Funding you earn now, next payment 04:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.010%
Price spread now: HTX against Arcus+0.141%7-day average +0.164% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$280.283% of the position
Funding, last 4 days (all we have)−0.032%−$3 on $10k
+Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.141%, 7d avg +0.164%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 0.023% cheaper against Arcus than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.164%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus QQQ-USD | 743.60 | 0.0040 | pay 0.0005% / 1h | 10m 08s | $698K | $1.6M | 25x |
| Short | HTX QQQ-USDT | 744.65 | 0 | get 0.0000% / 8h | 4h 10m | $257K | $29K | 30x |
Arcus QQQ-USD
HTX QQQ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$8.46
- Price spread: +0.141% → +0.164%
- −$2.3
- Slippage, 4 orders
- −$11.8
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$39.06
- Costs to cover
- 0.283%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 4 min ago; HTX: live order book, 47 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 Arcus live order book, 4 min ago | 0.74 bp | 4.0 bp −$4 | 6.6 bp −$66 | 24.2 bp −$2,417 | doesn't fit |
| Sell HTX live order book, 47 min ago | 2.68 bp | 8.7 bp −$9 | 19.4 bp −$194 | 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 | −0.0134% | 1h | 743.24 | −0.048% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0127% / S +0.0226% | 1h | 744.34 | +0.099% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | 0.0000% | 8h | 744.14 | +0.073% | $1.1M | $261K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.31 | +0.095% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.29 | +0.093% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.09 | +0.066% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.37 | +0.104% | $5.4M | $7.4M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.74 | +0.019% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.45 | +0.114% | $16.9M | $5.7M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 744.11 | +0.068% | $17.1M | $7.4M | — | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 744.73 | +0.152% | $2K | $1.9M | 10x | as long as short |
| HTX QQQ-USDTshort | 0.0000% | 8h | 744.65 | +0.141% | $257K | $29K | 30x | |
| Phemex QQQUSDT | 0.0000% | 8h | 744.73 | +0.152% | $361K | $1.5M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0008% | 1h | 743.80 | +0.027% | $1.2M | $536K | 20x | as long as short |
| Binance QQQUSDT | +0.0024% | 8h | 744.31 | +0.095% | $71.0M | $141.5M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.15 | +0.074% | $7.7M | $16.4M | 30x | as long as short |
| Arcus QQQ-USDlong | +0.0040% | 1h | 743.60 | long leg | $698K | $1.6M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.25 | +0.222% | — | $337K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0046% | 1h | 744.03 | +0.058% | $425K | $150K | 20x | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 744.59 | +0.133% | $36.9M | $79.8M | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0092% | 8h | 744.39 | +0.106% | $324K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0095% | 1h | 743.92 | +0.043% | $1.5M | $834K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.93 | +0.044% | $3.4M | $363K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.90 | +0.040% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.03 | +0.058% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.48 | −0.016% | $93K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 743.93 | +0.044% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0627% | 4h | 744.18 | +0.079% | $761K | $336K | 20x | as long as short |
SunX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Lighter QQQ
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
Lighter RH QQQ
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC