Funding arb · Price arb /

QQQ

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Swap Backtest

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 +0.003%

Price spread now: OKX against HTX−0.058%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on HTX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 3 days (all we have)+0.062%+$6 · spread now −0.058%, 7d avg −0.030%

Together, before fees+0.098%+$10 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: OKX is 0.028% cheaper against HTX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX QQQ-USDT	744.68	0	get 0.0000% / 8h	5h 51m	$257K	$29K	30x
Short	OKX QQQ-USDT-SWAP	744.25	0	get 0.0000% / 8h	5h 51m	$21.7M	$26.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.058%Rate

Funding earned: $0
Price spread: −0.058% → −0.030%: −$2.79
Slippage, 4 orders: −$5.87
Fee HTX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$30.66
Costs to cover: 0.279%
Break-even: never at this rate

Slippage from HTX: live order book, 11 min ago; OKX: live order book, 3 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, 11 min ago	2.69 bp	8.7 bp −$9	12.5 bp −$125	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.07 bp	5.4 bp −$5	7.0 bp −$70	13.4 bp −$1,341	doesn't fit

QQQ on 27 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 −0.0106% / S +0.0210%	1h	744.34	−0.046%	$25K	—	26x	as long as short
Aster QQQUSDT	0.0000%	8h	744.37	−0.042%	$841K	$713K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.41	−0.036%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAPshort	0.0000%	8h	744.25	−0.058%	$21.7M	$26.3M	50x
RISEx QQQ/USDC	0.0000%	1h	744.41	−0.036%	$5.4M	$7.7M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	743.97	−0.095%	$3.3M	$20.4M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	744.46	−0.030%	$16.9M	$5.8M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	744.78	+0.013%	$2K	$2.0M	10x	as long as short
HTX QQQ-USDTlong	0.0000%	8h	744.68	long leg	$257K	$29K	30x
Phemex QQQUSDT	0.0000%	8h	744.55	−0.017%	$360K	$1.4M	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX QQQUSDC	+0.0005%	4h	744.28	−0.053%	$761K	$334K	20x	as long as short
Ondo Perps QQQ-USD.P	+0.0015%	1h	743.42	−0.169%	$4.2M	$1.9M	20x	as long as short
Lighter QQQ	+0.0032%	1h	744.14	−0.073%	$7.7M	$17.1M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.54	−0.019%	$37.3M	$78.4M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0032%	1h	743.88	−0.107%	$1.2M	$532K	20x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.47	−0.162%	$705K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.29	+0.082%	—	$337K	50x	as long as short
Variational Omni QQQ	+0.0049%	8h	744.19	−0.066%	$17.1M	$7.5M	—	as long as short
Binance QQQUSDT	+0.0075%	8h	744.35	−0.044%	$71.2M	$144.5M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	744.06	−0.083%	$3.4M	$414K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	743.99	−0.093%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.07	−0.082%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.56	−0.150%	$93K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0116%	1h	743.96	−0.097%	$1.5M	$924K	20x	as long as short
Phoenix QQQ	+0.0161%	1h	743.99	−0.093%	$38K	$66K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0169%	8h	744.51	−0.023%	$322K	$1.9M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0234%	1h	744.19	−0.066%	$425K	$149K	20x	as long as short