Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Aevo against HTX−0.074%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Aevo

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

Funding pays, the price is against you. Aevo is 0.074% cheaper against HTX than usual: you would sell low and buy high (spread −0.074% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX QQQ-USDT	743.15	0	get 0.0000% / 8h	37m 51s	$257K	$26K	30x
Short	Aevo QQQ-PERP	742.60	0.0104	get 0.0013% / 1h	37m 51s	$92K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo 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 AevobpOrdersPrice spread, now −0.074%Rate

Funding earned: $21.84
Price spread: −0.074% → 0.000%: −$7.42
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$13.58
Costs to cover: 0.280%
Break-even: 11.4 days

Slippage unknown: HTX: live order book, 39 min ago; Aevo: no order-book sample. 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 HTX live order book, 39 min ago	2.69 bp	8.7 bp −$9	9.9 bp −$99	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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 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
GMX QQQ/USD [ETH-USDC]	L −0.0072% / S +0.0183%	1h	743.30	+0.021%	$25K	—	26x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	743.15	0.000%	$21.6M	$27.7M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	742.80	−0.047%	$3.1M	$32.8M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	743.73	+0.078%	$1K	$2.3M	10x	as long as short
HTX QQQ-USDTlong	0.0000%	8h	743.15	long leg	$257K	$26K	30x
Phemex QQQUSDT	0.0000%	8h	743.94	+0.106%	$361K	$1.4M	10x	as long as short
Aster QQQUSDT	0.0000%	8h	743.31	+0.022%	$841K	$783K	20x	as long as short
BloFin QQQ-USDT	+0.0004%	8h	743.09	−0.008%	$1.1M	$469K	20x	as long as short
Arcus QQQ-USD	+0.0040%	1h	742.69	−0.062%	$738K	$1.4M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	743.74	+0.079%	—	$621K	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH QQQ	+0.0048%	1h	743.48	+0.044%	$37.5M	$79.2M	50x	as long as short
Variational Omni QQQ	+0.0050%	8h	743.30	+0.020%	$17.6M	$10.3M	—	as long as short
Ondo Perps QQQ-USD.P	+0.0050%	1h	742.02	−0.152%	$4.2M	$2.1M	20x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0072%	1h	742.80	−0.047%	$1.2M	$866K	20x	as long as short
Binance QQQUSDT	+0.0079%	8h	743.33	+0.024%	$71.0M	$160.6M	25x	as long as short
Lighter QQQ	+0.0080%	1h	743.20	+0.007%	$7.6M	$20.9M	30x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.88	−0.036%	$3.4M	$423K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.85	−0.040%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	743.07	−0.011%	$12K	$21K	20x	as long as short
Bybit QQQUSDT	+0.0101%	8h	743.39	+0.032%	$10.7M	$5.2M	50x	as long as short
Aevo QQQ-PERPshort	+0.0104%	1h	742.60	−0.074%	$92K	$1K	10x
Nado QQQ-PERP	+0.0181%	1h	742.78	−0.050%	$1.5M	$1.3M	20x	as long as short
Bitget QQQUSDT	+0.0191%	8h	743.37	+0.030%	$16.9M	$7.1M	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0192%	8h	743.51	+0.048%	$323K	$1.8M	10x	as long as short
RISEx QQQ/USDC	+0.0193%	1h	743.46	+0.042%	$5.4M	$8.9M	25x	as long as short
Phoenix QQQ	+0.0194%	1h	743.04	−0.015%	$38K	$73K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0194%	1h	743.06	−0.012%	$424K	$173K	20x	as long as short
edgeX QQQUSDC	+0.0437%	4h	743.22	+0.010%	$760K	$335K	20x	as long as short