Settings8H · net · $10k
Funding arb · Price arb /

QQQ

RWAall QQQ markets
SwapBacktest
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: HTX against OKX+0.042%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$280.276% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.036%−$4 on $10k
Price spread, last 4 days (all we have)−0.202%−$20 · spread now +0.042%, 7d avg +0.030%
Together, before fees−0.238%−$24 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX QQQ-USDT-SWAP743.950get 0.0000% / 8h5h 22m$21.7M$26.3M50x
ShortHTX QQQ-USDT744.260get 0.0000% / 8h5h 22m$257K$29K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against OKX. 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

Funding earned
$0
Price spread: +0.042% → +0.030%
$1.12
Slippage, 4 orders
−$5.56
Fee OKX: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$26.44
Costs to cover
0.276%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; HTX: live order book, 39 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 1 min ago0.07 bp5.1 bp −$56.1 bp −$6112.9 bp −$1,292doesn't fit
Sell HTX live order book, 39 min ago2.69 bp8.7 bp −$917.6 bp −$176doesn't fitdoesn't fit

QQQ on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX QQQ/USD [ETH-USDC]L −0.0112% / S +0.0214%1h744.02+0.010%$25K26xas long as short
Ondo Perps QQQ-USD.P−0.0054%1h742.77−0.159%$4.2M$1.8M20xas long as short
Aster QQQUSDT0.0000%8h744.01+0.008%$841K$713K20xas long as short
Bybit QQQUSDT0.0000%8h744.11+0.022%$10.7M$5.0M50xas long as short
OKX QQQ-USDT-SWAPlong0.0000%8h743.95long leg$21.7M$26.3M50x
RISEx QQQ/USDC0.0000%1h744.06+0.015%$5.4M$7.5M25xas long as short
Gate QQQ_USDT0.0000%8h743.56−0.052%$3.3M$21.2M50xas long as short
Bitget QQQUSDT0.0000%8h744.33+0.051%$16.9M$5.7M20xas long as short
SunX QQQ-USDT0.0000%8h744.46+0.069%$2K$2.0M10xas long as short
Deribit QQQ_USDC-PERPETUAL0.0000%1h743.70−0.034%$425K$149K20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX QQQ-USDTshort0.0000%8h744.26+0.042%$257K$29K30x
Phemex QQQUSDT0.0000%8h744.31+0.048%$361K$1.5M10xas long as short
BloFin QQQ-USDT+0.0008%8h743.97+0.003%$1.1M$303K20xas long as short
Variational Omni QQQ+0.0032%8h743.92−0.004%$17.1M$7.5Mas long as short
Lighter QQQ+0.0032%1h743.81−0.019%$7.7M$17.1M30xas long as short
Lighter RH QQQ+0.0032%1h744.27+0.043%$37.3M$79.5M50xas long as short
Coinbase International QQQ-PERP-INTX+0.0032%1h743.51−0.059%$1.2M$534K20xas long as short
Arcus QQQ-USD+0.0040%1h743.10−0.114%$694K$1.6M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h744.99+0.140%$337K50xas long as short
Binance QQQUSDT+0.0062%8h744.02+0.009%$71.1M$143.2M25xas long as short
Nado QQQ-PERP+0.0089%1h743.66−0.039%$1.5M$920K20xas long as short
KuCoin QQQUSDTM+0.0100%8h743.77−0.024%$3.4M$405K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h743.61−0.046%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h743.73−0.030%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h743.19−0.102%$92K$1K10xas long as short
GRVT QQQ_USDT_Perp+0.0140%8h744.18+0.030%$319K$1.9M10xas long as short
Phoenix QQQ+0.0161%1h743.64−0.042%$38K$66K20xas long as short
edgeX QQQUSDC+0.0742%4h743.88−0.009%$761K$334K20xas long as short