Funding arb · Price arb /

QQQ

RWAall QQQ markets

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 0.000%

Price spread now: SunX against HTX+0.062%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$810.805% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.009%−$1 · spread now +0.062%, 7d avg +0.026%

Together, before fees−0.009%−$1 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: SunX is 0.036% dearer against HTX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX QQQ-USDT	744.08	0	get 0.0000% / 8h	6h 34m	$257K	$29K	30x
Short	SunX QQQ-USDT	744.54	0	get 0.0000% / 8h	6h 34m	$2K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.062%Rate

Funding earned: $0
Price spread: +0.062% → +0.026%: $3.62
Slippage, 4 orders: −$60.52
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$76.9
Costs to cover: 0.805%
Break-even: never at this rate

Slippage from HTX: live order book, 32 min ago; SunX: live order book, 2 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, 32 min ago	2.68 bp	8.7 bp −$9	9.9 bp −$99	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	11.00 bp	48.1 bp −$48	doesn't fit	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	−0.0159%	1h	742.98	−0.148%	$4.2M	$1.9M	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L −0.0097% / S +0.0203%	1h	744.09	+0.001%	$25K	—	26x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.03	−0.007%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	743.95	−0.017%	$21.5M	$25.6M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	743.67	−0.055%	$3.3M	$21.9M	50x	as long as short
SunX QQQ-USDTshort	0.0000%	8h	744.54	+0.062%	$2K	$2.1M	10x
HTX QQQ-USDTlong	0.0000%	8h	744.08	long leg	$257K	$29K	30x
Phemex QQQUSDT	0.0000%	8h	744.32	+0.032%	$361K	$1.4M	10x	as long as short
Aster QQQUSDT	+0.0008%	8h	744.08	+0.001%	$841K	$712K	20x	as long as short
BloFin QQQ-USDT	+0.0026%	8h	744.31	+0.031%	$1.1M	$319K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter QQQ	+0.0032%	1h	743.87	−0.028%	$7.8M	$17.7M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.33	+0.034%	$37.4M	$79.8M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.15	−0.125%	$703K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.04	+0.129%	—	$337K	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0048%	1h	743.40	−0.091%	$1.2M	$536K	20x	as long as short
Variational Omni QQQ	+0.0062%	8h	743.95	−0.018%	$17.1M	$7.6M	—	as long as short
Bitget QQQUSDT	+0.0062%	8h	744.13	+0.007%	$16.9M	$5.9M	20x	as long as short
Binance QQQUSDT	+0.0085%	8h	744.08	0.000%	$71.1M	$147.6M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	743.84	−0.032%	$3.4M	$405K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	743.62	−0.062%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	743.81	−0.036%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.30	−0.105%	$93K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0121%	1h	743.79	−0.039%	$1.5M	$1.0M	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0127%	1h	743.88	−0.027%	$425K	$148K	20x	as long as short
RISEx QQQ/USDC	+0.0168%	1h	744.15	+0.009%	$5.4M	$8.1M	25x	as long as short
Phoenix QQQ	+0.0183%	1h	743.66	−0.056%	$38K	$66K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0230%	8h	744.26	+0.025%	$318K	$1.8M	10x	as long as short
edgeX QQQUSDC	+0.0751%	4h	743.92	−0.021%	$761K	$334K	20x	as long as short