Funding arb · Price arb /

QQQ

RWAall QQQ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.034%

Price spread now: RISEx against HTX−0.057%7-day average +0.003% · you buy dearer than you sell

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−$250.250% of the position

Long on HTX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.200%+$20 on $10k

Price spread, last 4 days (all we have)+0.145%+$15 · spread now −0.057%, 7d avg +0.003%

Together, before fees+0.345%+$35 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: RISEx is 0.061% cheaper against HTX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX QQQ-USDT	743.48	0	get 0.0000% / 8h	5h 59m	$251K	$38K	30x
Short	RISEx QQQ/USDC	743.05	0	get 0.0000% / 1h	59m 19s	$5.5M	$5.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → +0.003%: −$6.07
Slippage, 4 orders: −$7.01
Fee HTX: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$31.07
Costs to cover: 0.250%
Break-even: never at this rate

Slippage from HTX: live order book, 50 min ago; RISEx: live order book, 2 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 HTX live order book, 50 min ago	2.56 bp	8.6 bp −$9	9.8 bp −$98	doesn't fit	doesn't fit
Sell RISEx live order book, 2 min ago	0.67 bp	3.7 bp −$4	4.0 bp −$40	doesn't fit	doesn't fit

QQQ on 28 exchanges

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 −0.0203% / S +0.0285%	1h	743.64	+0.022%	$25K	—	26x	as long as short
Aster QQQUSDT	0.0000%	8h	743.25	−0.031%	$855K	$903K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	743.02	−0.062%	$21.7M	$30.2M	50x	as long as short
RISEx QQQ/USDCshort	0.0000%	1h	743.05	−0.057%	$5.5M	$5.7M	25x
Gate QQQ_USDT	0.0000%	8h	742.78	−0.094%	$3.5M	$19.8M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	743.26	−0.030%	$17.0M	$5.9M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	743.96	+0.065%	$2K	$1.6M	10x	as long as short
HTX QQQ-USDTlong	0.0000%	8h	743.48	long leg	$251K	$38K	30x
Phemex QQQUSDT	0.0000%	8h	743.52	+0.005%	$361K	$1.6M	10x	as long as short
Ondo Perps QQQ-USD.P	+0.0001%	1h	742.28	−0.161%	$4.2M	$1.8M	20x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin QQQ-USDT	+0.0027%	8h	742.95	−0.071%	$1.1M	$230K	20x	as long as short
Lighter QQQ	+0.0032%	1h	742.79	−0.093%	$7.5M	$15.0M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	743.40	−0.011%	$38.5M	$76.0M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0032%	1h	742.73	−0.101%	$1.2M	$540K	20x	as long as short
Variational Omni QQQ	+0.0036%	8h	742.92	−0.075%	$16.8M	$7.0M	—	as long as short
Arcus QQQ-USD	+0.0040%	1h	742.27	−0.163%	$658K	$1.4M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	743.99	+0.069%	—	$337K	50x	as long as short
Bybit QQQUSDT	+0.0055%	8h	743.38	−0.013%	$10.6M	$4.8M	50x	as long as short
Binance QQQUSDT	+0.0064%	8h	743.19	−0.039%	$71.6M	$145.8M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.63	−0.114%	$3.4M	$461K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.58	−0.121%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	742.94	−0.073%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	742.39	−0.146%	$92K	$1K	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0114%	1h	742.78	−0.094%	$399K	$148K	20x	as long as short
edgeX QQQUSDC	+0.0166%	4h	742.84	−0.087%	$760K	$337K	20x	as long as short
Nado QQQ-PERP	+0.0168%	1h	742.98	−0.068%	$1.6M	$769K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0208%	8h	743.29	−0.026%	$319K	$2.0M	10x	as long as short
Phoenix QQQ	+0.0280%	1h	742.89	−0.079%	$38K	$59K	20x	as long as short