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 +0.026%

Price spread now: Binance against HTX+0.013%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$280.275% of the position

Long on HTX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.013%, 7d avg −0.029%

Together, before fees−0.018%−$2 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: Binance is 0.042% dearer against HTX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX QQQ-USDT	743.02	0	get 0.0000% / 8h	2h 13m	$251K	$41K	30x
Short	Binance QQQUSDT	743.12	0	get 0.0000% / 8h	2h 13m	$69.8M	$144.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → −0.029%: $4.15
Slippage, 4 orders: −$5.52
Fee HTX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$23.37
Costs to cover: 0.275%
Break-even: never at this rate

Slippage from HTX: live order book, 33 min ago; Binance: live order book, 15 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, 33 min ago	2.69 bp	8.7 bp −$9	9.9 bp −$99	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.07 bp	5.1 bp −$5	5.5 bp −$55	11.0 bp −$1,103	29.0 bp −$14.5K

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 −0.0151% / S +0.0245%	1h	743.00	−0.003%	$25K	—	26x	as long as short
BloFin QQQ-USDT	−0.0015%	8h	742.46	−0.075%	$1.1M	$277K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	742.59	−0.058%	$824K	$857K	20x	as long as short
Binance QQQUSDTshort	0.0000%	8h	743.12	+0.013%	$69.8M	$144.2M	25x
Bybit QQQUSDT	0.0000%	8h	743.14	+0.016%	$10.6M	$5.2M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	742.86	−0.022%	$21.6M	$28.1M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	742.96	−0.008%	$5.4M	$6.7M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	742.46	−0.075%	$3.3M	$21.4M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	743.19	+0.023%	$16.6M	$5.6M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	742.66	−0.048%	$16.9M	$7.2M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX QQQ-USDT	0.0000%	8h	743.40	+0.051%	$1K	$1.8M	10x	as long as short
Coinbase International QQQ-PERP-INTX	0.0000%	1h	742.21	−0.109%	$1.2M	$539K	20x	as long as short
HTX QQQ-USDTlong	0.0000%	8h	743.02	long leg	$251K	$41K	30x
Phemex QQQUSDT	0.0000%	8h	743.17	+0.020%	$363K	$1.6M	10x	as long as short
Ondo Perps QQQ-USD.P	+0.0005%	1h	741.43	−0.214%	$4.2M	$1.8M	20x	as long as short
Lighter QQQ	+0.0032%	1h	742.84	−0.024%	$7.6M	$15.7M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	743.19	+0.023%	$36.9M	$80.6M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.74	−0.172%	$691K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	743.79	+0.104%	—	$337K	50x	as long as short
GRVT QQQ_USDT_Perp	+0.0088%	8h	742.86	−0.022%	$320K	$2.0M	10x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.67	−0.047%	$3.4M	$361K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.36	−0.089%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	742.66	−0.048%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	742.13	−0.120%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0122%	1h	742.33	−0.093%	$1.5M	$749K	20x	as long as short
Phoenix QQQ	+0.0129%	1h	742.16	−0.116%	$38K	$66K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0221%	1h	742.78	−0.032%	$424K	$152K	20x	as long as short
edgeX QQQUSDC	+0.0614%	4h	742.65	−0.049%	$759K	$336K	20x	as long as short