Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.014%

Price spread now: HTX against Bybit+0.038%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.038%, 7d avg +0.005%

Together, before fees−0.098%−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.033% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit QQQUSDT	741.95	0	get 0.0000% / 8h	1h 16m	$10.5M	$5.2M	50x
Short	HTX QQQ-USDT	742.23	0	get 0.0000% / 8h	1h 16m	$251K	$41K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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 BybitbpFee HTXbpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → +0.005%: $3.31
Slippage, 4 orders: −$9.65
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$29.34
Costs to cover: 0.326%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; HTX: live order book, 25 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 Bybit live order book, 2 min ago	0.34 bp	7.6 bp −$8	12.8 bp −$128	146.5 bp −$14.6K	doesn't fit
Sell HTX live order book, 25 min ago	2.69 bp	8.7 bp −$9	15.5 bp −$155	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
GMX QQQ/USD [ETH-USDC]	L −0.0163% / S +0.0254%	1h	742.13	+0.024%	$25K	—	26x	as long as short
Gate QQQ_USDT	−0.0038%	8h	741.40	−0.074%	$3.4M	$21.5M	50x	as long as short
Ondo Perps QQQ-USD.P	−0.0006%	1h	741.10	−0.115%	$4.2M	$1.8M	20x	as long as short
Aster QQQUSDT	0.0000%	8h	741.99	+0.006%	$823K	$858K	20x	as long as short
Bybit QQQUSDTlong	0.0000%	8h	741.95	long leg	$10.5M	$5.2M	50x
OKX QQQ-USDT-SWAP	0.0000%	8h	741.72	−0.031%	$21.5M	$28.3M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	741.74	−0.028%	$5.5M	$6.3M	25x	as long as short
Bitget QQQUSDT	0.0000%	8h	742.14	+0.026%	$16.5M	$5.5M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	742.08	+0.017%	$16.9M	$7.3M	—	as long as short
SunX QQQ-USDT	0.0000%	8h	742.96	+0.136%	$2K	$1.8M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX QQQ-USDTshort	0.0000%	8h	742.23	+0.038%	$251K	$41K	30x
Phemex QQQUSDT	0.0000%	8h	742.33	+0.051%	$360K	$1.6M	10x	as long as short
Binance QQQUSDT	+0.0004%	8h	741.94	−0.001%	$70.0M	$144.5M	25x	as long as short
BloFin QQQ-USDT	+0.0007%	8h	741.89	−0.008%	$1.1M	$271K	20x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0016%	1h	741.35	−0.081%	$1.2M	$526K	20x	as long as short
Lighter QQQ	+0.0032%	1h	741.83	−0.016%	$7.7M	$15.5M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.15	+0.027%	$37.1M	$81.2M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.26	−0.093%	$687K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.96	+0.136%	—	$337K	50x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.59	−0.049%	$3.4M	$355K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.74	−0.028%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.86	−0.012%	$12K	$21K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0101%	1h	741.92	−0.004%	$424K	$154K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.37	−0.078%	$92K	$1K	10x	as long as short
GRVT QQQ_USDT_Perp	+0.0119%	8h	742.25	+0.040%	$322K	$2.0M	10x	as long as short
Nado QQQ-PERP	+0.0126%	1h	741.76	−0.026%	$1.6M	$769K	20x	as long as short
Phoenix QQQ	+0.0205%	1h	741.63	−0.043%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0726%	4h	741.94	−0.001%	$759K	$336K	20x	as long as short