Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: HTX against Aevo+0.138%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.175%−$18 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. HTX is 0.138% dearer against Aevo than usual: you sell high and buy low (spread +0.138% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo QQQ-PERP	742.86	0.0104	pay 0.0013% / 1h	48m 38s	$92K	$1K	10x
Short	HTX QQQ-USDT	743.89	0	get 0.0000% / 8h	7h 48m	$257K	$29K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Aevo. 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 AevobpFee HTXbpOrdersPrice spread, now +0.138%Rate

Funding earned: −$21.84
Price spread: +0.138% → 0.000%: $13.83
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee HTX: 6 bp × 2 orders: −$12
Net: −$36.01
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; HTX: live order book, 23 min ago. 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 Aevo no order-book sample	—	—	—	—	—
Sell HTX live order book, 23 min ago	0.27 bp	10.3 bp −$10	16.0 bp −$160	doesn't fit	doesn't fit

Aevo: 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	−0.0370%	1h	742.44	−0.057%	$4.2M	$2.0M	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L −0.0082% / S +0.0191%	1h	744.43	+0.212%	$25K	—	26x	as long as short
BloFin QQQ-USDT	−0.0023%	8h	743.81	+0.128%	$1.0M	$318K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	743.81	+0.127%	$841K	$760K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.34	+0.199%	$21.5M	$25.4M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	743.93	+0.144%	$3.2M	$26.5M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	744.88	+0.272%	$2K	$2.3M	10x	as long as short
HTX QQQ-USDTshort	0.0000%	8h	743.89	+0.138%	$257K	$29K	30x
Phemex QQQUSDT	0.0000%	8h	744.56	+0.228%	$360K	$1.4M	10x	as long as short
Lighter QQQ	+0.0032%	1h	744.23	+0.184%	$7.6M	$18.1M	30x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH QQQ	+0.0032%	1h	744.57	+0.230%	$37.4M	$78.8M	50x	as long as short
Variational Omni QQQ	+0.0039%	8h	743.94	+0.145%	$17.1M	$10.8M	—	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.31	+0.060%	$747K	$1.5M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	744.84	+0.266%	—	$388K	50x	as long as short
Bybit QQQUSDT	+0.0058%	8h	744.58	+0.231%	$10.7M	$4.9M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0064%	1h	743.73	+0.117%	$1.2M	$626K	20x	as long as short
Binance QQQUSDT	+0.0069%	8h	744.45	+0.214%	$71.0M	$155.3M	25x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0100%	1h	744.12	+0.169%	$425K	$147K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	743.95	+0.146%	$3.4M	$414K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	743.63	+0.103%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.03	+0.157%	$12K	$21K	20x	as long as short
Aevo QQQ-PERPlong	+0.0104%	1h	742.86	long leg	$92K	$1K	10x
Nado QQQ-PERP	+0.0107%	1h	743.95	+0.147%	$1.5M	$1.2M	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0165%	8h	744.03	+0.158%	$327K	$1.8M	10x	as long as short
Bitget QQQUSDT	+0.0176%	8h	744.47	+0.216%	$16.9M	$6.6M	20x	as long as short
RISEx QQQ/USDC	+0.0208%	1h	744.37	+0.203%	$5.5M	$9.0M	25x	as long as short
Phoenix QQQ	+0.0258%	1h	743.91	+0.141%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0496%	4h	743.85	+0.133%	$761K	$336K	20x	as long as short