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 +0.003%

Price spread now: OKX against HTX−0.075%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$280.283% of the position

Long on HTX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 3 days (all we have)+0.079%+$8 · spread now −0.075%, 7d avg −0.030%

Together, before fees+0.116%+$12 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: OKX is 0.045% cheaper against HTX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX QQQ-USDT	744.46	0	get 0.0000% / 8h	6h 41m	$257K	$29K	30x
Short	OKX QQQ-USDT-SWAP	743.90	0	get 0.0000% / 8h	6h 41m	$21.5M	$25.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.075%Rate

Funding earned: $0
Price spread: −0.075% → −0.030%: −$4.54
Slippage, 4 orders: −$6.34
Fee HTX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$32.88
Costs to cover: 0.283%
Break-even: never at this rate

Slippage from HTX: live order book, 25 min ago; OKX: live order book, 2 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, 25 min ago	2.68 bp	8.7 bp −$9	9.9 bp −$99	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.07 bp	5.9 bp −$6	7.3 bp −$73	14.2 bp −$1,418	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	−0.0178%	1h	743.00	−0.196%	$4.2M	$2.0M	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L −0.0096% / S +0.0201%	1h	744.14	−0.042%	$25K	—	26x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.10	−0.048%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAPshort	0.0000%	8h	743.90	−0.075%	$21.5M	$25.3M	50x
Gate QQQ_USDT	0.0000%	8h	743.89	−0.077%	$3.2M	$21.2M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	744.66	+0.027%	$2K	$2.1M	10x	as long as short
HTX QQQ-USDTlong	0.0000%	8h	744.46	long leg	$257K	$29K	30x
Phemex QQQUSDT	0.0000%	8h	744.47	+0.001%	$361K	$1.4M	10x	as long as short
Aster QQQUSDT	+0.0013%	8h	744.16	−0.040%	$841K	$712K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0019%	1h	743.80	−0.089%	$425K	$148K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin QQQ-USDT	+0.0026%	8h	744.31	−0.020%	$1.1M	$319K	20x	as long as short
Lighter QQQ	+0.0032%	1h	743.90	−0.075%	$7.7M	$17.7M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.32	−0.019%	$37.4M	$79.5M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.34	−0.150%	$747K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.09	+0.085%	—	$356K	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0048%	1h	744.05	−0.055%	$1.2M	$538K	20x	as long as short
Variational Omni QQQ	+0.0066%	8h	744.26	−0.027%	$17.1M	$7.6M	—	as long as short
Binance QQQUSDT	+0.0090%	8h	744.10	−0.049%	$71.1M	$147.5M	25x	as long as short
Bitget QQQUSDT	+0.0090%	8h	744.18	−0.038%	$16.9M	$5.9M	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	743.85	−0.082%	$3.4M	$406K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	743.92	−0.073%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	743.87	−0.079%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.34	−0.151%	$93K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0120%	1h	743.73	−0.098%	$1.5M	$1.0M	20x	as long as short
RISEx QQQ/USDC	+0.0168%	1h	744.15	−0.042%	$5.4M	$8.2M	25x	as long as short
Phoenix QQQ	+0.0183%	1h	743.85	−0.082%	$38K	$66K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0257%	8h	744.49	+0.004%	$319K	$1.8M	10x	as long as short
edgeX QQQUSDC	+0.0625%	4h	744.12	−0.045%	$761K	$335K	20x	as long as short