Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.032%

Price spread now: HTX against RISEx+0.054%7-day average −0.003% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on RISEx Short on HTX

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)−0.129%−$13 · spread now +0.054%, 7d avg −0.003%

Together, before fees−0.329%−$33 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: HTX is 0.057% dearer against RISEx than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx QQQ/USDC	742.87	0	get 0.0000% / 1h	44m 39s	$5.4M	$5.7M	25x
Short	HTX QQQ-USDT	743.27	0	get 0.0000% / 8h	5h 44m	$247K	$45K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against RISEx. 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 RISExbpFee HTXbpOrdersPrice spread, now +0.054%Rate

Funding earned: $0
Price spread: +0.054% → −0.003%: $5.69
Slippage, 4 orders: −$7.41
Fee RISEx: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$19.72
Costs to cover: 0.254%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; HTX: live order book, 65 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 RISEx live order book, 2 min ago	0.20 bp	3.2 bp −$3	3.5 bp −$35	doesn't fit	doesn't fit
Sell HTX live order book, 65 min ago	2.56 bp	8.6 bp −$9	15.4 bp −$154	doesn't fit	doesn't fit

QQQ on 28 exchanges

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 −0.0203% / S +0.0285%	1h	743.09	+0.029%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0129%	1h	740.96	−0.257%	$4.2M	$1.8M	20x	as long as short
Aster QQQUSDT	0.0000%	8h	743.11	+0.033%	$856K	$903K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	742.89	+0.003%	$21.7M	$30.3M	50x	as long as short
RISEx QQQ/USDClong	0.0000%	1h	742.87	long leg	$5.4M	$5.7M	25x
Gate QQQ_USDT	0.0000%	8h	742.46	−0.055%	$3.5M	$19.8M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	743.03	+0.022%	$17.0M	$5.9M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	743.53	+0.089%	$2K	$1.5M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	0.0000%	1h	742.58	−0.039%	$398K	$107K	20x	as long as short
HTX QQQ-USDTshort	0.0000%	8h	743.27	+0.054%	$247K	$45K	30x

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex QQQUSDT	0.0000%	8h	743.53	+0.089%	$362K	$1.6M	10x	as long as short
BloFin QQQ-USDT	+0.0016%	8h	742.87	0.000%	$1.1M	$237K	20x	as long as short
Lighter QQQ	+0.0032%	1h	742.35	−0.070%	$7.3M	$15.7M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	743.05	+0.024%	$38.7M	$77.0M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0032%	1h	742.87	0.000%	$1.2M	$541K	20x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.93	−0.126%	$659K	$1.4M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	743.84	+0.131%	—	$337K	50x	as long as short
Variational Omni QQQ	+0.0052%	8h	742.97	+0.013%	$16.8M	$6.9M	—	as long as short
Bybit QQQUSDT	+0.0068%	8h	743.09	+0.030%	$10.5M	$4.8M	50x	as long as short
Binance QQQUSDT	+0.0076%	8h	743.09	+0.030%	$71.6M	$145.9M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.67	−0.027%	$3.4M	$469K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.82	−0.006%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	742.74	−0.017%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	742.28	−0.079%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0133%	1h	742.38	−0.066%	$1.6M	$770K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0250%	8h	743.56	+0.093%	$318K	$2.1M	10x	as long as short
Phoenix QQQ	+0.0302%	1h	742.33	−0.072%	$38K	$59K	20x	as long as short
edgeX QQQUSDC	+0.0715%	4h	743.15	+0.038%	$760K	$336K	20x	as long as short