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

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0166%/8h= +18.2% APRpaid last 24h +0.115%
Price spread now: edgeX against HTX−0.087%77s7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$340.345% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.134%+$13 on $10k
Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.087%, 7d avg −0.039%
Together, before fees+0.259%+ Points / potential airdropedgeX: Active · farm board+$26 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.048% cheaper against HTX than usual: you would sell low and buy high (spread −0.087% now, against its 7-day average of −0.039%). If the spread goes back, that is −$5 on $10k: about 23 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.134% in total) that is about 2.5 days. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX QQQ-USDT743.480get 0.0000% / 8h5h 56m$251K$38K30x
ShortedgeX QQQUSDC742.840.0166get 0.0083% / 4h1h 56m$760K$337K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$34.92
Price spread: −0.087% → −0.039%
−$4.76
Slippage, 4 orders
−$13.45
Fee HTX: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$4.3
Costs to cover
0.345%
Break-even
7.9 days
Slippage from HTX: live order book, 53 min ago; edgeX: live order book, 55 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, 53 min ago2.56 bp8.6 bp −$99.8 bp −$98doesn't fitdoesn't fit
Sell edgeX live order book, 55 min ago4.11 bp8.7 bp −$99.8 bp −$98doesn't fitdoesn't fit

QQQ on 28 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX QQQ/USD [ETH-USDC]L −0.0203% / S +0.0285%1h743.34−0.020%$25K26xas long as short
Ondo Perps QQQ-USD.P−0.0024%1h741.67−0.243%$4.2M$1.8M20xas long as short
Aster QQQUSDT0.0000%8h743.43−0.007%$856K$903K20xas long as short
OKX QQQ-USDT-SWAP0.0000%8h743.20−0.038%$21.7M$30.2M50xas long as short
RISEx QQQ/USDC0.0000%1h743.07−0.055%$5.5M$5.7M25xas long as short
Gate QQQ_USDT0.0000%8h742.99−0.066%$3.5M$19.8M50xas long as short
Bitget QQQUSDT0.0000%8h743.47−0.001%$17.1M$5.9M20xas long as short
SunX QQQ-USDT0.0000%8h743.85+0.050%$2K$1.6M10xas long as short
Deribit QQQ_USDC-PERPETUAL0.0000%1h742.87−0.082%$399K$147K20xas long as short
HTX QQQ-USDTlong0.0000%8h743.48long leg$251K$38K30x
Show all 28 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex QQQUSDT0.0000%8h743.84+0.048%$362K$1.6M10xas long as short
BloFin QQQ-USDT+0.0006%8h743.09−0.052%$1.1M$235K20xas long as short
Lighter QQQ+0.0032%1h742.87−0.082%$7.4M$15.3M30xas long as short
Lighter RH QQQ+0.0032%1h743.45−0.004%$38.6M$76.3M50xas long as short
Coinbase International QQQ-PERP-INTX+0.0032%1h742.55−0.125%$1.2M$541K20xas long as short
Variational Omni QQQ+0.0036%8h742.92−0.075%$16.8M$7.0Mas long as short
Arcus QQQ-USD+0.0040%1h742.24−0.167%$658K$1.4M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h744.13+0.087%$337K50xas long as short
Bybit QQQUSDT+0.0060%8h743.42−0.008%$10.5M$4.8M50xas long as short
Binance QQQUSDT+0.0068%8h743.41−0.010%$71.6M$145.9M25xas long as short
KuCoin QQQUSDTM+0.0100%8h742.83−0.087%$3.4M$463K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h742.55−0.125%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h743.10−0.051%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h742.52−0.129%$92K$1K10xas long as short
Nado QQQ-PERP+0.0131%1h742.88−0.080%$1.6M$766K20xas long as short
edgeX QQQUSDCshort+0.0166%4h742.84−0.087%$760K$337K20x
GRVT QQQ_USDT_Perp+0.0227%8h743.35−0.017%$319K$2.0M10xas long as short
Phoenix QQQ+0.0280%1h742.89−0.079%$38K$59K20xas long as short