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

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: HTX against ApeX Omni+0.107%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$370.372% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.210%−$21 on $10k
Price spread, last 4 days (all we have)−0.148%−$15 · spread now +0.107%, 7d avg +0.052%
Together, before fees−0.358%−$36 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.055% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of +0.052%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 44 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni QQQUSDT741.480.0100pay 0.0013% / 1h57m 30s$20K$2.2M50x
ShortHTX QQQ-USDT742.270get 0.0000% / 8h6h 57m$251K$38K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against ApeX Omni. 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
−$21
Price spread: +0.107% → +0.052%
$5.5
Slippage, 4 orders
−$15.17
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$52.67
Costs to cover
0.372%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 2 min ago; HTX: live order book, 34 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 ApeX Omni live order book, 2 min ago3.84 bp9.9 bp −$1028.8 bp −$288doesn't fitdoesn't fit
Sell HTX live order book, 34 min ago2.70 bp8.7 bp −$915.5 bp −$155doesn't fitdoesn'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
GMX QQQ/USD [ETH-USDC]L −0.0191% / S +0.0276%1h742.04+0.076%$25K26xas long as short
Ondo Perps QQQ-USD.P−0.0028%1h740.71−0.104%$4.2M$1.8M20xas long as short
BloFin QQQ-USDT−0.0010%8h741.87+0.053%$1.1M$280K20xas long as short
Aster QQQUSDT0.0000%8h742.01+0.071%$857K$902K20xas long as short
OKX QQQ-USDT-SWAP0.0000%8h741.77+0.039%$21.6M$30.1M50xas long as short
RISEx QQQ/USDC0.0000%1h741.77+0.040%$5.4M$5.7M25xas long as short
Gate QQQ_USDT0.0000%8h741.47−0.001%$3.4M$19.7M50xas long as short
Bitget QQQUSDT0.0000%8h742.07+0.080%$16.5M$5.2M20xas long as short
SunX QQQ-USDT0.0000%8h742.58+0.148%$2K$1.6M10xas long as short
HTX QQQ-USDTshort0.0000%8h742.27+0.107%$251K$38K30x
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex QQQUSDT0.0000%8h742.33+0.115%$360K$1.6M10xas long as short
Variational Omni QQQ+0.0027%8h741.87+0.052%$16.7M$7.2Mas long as short
Lighter QQQ+0.0032%1h741.64+0.022%$7.7M$14.7M30xas long as short
Coinbase International QQQ-PERP-INTX+0.0032%1h741.51+0.004%$1.2M$509K20xas long as short
Lighter RH QQQ+0.0040%1h741.97+0.066%$38.3M$76.7M50xas long as short
Arcus QQQ-USD+0.0040%1h741.11−0.050%$647K$1.4M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h742.87+0.187%$337K50xas long as short
Binance QQQUSDT+0.0054%8h742.00+0.070%$70.9M$141.8M25xas long as short
Bybit QQQUSDT+0.0084%8h742.04+0.076%$10.7M$5.0M50xas long as short
KuCoin QQQUSDTM+0.0100%8h741.53+0.007%$3.4M$412K20xas long as short
ApeX Omni QQQUSDTlong+0.0100%1h741.48long leg$20K$2.2M50x
Orderly PERP_QQQ_USDC_mythos+0.0100%8h741.85+0.050%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h741.25−0.031%$92K$1K10xas long as short
Nado QQQ-PERP+0.0156%1h741.46−0.002%$1.6M$754K20xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0222%1h741.70+0.030%$424K$125K20xas long as short
Phoenix QQQ+0.0248%1h741.73+0.034%$38K$59K20xas long as short
GRVT QQQ_USDT_Perp+0.0282%8h742.11+0.085%$315K$2.0M10xas long as short
edgeX QQQUSDC+0.0446%4h742.01+0.071%$759K$334K20xas long as short