Funding arb · Price arb /

QQQ

RWAall QQQ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against HTX−0.067%76s7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.370% of the position

Long on HTX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.067%, 7d avg −0.051%

Together, before fees+0.248%+$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.051%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 76 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	HTX QQQ-USDT	742.85	0	get 0.0000% / 8h	3h 03m	$257K	$29K	30x
Short	ApeX Omni QQQUSDT	742.35	0.0100	get 0.0013% / 1h	3m 40s	$20K	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.067%Rate

Funding earned: $21
Price spread: −0.067% → −0.051%: −$1.61
Slippage, 4 orders: −$15.01
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$17.62
Costs to cover: 0.370%
Break-even: 12.9 days

Slippage from HTX: live order book, 48 min ago; ApeX Omni: live order book, just now.

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, 48 min ago	2.69 bp	8.7 bp −$9	9.9 bp −$99	doesn't fit	doesn't fit
Sell ApeX Omni live order book, just now	3.77 bp	9.7 bp −$10	20.5 bp −$205	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 −0.0141% / S +0.0237%	1h	742.84	−0.002%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0010%	1h	741.70	−0.155%	$4.2M	$1.8M	20x	as long as short
Aster QQQUSDT	0.0000%	8h	742.75	−0.014%	$824K	$857K	20x	as long as short
Binance QQQUSDT	0.0000%	8h	742.76	−0.012%	$69.9M	$143.8M	25x	as long as short
Bybit QQQUSDT	0.0000%	8h	742.77	−0.011%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	742.50	−0.047%	$21.6M	$27.4M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	742.12	−0.098%	$3.3M	$21.3M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	742.89	+0.005%	$16.7M	$5.6M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	742.76	−0.013%	$17.1M	$7.2M	—	as long as short
SunX QQQ-USDT	0.0000%	8h	743.29	+0.059%	$1K	$1.9M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit QQQ_USDC-PERPETUAL	0.0000%	1h	742.46	−0.053%	$424K	$151K	20x	as long as short
Coinbase International QQQ-PERP-INTX	0.0000%	1h	742.27	−0.078%	$1.2M	$538K	20x	as long as short
HTX QQQ-USDTlong	0.0000%	8h	742.85	long leg	$257K	$29K	30x
Phemex QQQUSDT	0.0000%	8h	743.07	+0.030%	$362K	$1.6M	10x	as long as short
RISEx QQQ/USDC	+0.0010%	1h	742.79	−0.008%	$5.4M	$7.2M	25x	as long as short
BloFin QQQ-USDT	+0.0022%	8h	742.86	+0.001%	$1.1M	$246K	20x	as long as short
Lighter QQQ	+0.0032%	1h	742.55	−0.040%	$7.6M	$15.9M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	743.05	+0.027%	$37.0M	$79.6M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	742.02	−0.112%	$703K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	743.73	+0.118%	—	$337K	50x	as long as short
GRVT QQQ_USDT_Perp	+0.0073%	8h	742.97	+0.016%	$320K	$1.9M	10x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.48	−0.050%	$3.4M	$345K	20x	as long as short
ApeX Omni QQQUSDTshort	+0.0100%	1h	742.35	−0.067%	$20K	$2.2M	50x
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	742.58	−0.036%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	742.06	−0.107%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0105%	1h	742.36	−0.066%	$1.5M	$763K	20x	as long as short
Phoenix QQQ	+0.0118%	1h	742.50	−0.047%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0178%	4h	742.80	−0.007%	$759K	$334K	20x	as long as short