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

QQQ

RWAall QQQ markets
SwapBacktest
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 0.000%
Price spread now: HTX against Phemex−0.011%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$830.829% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.131%−$13 · spread now −0.011%, 7d avg −0.012%
Together, before fees−0.131%−$13 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex QQQUSDT744.890get 0.0000% / 8h4h 34m$362K$1.5M10x
ShortHTX QQQ-USDT744.810get 0.0000% / 8h4h 34m$257K$29K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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
$0
Price spread: −0.011% → −0.012%
$0.14
Slippage, 4 orders
−$58.86
Fee Phemex: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
−$82.72
Costs to cover
0.829%
Break-even
never at this rate
Slippage from Phemex: live order book, 3 min ago; HTX: live order book, 22 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 Phemex live order book, 3 min ago2.08 bp33.3 bp −$33doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 22 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
Ondo Perps QQQ-USD.P−0.0145%1h743.21−0.226%$4.2M$1.8M20xas long as short
GMX QQQ/USD [ETH-USDC]L −0.0122% / S +0.0222%1h744.47−0.057%$25K26xas long as short
Aster QQQUSDT0.0000%8h744.41−0.064%$841K$714K20xas long as short
Bybit QQQUSDT0.0000%8h744.35−0.072%$10.7M$5.0M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h744.29−0.081%$21.5M$26.9M50xas long as short
RISEx QQQ/USDC0.0000%1h744.52−0.050%$5.4M$7.5M25xas long as short
Gate QQQ_USDT0.0000%8h743.84−0.141%$3.3M$20.8M50xas long as short
Bitget QQQUSDT0.0000%8h744.61−0.038%$16.9M$5.7M20xas long as short
SunX QQQ-USDT0.0000%8h744.96+0.009%$2K$1.9M10xas long as short
HTX QQQ-USDTshort0.0000%8h744.81−0.011%$257K$29K30x
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex QQQUSDTlong0.0000%8h744.89long leg$362K$1.5M10x
Variational Omni QQQ+0.0002%8h744.38−0.068%$17.1M$7.5Mas long as short
Coinbase International QQQ-PERP-INTX+0.0008%1h743.96−0.125%$1.2M$536K20xas long as short
BloFin QQQ-USDT+0.0026%8h744.30−0.079%$1.1M$271K20xas long as short
Lighter QQQ+0.0032%1h744.26−0.085%$7.7M$16.3M30xas long as short
Binance QQQUSDT+0.0040%8h744.47−0.056%$71.1M$141.8M25xas long as short
Arcus QQQ-USD+0.0040%1h743.76−0.152%$700K$1.6M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h745.45+0.075%$337K50xas long as short
Lighter RH QQQ+0.0048%1h744.72−0.023%$36.9M$78.9M50xas long as short
Nado QQQ-PERP+0.0096%1h744.09−0.107%$1.5M$876K20xas long as short
KuCoin QQQUSDTM+0.0100%8h744.11−0.105%$3.4M$388K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h744.11−0.105%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h744.19−0.094%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h743.67−0.164%$93K$1K10xas long as short
GRVT QQQ_USDT_Perp+0.0110%8h744.62−0.036%$319K$1.9M10xas long as short
Phoenix QQQ+0.0129%1h744.01−0.118%$38K$66K20xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0274%1h744.41−0.064%$425K$149K20xas long as short
edgeX QQQUSDC+0.0680%4h744.36−0.071%$761K$334K20xas long as short