Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.016%

Price spread now: Orderly against Vest−0.162%7-day average — · you buy dearer than you sell

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

Long on Vest Short on Orderly

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

Funding pays, the price is against you. Orderly is 0.162% cheaper against Vest than usual: you would sell low and buy high (spread −0.162% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 10.0 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	Vest QQQ-USD-PERP	745.20	0.0046	pay 0.0006% / 1h	10m 37s	—	$337K	50x
Short	Orderly PERP_QQQ_USDC_mythos	743.99	0.0100	get 0.0100% / 8h	4h 10m	$12K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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

Position, each leg$Hold fordaysFee VestbpFee OrderlybpOrdersPrice spread, now −0.162%Rate

Funding earned: $11.41
Price spread: −0.162% → 0.000%: −$16.24
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$12.83
Costs to cover: 0.080%
Break-even: 14.9 days

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

Vest and Orderly: 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	−0.0134%	1h	743.24	−0.263%	$4.2M	$1.8M	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L −0.0127% / S +0.0226%	1h	744.25	−0.128%	$25K	—	26x	as long as short
BloFin QQQ-USDT	0.0000%	8h	744.14	−0.142%	$1.1M	$261K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	744.26	−0.126%	$841K	$714K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.29	−0.122%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.08	−0.150%	$21.5M	$26.9M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	744.37	−0.111%	$5.4M	$7.4M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	743.78	−0.191%	$3.3M	$20.8M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	744.40	−0.107%	$16.9M	$5.7M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	744.11	−0.147%	$17.1M	$7.4M	—	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	744.70	−0.067%	$2K	$1.9M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	744.65	−0.074%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	744.85	−0.047%	$362K	$1.5M	10x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0008%	1h	743.80	−0.188%	$1.2M	$536K	20x	as long as short
Binance QQQUSDT	+0.0024%	8h	744.28	−0.123%	$71.0M	$141.5M	25x	as long as short
Lighter QQQ	+0.0032%	1h	744.12	−0.145%	$7.7M	$16.4M	30x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.60	−0.215%	$698K	$1.6M	25x	as long as short
Vest QQQ-USD-PERPlong	+0.0046%	1h	745.20	long leg	—	$337K	50x
Lighter RH QQQ	+0.0048%	1h	744.56	−0.086%	$36.9M	$79.8M	50x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0086%	1h	744.00	−0.161%	$425K	$150K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0092%	8h	744.39	−0.109%	$324K	$1.9M	10x	as long as short
Nado QQQ-PERP	+0.0095%	1h	743.92	−0.172%	$1.5M	$834K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	743.93	−0.170%	$3.4M	$363K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	743.90	−0.174%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythosshort	+0.0100%	8h	743.99	−0.162%	$12K	$21K	20x
Aevo QQQ-PERP	+0.0104%	1h	743.42	−0.239%	$93K	$1K	10x	as long as short
Phoenix QQQ	+0.0129%	1h	743.93	−0.170%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0627%	4h	744.18	−0.136%	$761K	$336K	20x	as long as short