Funding arb · Price arb /

QQQ

RWAall QQQ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0190%/8h= −20.8% APRpaid last 24h −0.021%

Price spread now: GMX against HTX+0.111%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. GMX is 0.111% dearer against HTX than usual: you sell high and buy low (spread +0.111% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX QQQ-USDT	743.14	0	get 0.0000% / 8h	7h 53m	$257K	$28K	30x
Short	GMX QQQ/USD [ETH-USDC]	743.97	L −0.0081% / S +0.0190%	pay 0.0024% / 1h	53m 41s	$25K	—	26x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.111%Rate

Funding earned: −$39.84
Price spread: +0.111% → 0.000%: $11.1
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$52.74
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 18 min ago; GMX: no order-book sample. Net counts fees only.

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, 18 min ago	0.27 bp	14.4 bp −$14	19.9 bp −$199	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0350%	1h	742.30	−0.113%	$4.2M	$2.0M	20x	as long as short
GMX QQQ/USD [ETH-USDC]short	L −0.0081% / S +0.0190%	1h	743.97	+0.111%	$25K	—	26x
Gate QQQ_USDT	−0.0028%	8h	743.31	+0.023%	$3.1M	$26.1M	50x	as long as short
BloFin QQQ-USDT	−0.0018%	8h	743.81	+0.090%	$1.0M	$318K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	743.55	+0.055%	$841K	$757K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	743.83	+0.093%	$21.5M	$25.4M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	744.43	+0.174%	$2K	$2.3M	10x	as long as short
HTX QQQ-USDTlong	0.0000%	8h	743.14	long leg	$257K	$28K	30x
Phemex QQQUSDT	0.0000%	8h	743.97	+0.112%	$363K	$1.4M	10x	as long as short
Bybit QQQUSDT	+0.0024%	8h	744.03	+0.120%	$10.7M	$4.8M	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter QQQ	+0.0032%	1h	743.76	+0.083%	$7.6M	$18.1M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.04	+0.121%	$37.4M	$78.6M	50x	as long as short
Variational Omni QQQ	+0.0040%	8h	743.83	+0.093%	$17.1M	$10.8M	—	as long as short
Arcus QQQ-USD	+0.0040%	1h	742.99	−0.020%	$747K	$1.5M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	744.49	+0.182%	—	$388K	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0064%	1h	743.51	+0.050%	$1.2M	$626K	20x	as long as short
Binance QQQUSDT	+0.0068%	8h	743.93	+0.106%	$70.9M	$156.3M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	743.57	+0.058%	$3.4M	$413K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	743.44	+0.040%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	743.64	+0.067%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.32	+0.025%	$93K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0107%	1h	743.45	+0.042%	$1.5M	$1.2M	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0116%	8h	743.95	+0.109%	$316K	$1.8M	10x	as long as short
Bitget QQQUSDT	+0.0170%	8h	743.98	+0.113%	$16.9M	$6.6M	20x	as long as short
Phoenix QQQ	+0.0194%	1h	743.43	+0.039%	$38K	$66K	20x	as long as short
RISEx QQQ/USDC	+0.0208%	1h	743.89	+0.101%	$5.6M	$9.0M	25x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0275%	1h	743.94	+0.108%	$425K	$147K	20x	as long as short
edgeX QQQUSDC	+0.0662%	4h	743.73	+0.080%	$760K	$335K	20x	as long as short