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

QQQ

RWAall QQQ markets
SwapBacktest
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 0.000%
Price spread now: HTX against Phemex−0.012%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$830.834% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.083%−$8 · spread now −0.012%, 7d avg −0.012%
Together, before fees−0.083%−$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex QQQUSDT743.100get 0.0000% / 8h3h 06m$360K$1.6M10x
ShortHTX QQQ-USDT743.010get 0.0000% / 8h3h 06m$257K$29K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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
$0
Price spread: −0.012% → −0.012%
−$0.01
Slippage, 4 orders
−$59.41
Fee Phemex: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
−$83.42
Costs to cover
0.834%
Break-even
never at this rate
Slippage from Phemex: live order book, 1 min ago; HTX: live order book, 45 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 Phemex live order book, 1 min ago3.77 bp33.5 bp −$34doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 45 min ago2.69 bp8.7 bp −$915.5 bp −$155doesn'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
GMX QQQ/USD [ETH-USDC]L −0.0140% / S +0.0236%1h742.75−0.048%$25K26xas long as short
Ondo Perps QQQ-USD.P−0.0010%1h741.74−0.183%$4.2M$1.8M20xas long as short
BloFin QQQ-USDT−0.0003%8h742.86−0.032%$1.1M$246K20xas long as short
Aster QQQUSDT0.0000%8h742.84−0.035%$824K$857K20xas long as short
Binance QQQUSDT0.0000%8h742.94−0.022%$70.1M$143.7M25xas long as short
Bybit QQQUSDT0.0000%8h742.78−0.043%$10.7M$5.0M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h742.72−0.051%$21.6M$27.4M50xas long as short
Gate QQQ_USDT0.0000%8h742.15−0.128%$3.3M$21.3M50xas long as short
Bitget QQQUSDT0.0000%8h742.94−0.022%$16.9M$5.6M20xas long as short
Variational Omni QQQ0.0000%8h742.83−0.037%$17.1M$7.3Mas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX QQQ-USDT0.0000%8h743.23+0.017%$2K$1.9M10xas long as short
Deribit QQQ_USDC-PERPETUAL0.0000%1h742.43−0.090%$424K$151K20xas long as short
Coinbase International QQQ-PERP-INTX0.0000%1h742.35−0.101%$1.2M$538K20xas long as short
HTX QQQ-USDTshort0.0000%8h743.01−0.012%$257K$29K30x
Phemex QQQUSDTlong0.0000%8h743.10long leg$360K$1.6M10x
RISEx QQQ/USDC+0.0010%1h742.85−0.033%$5.4M$7.3M25xas long as short
Lighter QQQ+0.0032%1h742.76−0.046%$7.7M$15.9M30xas long as short
Lighter RH QQQ+0.0032%1h743.11+0.001%$36.9M$79.5M50xas long as short
Arcus QQQ-USD+0.0040%1h742.03−0.144%$704K$1.6M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h743.67+0.077%$337K50xas long as short
GRVT QQQ_USDT_Perp+0.0072%8h742.95−0.020%$320K$1.9M10xas long as short
KuCoin QQQUSDTM+0.0100%8h742.54−0.075%$3.4M$343K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h742.36−0.100%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h742.49−0.082%$12K$21K20xas long as short
Nado QQQ-PERP+0.0100%1h742.38−0.097%$1.5M$763K20xas long as short
Aevo QQQ-PERP+0.0104%1h741.99−0.150%$92K$1K10xas long as short
Phoenix QQQ+0.0118%1h742.42−0.092%$38K$66K20xas long as short
edgeX QQQUSDC+0.0178%4h742.80−0.041%$759K$334K20xas long as short