Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: HTX against Aevo+0.160%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.175%−$18 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. HTX is 0.160% dearer against Aevo than usual: you sell high and buy low (spread +0.160% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo QQQ-PERP	743.49	0.0104	pay 0.0013% / 1h	49m 53s	$93K	$1K	10x
Short	HTX QQQ-USDT	744.68	0	get 0.0000% / 8h	5h 49m	$257K	$29K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Aevo. 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 AevobpFee HTXbpOrdersPrice spread, now +0.160%Rate

Funding earned: −$21.84
Price spread: +0.160% → 0.000%: $15.99
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee HTX: 6 bp × 2 orders: −$12
Net: −$33.85
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; HTX: live order book, 12 min ago. Net counts fees only.

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 Aevo no order-book sample	—	—	—	—	—
Sell HTX live order book, 12 min ago	2.69 bp	8.7 bp −$9	17.6 bp −$176	doesn't fit	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	744.30	+0.109%	$25K	—	26x	as long as short
Aster QQQUSDT	0.0000%	8h	744.21	+0.097%	$841K	$713K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.36	+0.117%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.26	+0.103%	$21.7M	$26.3M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	744.34	+0.114%	$5.4M	$7.5M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	743.95	+0.062%	$3.3M	$20.5M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	744.46	+0.130%	$16.9M	$5.8M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	744.75	+0.169%	$2K	$2.0M	10x	as long as short
HTX QQQ-USDTshort	0.0000%	8h	744.68	+0.160%	$257K	$29K	30x
Phemex QQQUSDT	0.0000%	8h	744.62	+0.152%	$361K	$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	+0.107%	$761K	$334K	20x	as long as short
Ondo Perps QQQ-USD.P	+0.0010%	1h	743.42	−0.010%	$4.2M	$1.9M	20x	as long as short
Lighter QQQ	+0.0032%	1h	744.05	+0.075%	$7.7M	$17.1M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.48	+0.133%	$37.3M	$78.4M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0032%	1h	743.88	+0.052%	$1.2M	$532K	20x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.45	−0.006%	$705K	$1.5M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.25	+0.237%	—	$337K	50x	as long as short
Variational Omni QQQ	+0.0049%	8h	744.19	+0.094%	$17.1M	$7.5M	—	as long as short
Binance QQQUSDT	+0.0074%	8h	744.28	+0.106%	$71.2M	$144.5M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	744.02	+0.071%	$3.4M	$414K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	743.99	+0.067%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	743.96	+0.063%	$12K	$21K	20x	as long as short
Aevo QQQ-PERPlong	+0.0104%	1h	743.49	long leg	$93K	$1K	10x
Nado QQQ-PERP	+0.0114%	1h	744.04	+0.074%	$1.5M	$923K	20x	as long as short
Phoenix QQQ	+0.0161%	1h	743.99	+0.067%	$38K	$66K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0169%	8h	744.51	+0.137%	$322K	$1.9M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0247%	1h	744.13	+0.086%	$425K	$149K	20x	as long as short