.2M20xas long as short
Aevo QQQ-PERP+0.0104%1h744.13−0.042%$93K$1K10xas long as short
Bitget QQQUSDT+0.0180%8h744.83+0.052%$16.9M$6.5M20xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0193%1h744.71+0.036%$425K$147K20xas long as short
RISEx QQQ/USDC+0.0208%1h744.76+0.043%$5.4M$8.6M25xas long as short
Phoenix QQQ+0.0258%1h744.03−0.055%$38K$66K20xas long as short
GRVT QQQ_USDT_Perp+0.0304%8h745.05+0.082%$317K$1.8M10xas long as short
edgeX QQQUSDC+0.0961%4h744.90+0.062%$762K$335K20xas long as short