Settings8H · net · $10k
Funding arb · Price arb /

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0311%/8h= −34.1% APRnext payment $0.39 per $10,000 · paid last 24h −0.049%
Price spread now: GMX against Vest−0.119%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVest: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and GMX is 0.119% cheaper against Vest than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest QQQ-USD-PERP742.810.0046pay 0.0006% / 1h4m 06s$337K50x
ShortGMX QQQ/USD [ETH-USDC]741.92L −0.0178% / S +0.0266%pay 0.0033% / 1h4m 06s$25K26x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Vest. 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
−$65.4
Price spread: −0.119% → 0.000%
−$11.91
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee GMX: 6 bp × 2 orders
−$12
Net
−$91.32
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Vest no order-book sample
Sell GMX no order-book sample
Vest and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX QQQ/USD [ETH-USDC]shortL −0.0178% / S +0.0266%1h741.92−0.119%$25K26x
Ondo Perps QQQ-USD.P−0.0112%1h740.83−0.267%$4.2M$1.8M20xas long as short
Gate QQQ_USDT−0.0095%8h741.29−0.205%$3.3M$21.7M50xas long as short
BloFin QQQ-USDT−0.0003%8h741.56−0.168%$1.1M$275K20xas long as short
Aster QQQUSDT0.0000%8h741.83−0.131%$824K$864K20xas long as short
Bybit QQQUSDT0.0000%8h741.85−0.129%$10.7M$5.0M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h741.67−0.153%$21.5M$28.4M50xas long as short
RISEx QQQ/USDC0.0000%1h741.62−0.160%$5.4M$5.9M25xas long as short
Bitget QQQUSDT0.0000%8h741.94−0.117%$16.5M$5.3M20xas long as short
Variational Omni QQQ0.0000%8h741.74−0.143%$16.8M$7.2Mas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX QQQ-USDT0.0000%8h742.23−0.078%$2K$1.7M10xas long as short
HTX QQQ-USDT0.0000%8h742.03−0.105%$251K$41K30xas long as short
Phemex QQQUSDT0.0000%8h742.22−0.079%$359K$1.6M10xas long as short
Coinbase International QQQ-PERP-INTX+0.0016%1h741.19−0.218%$1.2M$487K20xas long as short
Binance QQQUSDT+0.0026%8h741.91−0.122%$70.3M$140.5M25xas long as short
Lighter QQQ+0.0032%1h741.70−0.149%$7.7M$15.4M30xas long as short
Lighter RH QQQ+0.0032%1h742.04−0.104%$37.4M$81.7M50xas long as short
Arcus QQQ-USD+0.0040%1h740.90−0.257%$647K$1.7M25xas long as short
Vest QQQ-USD-PERPlong+0.0046%1h742.81long leg$337K50x
KuCoin QQQUSDTM+0.0100%8h741.41−0.188%$3.4M$357K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h741.25−0.210%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h741.59−0.164%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h741.09−0.232%$92K$1K10xas long as short
Nado QQQ-PERP+0.0139%1h741.38−0.193%$1.6M$746K20xas long as short
GRVT QQQ_USDT_Perp+0.0145%8h741.92−0.120%$314K$2.0M10xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0182%1h741.72−0.147%$424K$156K20xas long as short
Phoenix QQQ+0.0227%1h741.45−0.183%$38K$65K20xas long as short
edgeX QQQUSDC+0.0684%4h741.62−0.160%$758K$336K20xas long as short