Settings8H · net · $10k
Funding arb · Price arb /

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
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
What this pair did over the last
the charts below follow
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%
Together, before fees+0.078%+$8 on $10k · with fees, hour by hour
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX QQQ-USDT744.290get 0.0000% / 8h7h 38m$257K$29K30x
ShortBybit QQQUSDT744.160.0043get 0.0043% / 8h7h 38m$10.7M$4.9M50x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 33 min ago0.27 bp14.4 bp −$1419.9 bp −$199doesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago0.20 bp7.3 bp −$712.6 bp −$126doesn't fitdoesn't fit

QQQ on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps QQQ-USD.P−0.0365%1h742.15−0.288%$4.2M$2.0M20xas long as short
GMX QQQ/USD [ETH-USDC]L −0.0084% / S +0.0192%1h744.13−0.022%$25K26xas long as short
Aster QQQUSDT0.0000%8h743.87−0.056%$841K$739K20xas long as short
OKX QQQ-USDT-SWAP0.0000%8h743.91−0.051%$21.5M$25.2M50xas long as short
Gate QQQ_USDT0.0000%8h743.70−0.079%$3.2M$27.2M50xas long as short
SunX QQQ-USDT0.0000%8h744.57+0.038%$2K$2.2M10xas long as short
HTX QQQ-USDTlong0.0000%8h744.29long leg$257K$29K30x
Phemex QQQUSDT0.0000%8h744.38+0.012%$359K$1.4M10xas long as short
BloFin QQQ-USDT+0.0017%8h743.92−0.050%$1.1M$318K20xas long as short
Lighter QQQ+0.0032%1h743.87−0.056%$7.6M$18.2M30xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH QQQ+0.0032%1h744.27−0.003%$37.3M$79.5M50xas long as short
Arcus QQQ-USD+0.0040%1h743.37−0.124%$747K$1.5M25xas long as short
Bybit QQQUSDTshort+0.0043%8h744.16−0.017%$10.7M$4.9M50x
Variational Omni QQQ+0.0045%8h744.00−0.039%$17.1M$10.3Mas long as short
Vest QQQ-USD-PERP+0.0046%1h744.61+0.043%$306K50xas long as short
Coinbase International QQQ-PERP-INTX+0.0064%1h743.73−0.075%$1.2M$553K20xas long as short
Binance QQQUSDT+0.0073%8h744.13−0.021%$71.1M$153.4M25xas long as short
KuCoin QQQUSDTM+0.0100%8h743.78−0.069%$3.4M$412K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h743.65−0.086%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h743.83−0.062%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h743.31−0.131%$93K$1K10xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0113%1h743.87−0.056%$425K$147K20xas long as short
Nado QQQ-PERP+0.0119%1h743.74−0.074%$1.5M$1.2M20xas long as short
Bitget QQQUSDT+0.0178%8h744.17−0.016%$16.9M$6.6M20xas long as short
RISEx QQQ/USDC+0.0208%1h744.11−0.024%$5.5M$8.7M25xas long as short
Phoenix QQQ+0.0258%1h743.68−0.082%$38K$66K20xas long as short
GRVT QQQ_USDT_Perp+0.0304%8h744.290.000%$327K$1.8M10xas long as short
edgeX QQQUSDC+0.0609%4h744.02−0.037%$761K$335K20xas long as short