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

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h −0.009%
Price spread now: HTX against Coinbase International+0.112%7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$280.284% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.237%−$24 on $10k
Price spread, last 4 days (all we have)−0.249%−$25 · spread now +0.112%, 7d avg +0.086%
Together, before fees−0.486%−$49 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: HTX is 0.025% dearer against Coinbase International than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.086%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International QQQ-PERP-INTX743.800.0008pay 0.0001% / 1h7m 16s$1.2M$536K20x
ShortHTX QQQ-USDT744.630get 0.0000% / 8h4h 07m$257K$29K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Coinbase International. 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
−$1.68
Price spread: +0.112% → +0.086%
$2.55
Slippage, 4 orders
−$6.36
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$27.49
Costs to cover
0.284%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 1 min ago; HTX: live order book, 49 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 Coinbase International live order book, 1 min ago0.07 bp5.8 bp −$67.3 bp −$7332.7 bp −$3,269doesn't fit
Sell HTX live order book, 49 min ago2.68 bp8.7 bp −$919.4 bp −$194doesn'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 −0.0128% / S +0.0226%1h744.28+0.065%$25K26xas long as short
Ondo Perps QQQ-USD.P−0.0127%1h743.28−0.070%$4.2M$1.8M20xas long as short
Aster QQQUSDT0.0000%8h744.27+0.063%$841K$714K20xas long as short
Bybit QQQUSDT0.0000%8h744.29+0.066%$10.7M$5.0M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h744.08+0.038%$21.5M$26.9M50xas long as short
RISEx QQQ/USDC0.0000%1h744.36+0.075%$5.4M$7.4M25xas long as short
Gate QQQ_USDT0.0000%8h743.73−0.009%$3.3M$20.8M50xas long as short
Bitget QQQUSDT0.0000%8h744.39+0.079%$16.9M$5.6M20xas long as short
Variational Omni QQQ0.0000%8h744.11+0.041%$17.1M$7.4Mas long as short
SunX QQQ-USDT0.0000%8h744.73+0.125%$2K$1.9M10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX QQQ-USDTshort0.0000%8h744.63+0.112%$257K$29K30x
Phemex QQQUSDT0.0000%8h744.69+0.120%$360K$1.5M10xas long as short
Coinbase International QQQ-PERP-INTXlong+0.0008%1h743.80long leg$1.2M$536K20x
BloFin QQQ-USDT+0.0019%8h744.09+0.039%$1.1M$256K20xas long as short
Binance QQQUSDT+0.0024%8h744.28+0.064%$71.0M$141.4M25xas long as short
Lighter QQQ+0.0032%1h744.13+0.044%$7.7M$16.4M30xas long as short
Arcus QQQ-USD+0.0040%1h743.56−0.032%$698K$1.6M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h745.26+0.196%$337K50xas long as short
Lighter RH QQQ+0.0048%1h744.52+0.097%$37.0M$79.9M50xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0059%1h744.02+0.030%$425K$150K20xas long as short
GRVT QQQ_USDT_Perp+0.0091%8h744.38+0.077%$316K$1.9M10xas long as short
Nado QQQ-PERP+0.0096%1h743.94+0.019%$1.5M$817K20xas long as short
KuCoin QQQUSDTM+0.0100%8h743.90+0.013%$3.4M$363K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h743.89+0.012%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h744.00+0.027%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h743.43−0.050%$93K$1K10xas long as short
Phoenix QQQ+0.0129%1h743.81+0.001%$38K$66K20xas long as short
edgeX QQQUSDC+0.0993%4h744.11+0.042%$761K$334K20xas long as short