Funding arb · Price arb /

QQQ

RWAall QQQ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0161%/8h= +17.7% APRpaid last 24h +0.007%

Price spread now: HTX against GMX+0.022%52s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and HTX is 0.022% dearer against GMX than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX QQQ/USD [ETH-USDC]	741.98	L −0.0161% / S +0.0253%	get 0.0020% / 1h	24m 23s	$25K	—	26x
Short	HTX QQQ-USDT	742.14	0	get 0.0000% / 8h	1h 24m	$251K	$41K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against GMX. 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 GMXbpFee HTXbpOrdersPrice spread, now +0.022%Rate

Funding earned: $33.9
Price spread: +0.022% → 0.000%: $2.22
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: $12.12
Costs to cover: 0.240%
Break-even: 4.5 days

Slippage unknown: GMX: no order-book sample; HTX: live order book, 17 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell HTX live order book, 17 min ago	2.69 bp	8.7 bp −$9	15.5 bp −$155	doesn't fit	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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]long	L −0.0161% / S +0.0253%	1h	741.98	long leg	$25K	—	26x
Gate QQQ_USDT	−0.0029%	8h	741.25	−0.098%	$3.3M	$21.5M	50x	as long as short
Aster QQQUSDT	0.0000%	8h	741.92	−0.008%	$823K	$858K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	741.90	−0.010%	$10.5M	$5.2M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	741.75	−0.030%	$21.4M	$28.4M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	741.68	−0.039%	$5.5M	$6.3M	25x	as long as short
Bitget QQQUSDT	0.0000%	8h	742.01	+0.005%	$16.6M	$5.4M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	741.98	0.000%	$16.9M	$7.3M	—	as long as short
SunX QQQ-USDT	0.0000%	8h	742.83	+0.115%	$2K	$1.8M	10x	as long as short
HTX QQQ-USDTshort	0.0000%	8h	742.14	+0.022%	$251K	$41K	30x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex QQQUSDT	0.0000%	8h	742.15	+0.024%	$365K	$1.6M	10x	as long as short
Ondo Perps QQQ-USD.P	+0.0001%	1h	740.66	−0.177%	$4.2M	$1.8M	20x	as long as short
Binance QQQUSDT	+0.0003%	8h	741.94	−0.005%	$70.0M	$144.5M	25x	as long as short
BloFin QQQ-USDT	+0.0004%	8h	741.75	−0.030%	$1.1M	$271K	20x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0016%	1h	741.55	−0.057%	$1.2M	$550K	20x	as long as short
Lighter QQQ	+0.0032%	1h	741.72	−0.034%	$7.7M	$15.5M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.06	+0.011%	$37.0M	$80.6M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.15	−0.111%	$686K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.90	+0.125%	—	$337K	50x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.48	−0.067%	$3.4M	$353K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.57	−0.055%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.68	−0.040%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.20	−0.104%	$92K	$1K	10x	as long as short
GRVT QQQ_USDT_Perp	+0.0116%	8h	742.17	+0.026%	$322K	$2.0M	10x	as long as short
Nado QQQ-PERP	+0.0131%	1h	741.48	−0.067%	$1.5M	$764K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0141%	1h	741.68	−0.040%	$424K	$154K	20x	as long as short
Phoenix QQQ	+0.0205%	1h	741.63	−0.046%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0573%	4h	741.92	−0.007%	$759K	$334K	20x	as long as short