Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: HTX against OKX+0.070%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$280.275% of the position

Long on OKX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 4 days (all we have)−0.126%−$13 · spread now +0.070%, 7d avg +0.031%

Together, before fees−0.162%−$16 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 0.039% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX QQQ-USDT-SWAP	744.29	0	get 0.0000% / 8h	4h 34m	$21.5M	$26.9M	50x
Short	HTX QQQ-USDT	744.81	0	get 0.0000% / 8h	4h 34m	$257K	$29K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against OKX. 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 OKXbpFee HTXbpOrdersPrice spread, now +0.070%Rate

Funding earned: $0
Price spread: +0.070% → +0.031%: $3.92
Slippage, 4 orders: −$5.53
Fee OKX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$23.61
Costs to cover: 0.275%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; HTX: live order book, 23 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 OKX live order book, 5 min ago	0.07 bp	5.1 bp −$5	6.4 bp −$64	13.5 bp −$1,347	doesn't fit
Sell HTX live order book, 23 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	−0.0145%	1h	743.21	−0.145%	$4.2M	$1.8M	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L −0.0122% / S +0.0222%	1h	744.47	+0.024%	$25K	—	26x	as long as short
Aster QQQUSDT	0.0000%	8h	744.47	+0.024%	$841K	$714K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.30	+0.001%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAPlong	0.0000%	8h	744.29	long leg	$21.5M	$26.9M	50x
RISEx QQQ/USDC	0.0000%	1h	744.52	+0.031%	$5.4M	$7.5M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	743.83	−0.062%	$3.3M	$20.8M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	744.61	+0.043%	$16.9M	$5.7M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	744.91	+0.083%	$2K	$1.9M	10x	as long as short
HTX QQQ-USDTshort	0.0000%	8h	744.81	+0.070%	$257K	$29K	30x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex QQQUSDT	0.0000%	8h	744.64	+0.047%	$362K	$1.5M	10x	as long as short
Variational Omni QQQ	+0.0002%	8h	744.38	+0.013%	$17.1M	$7.5M	—	as long as short
Coinbase International QQQ-PERP-INTX	+0.0008%	1h	743.96	−0.044%	$1.2M	$536K	20x	as long as short
BloFin QQQ-USDT	+0.0026%	8h	744.30	+0.001%	$1.1M	$271K	20x	as long as short
Lighter QQQ	+0.0032%	1h	744.26	−0.004%	$7.7M	$16.3M	30x	as long as short
Binance QQQUSDT	+0.0040%	8h	744.46	+0.023%	$71.1M	$141.8M	25x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.76	−0.071%	$700K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.45	+0.156%	—	$337K	50x	as long as short
Lighter RH QQQ	+0.0048%	1h	744.72	+0.058%	$36.9M	$78.9M	50x	as long as short
Nado QQQ-PERP	+0.0096%	1h	744.09	−0.026%	$1.5M	$876K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	744.11	−0.024%	$3.4M	$388K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	744.11	−0.024%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.17	−0.016%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.63	−0.088%	$93K	$1K	10x	as long as short
GRVT QQQ_USDT_Perp	+0.0110%	8h	744.62	+0.044%	$319K	$1.9M	10x	as long as short
Phoenix QQQ	+0.0129%	1h	744.01	−0.038%	$38K	$66K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0315%	1h	744.40	+0.015%	$425K	$149K	20x	as long as short
edgeX QQQUSDC	+0.0680%	4h	744.36	+0.010%	$761K	$334K	20x	as long as short