Funding you earn now, next payment 08:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.43 per $10,000 · paid last 24h +0.014%
Price spread now: Bybit against HTX−0.017%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$400.395% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 3 days (all we have)+0.037%+$4 · spread now −0.017%, 7d avg −0.003%
=The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX QQQ-USDT | 744.29 | 0 | get 0.0000% / 8h | 7h 38m | $257K | $29K | 30x |
| Short | Bybit QQQUSDT | 744.16 | 0.0043 | get 0.0043% / 8h | 7h 38m | $10.7M | $4.9M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against HTX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $9
- Price spread: −0.017% → −0.003%
- −$1.48
- Slippage, 4 orders
- −$16.54
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$32.02
- Costs to cover
- 0.395%
- Break-even
- 31.9 days
Slippage from HTX: live order book, 33 min ago; Bybit: live order book, 5 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 | 0.27 bp | 14.4 bp −$14 | 19.9 bp −$199 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.20 bp | 7.3 bp −$7 | 12.6 bp −$126 | 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 | −0.0365% | 1h | 742.15 | −0.288% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0084% / S +0.0192% | 1h | 744.13 | −0.022% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.87 | −0.056% | $841K | $739K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.91 | −0.051% | $21.5M | $25.2M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.70 | −0.079% | $3.2M | $27.2M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.57 | +0.038% | $2K | $2.2M | 10x | as long as short |
| HTX QQQ-USDTlong | 0.0000% | 8h | 744.29 | long leg | $257K | $29K | 30x | |
| Phemex QQQUSDT | 0.0000% | 8h | 744.38 | +0.012% | $359K | $1.4M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0017% | 8h | 743.92 | −0.050% | $1.1M | $318K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.87 | −0.056% | $7.6M | $18.2M | 30x | as long as short |
Show all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH QQQ | +0.0032% | 1h | 744.27 | −0.003% | $37.3M | $79.5M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.37 | −0.124% | $747K | $1.5M | 25x | as long as short |
| Bybit QQQUSDTshort | +0.0043% | 8h | 744.16 | −0.017% | $10.7M | $4.9M | 50x | |
| Variational Omni QQQ | +0.0045% | 8h | 744.00 | −0.039% | $17.1M | $10.3M | — | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.61 | +0.043% | — | $306K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 743.73 | −0.075% | $1.2M | $553K | 20x | as long as short |
| Binance QQQUSDT | +0.0073% | 8h | 744.13 | −0.021% | $71.1M | $153.4M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.78 | −0.069% | $3.4M | $412K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.65 | −0.086% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.83 | −0.062% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.31 | −0.131% | $93K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0113% | 1h | 743.87 | −0.056% | $425K | $147K | 20x | as long as short |
| Nado QQQ-PERP | +0.0119% | 1h | 743.74 | −0.074% | $1.5M | $1.2M | 20x | as long as short |
| Bitget QQQUSDT | +0.0178% | 8h | 744.17 | −0.016% | $16.9M | $6.6M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.11 | −0.024% | $5.5M | $8.7M | 25x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 743.68 | −0.082% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0304% | 8h | 744.29 | 0.000% | $327K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0609% | 4h | 744.02 | −0.037% | $761K | $335K | 20x | as long as short |
HTX QQQ-USDT
Bybit QQQUSDT
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Deribit QQQ_USDC-PERPETUAL
Bitget QQQUSDT
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC