Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h +0.010%

Price spread now: Arcus against HTX−0.121%7-day average −0.167% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on HTX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.029%+$3 on $10k

Price spread, last 3 days (all we have)+0.060%+$6 · spread now −0.121%, 7d avg −0.167%

Together, before fees+0.089%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.046% dearer against HTX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.167%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX QQQ-USDT	742.10	0	get 0.0000% / 8h	2h 12m	$256K	$32K	30x
Short	Arcus QQQ-USD	741.20	0.0025	get 0.0003% / 1h	12m 28s	$735K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against HTX. 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 HTXbpFee ArcusbpOrdersPrice spread, now −0.121%Rate

Funding earned: $5.26
Price spread: −0.121% → −0.167%: $4.6
Slippage, 4 orders: −$10.19
Fee HTX: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$16.83
Costs to cover: 0.267%
Break-even: 29.4 days

Slippage from HTX: live order book, 9 min ago; Arcus: live order book, 1 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 HTX live order book, 9 min ago	2.69 bp	8.7 bp −$9	9.9 bp −$99	doesn't fit	doesn't fit
Sell Arcus live order book, 1 min ago	0.47 bp	4.9 bp −$5	5.7 bp −$57	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 −0.0059% / S +0.0173%	1h	741.98	−0.017%	$25K	—	26x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	741.78	−0.043%	$21.3M	$28.1M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	741.66	−0.059%	$3.1M	$33.2M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	742.40	+0.040%	$2K	$2.5M	10x	as long as short
HTX QQQ-USDTlong	0.0000%	8h	742.10	long leg	$256K	$32K	30x
Phemex QQQUSDT	0.0000%	8h	742.21	+0.015%	$361K	$1.4M	10x	as long as short
Aster QQQUSDT	+0.0006%	8h	741.87	−0.031%	$840K	$780K	20x	as long as short
BloFin QQQ-USDT	+0.0018%	8h	741.79	−0.042%	$1.0M	$509K	20x	as long as short
Arcus QQQ-USDshort	+0.0025%	1h	741.20	−0.121%	$735K	$1.5M	25x
Ondo Perps QQQ-USD.P	+0.0028%	1h	740.94	−0.156%	$4.2M	$2.2M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest QQQ-USD-PERP	+0.0046%	1h	742.43	+0.044%	—	$621K	50x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0047%	1h	741.78	−0.043%	$424K	$304K	20x	as long as short
Variational Omni QQQ	+0.0058%	8h	741.84	−0.035%	$17.2M	$10.6M	—	as long as short
Coinbase International QQQ-PERP-INTX	+0.0064%	1h	741.44	−0.089%	$1.2M	$894K	20x	as long as short
Bybit QQQUSDT	+0.0070%	8h	742.03	−0.009%	$10.7M	$5.4M	50x	as long as short
Phoenix QQQ	+0.0076%	1h	741.52	−0.078%	$38K	$73K	20x	as long as short
Binance QQQUSDT	+0.0087%	8h	741.98	−0.016%	$69.8M	$165.6M	25x	as long as short
Lighter QQQ	+0.0096%	1h	741.84	−0.035%	$7.9M	$21.6M	30x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.44	−0.089%	$3.4M	$449K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.45	−0.088%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.19	−0.123%	$7K	$15K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.28	−0.110%	$92K	$1K	10x	as long as short
Lighter RH QQQ	+0.0112%	1h	742.19	+0.012%	$37.8M	$83.1M	50x	as long as short
GRVT QQQ_USDT_Perp	+0.0178%	8h	742.06	−0.005%	$316K	$1.7M	10x	as long as short
RISEx QQQ/USDC	+0.0212%	1h	742.07	−0.004%	$5.4M	$9.3M	25x	as long as short
Bitget QQQUSDT	+0.0228%	8h	741.91	−0.026%	$16.7M	$7.8M	20x	as long as short
Nado QQQ-PERP	+0.0244%	1h	741.40	−0.095%	$1.5M	$1.4M	20x	as long as short
edgeX QQQUSDC	+0.0266%	4h	741.89	−0.028%	$759K	$338K	20x	as long as short