Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0971%/8h= +106.3% APRpaid last 24h −0.008%

Price spread now: edgeX against HTX−0.099%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$420.421% of the position

Long on HTX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 3 days (all we have)+0.097%+$10 · spread now −0.099%, 7d avg −0.040%

Together, before fees+0.125%+ Points / potential airdropedgeX: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.060% cheaper against HTX than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of −0.040%). If the spread goes back, that is −$6 on $10k: about 5 hours of funding at the current rate (+$29 a day). At the pace of the last 7 days (+0.027% in total) that is about 15 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.027% in total (about 1.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX QQQ-USDT	745.42	0	get 0.0000% / 8h	7h 23m	$258K	$29K	30x
Short	edgeX QQQUSDC	744.68	0.0971	get 0.0485% / 4h	3h 23m	$761K	$336K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.099%Rate

Funding earned: $203.82
Price spread: −0.099% → −0.040%: −$5.99
Slippage, 4 orders: −$21.05
Fee HTX: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $155.77
Costs to cover: 0.421%
Break-even: 1.6 days

Slippage from HTX: live order book, 48 min ago; edgeX: live order book, 51 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 HTX live order book, 48 min ago	0.27 bp	14.4 bp −$14	19.9 bp −$199	doesn't fit	doesn't fit
Sell edgeX live order book, 51 min ago	4.10 bp	8.7 bp −$9	9.7 bp −$97	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
Ondo Perps QQQ-USD.P	−0.0349%	1h	742.70	−0.365%	$4.2M	$2.0M	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L −0.0087% / S +0.0195%	1h	744.29	−0.151%	$25K	—	26x	as long as short
BloFin QQQ-USDT	−0.0001%	8h	744.17	−0.168%	$1.1M	$318K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.34	−0.145%	$10.7M	$4.9M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.10	−0.177%	$21.4M	$25.3M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	743.97	−0.195%	$3.2M	$27.9M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	744.75	−0.090%	$2K	$2.2M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	0.0000%	1h	743.92	−0.201%	$425K	$147K	20x	as long as short
HTX QQQ-USDTlong	0.0000%	8h	745.42	long leg	$258K	$29K	30x
Phemex QQQUSDT	0.0000%	8h	744.53	−0.119%	$362K	$1.4M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster QQQUSDT	+0.0004%	8h	744.24	−0.158%	$841K	$714K	20x	as long as short
Lighter QQQ	+0.0032%	1h	744.01	−0.189%	$7.7M	$18.4M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.39	−0.138%	$37.4M	$80.3M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.80	−0.217%	$748K	$1.5M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	744.81	−0.082%	—	$306K	50x	as long as short
Variational Omni QQQ	+0.0052%	8h	744.72	−0.094%	$17.1M	$9.6M	—	as long as short
Coinbase International QQQ-PERP-INTX	+0.0064%	1h	744.24	−0.158%	$1.2M	$550K	20x	as long as short
Binance QQQUSDT	+0.0081%	8h	744.17	−0.167%	$71.1M	$152.2M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	743.91	−0.203%	$3.4M	$410K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	744.53	−0.119%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.08	−0.180%	$12K	$21K	20x	as long as short
Nado QQQ-PERP	+0.0103%	1h	743.81	−0.215%	$1.5M	$1.2M	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.55	−0.251%	$93K	$1K	10x	as long as short
Bitget QQQUSDT	+0.0177%	8h	744.34	−0.145%	$16.9M	$6.4M	20x	as long as short
RISEx QQQ/USDC	+0.0208%	1h	744.27	−0.154%	$5.4M	$8.6M	25x	as long as short
Phoenix QQQ	+0.0258%	1h	744.20	−0.164%	$38K	$66K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0318%	8h	744.89	−0.071%	$316K	$1.8M	10x	as long as short
edgeX QQQUSDCshort	+0.0971%	4h	744.68	−0.099%	$761K	$336K	20x