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

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.012%
Price spread now: HTX against Lighter RH+0.028%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$260.263% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.120%−$12 on $10k
Price spread, last 3 days (all we have)−0.015%−$2 · spread now +0.028%, 7d avg +0.045%
Together, before fees−0.136%+ Points / potential airdropLighter RH: Points live · farm board−$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH QQQ744.590.0032pay 0.0004% / 1h47m 03s$37.4M$79.0M50x
ShortHTX QQQ-USDT744.800get 0.0000% / 8h7h 47m$257K$29K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Lighter RH. 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
−$6.72
Price spread: +0.028% → +0.045%
−$1.68
Slippage, 4 orders
−$14.34
Fee Lighter RH: 0 bp × 2 orders
$0
Fee HTX: 6 bp × 2 orders
−$12
Net
−$34.73
Costs to cover
0.263%
Break-even
never at this rate
Slippage from Lighter RH: live order book, 2 min ago; HTX: live order book, 25 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 Lighter RH live order book, 2 min ago0.47 bp1.2 bp −$12.8 bp −$289.3 bp −$932doesn't fit
Sell HTX live order book, 25 min ago0.27 bp10.3 bp −$1016.0 bp −$160doesn'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−0.0371%1h742.44−0.289%$4.2M$2.0M20xas long as short
GMX QQQ/USD [ETH-USDC]L −0.0082% / S +0.0191%1h744.50−0.011%$25K26xas long as short
BloFin QQQ-USDT−0.0022%8h744.06−0.071%$1.0M$318K20xas long as short
Aster QQQUSDT0.0000%8h743.90−0.092%$841K$760K20xas long as short
OKX QQQ-USDT-SWAP0.0000%8h744.33−0.035%$21.5M$25.4M50xas long as short
Gate QQQ_USDT0.0000%8h744.14−0.060%$3.2M$26.6M50xas long as short
SunX QQQ-USDT0.0000%8h744.90+0.042%$2K$2.2M10xas long as short
HTX QQQ-USDTshort0.0000%8h744.80+0.028%$257K$29K30x
Phemex QQQUSDT0.0000%8h744.78+0.026%$360K$1.4M10xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0005%1h744.12−0.063%$425K$147K20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter QQQ+0.0032%1h744.25−0.046%$7.6M$18.1M30xas long as short
Lighter RH QQQlong+0.0032%1h744.59long leg$37.4M$79.0M50x
Variational Omni QQQ+0.0039%8h743.94−0.087%$17.1M$10.8Mas long as short
Arcus QQQ-USD+0.0040%1h743.39−0.161%$747K$1.5M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h744.94+0.047%$336K50xas long as short
Coinbase International QQQ-PERP-INTX+0.0064%1h743.73−0.115%$1.2M$625K20xas long as short
Binance QQQUSDT+0.0070%8h744.49−0.014%$71.0M$155.2M25xas long as short
Bybit QQQUSDT+0.0079%8h744.62+0.004%$10.7M$4.9M50xas long as short
KuCoin QQQUSDTM+0.0100%8h744.02−0.077%$3.4M$413K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h743.83−0.102%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h744.17−0.056%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h743.69−0.120%$93K$1K10xas long as short
Nado QQQ-PERP+0.0112%1h743.99−0.080%$1.5M$1.2M20xas long as short
Bitget QQQUSDT+0.0178%8h744.52−0.009%$16.9M$6.6M20xas long as short
RISEx QQQ/USDC+0.0208%1h744.47−0.016%$5.5M$9.0M25xas long as short
GRVT QQQ_USDT_Perp+0.0219%8h744.39−0.027%$327K$1.8M10xas long as short
Phoenix QQQ+0.0258%1h743.91−0.091%$38K$66K20xas long as short
edgeX QQQUSDC+0.0995%4h744.25−0.045%$761K$336K20xas long as short