Funding arb · Price arb /

QQQ

RWAall QQQ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.016%

Price spread now: Vest against Orderly+0.163%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Vest

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 airdropVest: Active · farm boardneeds both histories

The price spread pays, funding is against you. Vest is 0.163% dearer against Orderly than usual: you sell high and buy low (spread +0.163% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 10.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_QQQ_USDC_mythos	743.82	0.0100	pay 0.0100% / 8h	6h 36m	$12K	$21K	20x
Short	Vest QQQ-USD-PERP	745.03	0.0046	get 0.0006% / 1h	36m 59s	—	$337K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Orderly. 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 OrderlybpFee VestbpOrdersPrice spread, now +0.163%Rate

Funding earned: −$11.41
Price spread: +0.163% → 0.000%: $16.27
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Vest: 1 bp × 2 orders: −$2
Net: −$3.14
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Vest: 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 Orderly no order-book sample	—	—	—	—	—
Sell Vest no order-book sample	—	—	—	—	—

Orderly and Vest: 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
Ondo Perps QQQ-USD.P	−0.0168%	1h	743.00	−0.110%	$4.2M	$1.9M	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L −0.0097% / S +0.0202%	1h	744.05	+0.032%	$25K	—	26x	as long as short
Bybit QQQUSDT	0.0000%	8h	743.95	+0.017%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	743.78	−0.005%	$21.5M	$25.5M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	743.73	−0.012%	$3.2M	$21.6M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	744.61	+0.106%	$2K	$2.1M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	744.08	+0.035%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	744.13	+0.042%	$360K	$1.4M	10x	as long as short
Aster QQQUSDT	+0.0011%	8h	743.98	+0.021%	$841K	$712K	20x	as long as short
BloFin QQQ-USDT	+0.0026%	8h	744.31	+0.066%	$1.1M	$319K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter QQQ	+0.0032%	1h	743.74	−0.011%	$7.7M	$17.7M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.15	+0.044%	$37.4M	$79.6M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.17	−0.087%	$703K	$1.6M	25x	as long as short
Vest QQQ-USD-PERPshort	+0.0046%	1h	745.03	+0.163%	—	$337K	50x
Coinbase International QQQ-PERP-INTX	+0.0048%	1h	743.52	−0.040%	$1.2M	$535K	20x	as long as short
Variational Omni QQQ	+0.0065%	8h	744.04	+0.030%	$17.1M	$7.6M	—	as long as short
Bitget QQQUSDT	+0.0074%	8h	744.05	+0.031%	$16.9M	$5.9M	20x	as long as short
Binance QQQUSDT	+0.0087%	8h	743.97	+0.020%	$71.1M	$147.6M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	743.76	−0.008%	$3.4M	$406K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	743.71	−0.015%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythoslong	+0.0100%	8h	743.82	long leg	$12K	$21K	20x
Aevo QQQ-PERP	+0.0104%	1h	743.28	−0.072%	$93K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0121%	1h	743.76	−0.008%	$1.5M	$1.0M	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0127%	1h	743.79	−0.004%	$425K	$148K	20x	as long as short
RISEx QQQ/USDC	+0.0168%	1h	744.17	+0.047%	$5.4M	$8.2M	25x	as long as short
Phoenix QQQ	+0.0183%	1h	743.66	−0.022%	$38K	$66K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0230%	8h	744.26	+0.060%	$318K	$1.8M	10x	as long as short
edgeX QQQUSDC	+0.0751%	4h	743.92	+0.014%	$761K	$334K	20x	as long as short