Funding arb · Price arb /

QQQ

RWAall QQQ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.040%

Price spread now: RISEx against HTX−0.041%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on HTX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.200%+$20 on $10k

Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.041%, 7d avg +0.004%

Together, before fees+0.284%+$28 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: RISEx 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 +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX QQQ-USDT	741.94	0	get 0.0000% / 8h	49m 32s	$250K	$41K	30x
Short	RISEx QQQ/USDC	741.63	0	get 0.0000% / 1h	49m 32s	$5.4M	$6.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → +0.004%: −$4.52
Slippage, 4 orders: −$9.97
Fee HTX: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$32.49
Costs to cover: 0.280%
Break-even: never at this rate

Slippage from HTX: live order book, 52 min ago; RISEx: live order book, 4 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, 52 min ago	2.69 bp	8.7 bp −$9	9.9 bp −$99	doesn't fit	doesn't fit
Sell RISEx live order book, 4 min ago	2.29 bp	5.3 bp −$5	5.7 bp −$57	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
GMX QQQ/USD [ETH-USDC]	L −0.0168% / S +0.0258%	1h	741.79	−0.020%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0148%	1h	740.17	−0.239%	$4.2M	$1.8M	20x	as long as short
Gate QQQ_USDT	−0.0067%	8h	741.32	−0.084%	$3.3M	$21.6M	50x	as long as short
Aster QQQUSDT	0.0000%	8h	741.89	−0.007%	$823K	$858K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	741.89	−0.007%	$10.7M	$5.3M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	741.64	−0.040%	$21.5M	$28.3M	50x	as long as short
RISEx QQQ/USDCshort	0.0000%	1h	741.63	−0.041%	$5.4M	$6.3M	25x
Bitget QQQUSDT	0.0000%	8h	742.02	+0.011%	$16.5M	$5.4M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	741.63	−0.042%	$16.8M	$7.4M	—	as long as short
SunX QQQ-USDT	0.0000%	8h	742.51	+0.077%	$2K	$1.8M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX QQQ-USDTlong	0.0000%	8h	741.94	long leg	$250K	$41K	30x
Phemex QQQUSDT	0.0000%	8h	741.95	+0.001%	$361K	$1.6M	10x	as long as short
Binance QQQUSDT	+0.0005%	8h	741.92	−0.003%	$70.0M	$143.0M	25x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0016%	1h	741.12	−0.111%	$1.2M	$486K	20x	as long as short
BloFin QQQ-USDT	+0.0026%	8h	741.47	−0.063%	$1.1M	$270K	20x	as long as short
Lighter QQQ	+0.0032%	1h	741.70	−0.032%	$7.7M	$15.2M	30x	as long as short
Lighter RH QQQ	+0.0040%	1h	742.05	+0.015%	$37.2M	$79.7M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.13	−0.109%	$640K	$1.7M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.68	+0.100%	—	$337K	50x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.42	−0.070%	$3.4M	$356K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.30	−0.086%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.44	−0.067%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	740.95	−0.133%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0108%	1h	741.45	−0.066%	$1.6M	$758K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0122%	8h	741.91	−0.004%	$325K	$2.0M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0141%	1h	741.62	−0.043%	$424K	$155K	20x	as long as short
Phoenix QQQ	+0.0227%	1h	741.27	−0.090%	$38K	$65K	20x	as long as short
edgeX QQQUSDC	+0.0659%	4h	741.61	−0.045%	$758K	$336K	20x	as long as short