Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.010%

Price spread now: HTX against Arcus+0.136%7-day average +0.164% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$270.271% of the position

Long on Arcus Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.032%−$3 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.136%, 7d avg +0.164%

Together, before fees−0.106%−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 0.028% cheaper against Arcus than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.164%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus QQQ-USD	743.69	0.0040	pay 0.0005% / 1h	38m 54s	$702K	$1.6M	25x
Short	HTX QQQ-USDT	744.70	0	get 0.0000% / 8h	4h 38m	$257K	$29K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Arcus. 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 ArcusbpFee HTXbpOrdersPrice spread, now +0.136%Rate

Funding earned: −$8.46
Price spread: +0.136% → +0.164%: −$2.84
Slippage, 4 orders: −$10.6
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$38.4
Costs to cover: 0.271%
Break-even: never at this rate

Slippage from Arcus: live order book, 5 min ago; HTX: live order book, 18 min ago.

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 Arcus live order book, 5 min ago	0.13 bp	3.4 bp −$3	6.1 bp −$61	23.8 bp −$2,380	doesn't fit
Sell HTX live order book, 18 min ago	2.68 bp	8.7 bp −$9	19.4 bp −$194	doesn't fit	doesn't fit

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	−0.0126%	1h	742.94	−0.101%	$4.2M	$1.8M	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L −0.0121% / S +0.0221%	1h	744.50	+0.108%	$25K	—	26x	as long as short
Aster QQQUSDT	0.0000%	8h	744.49	+0.108%	$841K	$714K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.41	+0.097%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.30	+0.082%	$21.5M	$26.9M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	744.53	+0.114%	$5.4M	$7.5M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	743.91	+0.030%	$3.3M	$20.8M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	744.59	+0.121%	$16.9M	$5.7M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	744.95	+0.169%	$2K	$1.9M	10x	as long as short
HTX QQQ-USDTshort	0.0000%	8h	744.70	+0.136%	$257K	$29K	30x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex QQQUSDT	0.0000%	8h	744.65	+0.129%	$360K	$1.5M	10x	as long as short
Variational Omni QQQ	+0.0006%	8h	744.39	+0.094%	$17.1M	$7.5M	—	as long as short
BloFin QQQ-USDT	+0.0008%	8h	744.29	+0.081%	$1.1M	$271K	20x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0008%	1h	743.96	+0.036%	$1.2M	$536K	20x	as long as short
Lighter QQQ	+0.0032%	1h	744.29	+0.081%	$7.7M	$16.3M	30x	as long as short
Arcus QQQ-USDlong	+0.0040%	1h	743.69	long leg	$702K	$1.6M	25x
Binance QQQUSDT	+0.0042%	8h	744.50	+0.109%	$71.1M	$141.8M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.49	+0.242%	—	$337K	50x	as long as short
Lighter RH QQQ	+0.0048%	1h	744.79	+0.148%	$36.9M	$78.9M	50x	as long as short
Nado QQQ-PERP	+0.0099%	1h	744.19	+0.067%	$1.5M	$876K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	744.13	+0.059%	$3.4M	$390K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	744.20	+0.069%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.22	+0.071%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.67	−0.002%	$93K	$1K	10x	as long as short
GRVT QQQ_USDT_Perp	+0.0114%	8h	744.62	+0.125%	$319K	$1.9M	10x	as long as short
Phoenix QQQ	+0.0129%	1h	744.09	+0.054%	$38K	$66K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0207%	1h	744.41	+0.097%	$425K	$149K	20x	as long as short
edgeX QQQUSDC	+0.0728%	4h	744.46	+0.103%	$761K	$333K	20x	as long as short