TQQQ Funding Rate — 3× Nasdaq-100 ETF tokenized stock perpetuals across 6 venues

Tokenized stock (xStock) perpetual · compared across 6 venues · net of estimated fees · updated every few minutes

TQQQ is a perpetual linked to the 3× Nasdaq-100 ETF index/ETF, traded on-chain as a tokenized xStock. Perpia compares its annualized funding across venues and the best delta-neutral spread.

Live annualized TQQQ perpetual funding across all 6 venues Perpia tracks. Right now TQQQ funding is positive on 3 and negative on 0, ranging from +18.5% on OKX to +0.0% on Aster — a spread of 18.5%. The widest delta-neutral trade is long Bybit / short OKX at 15.7% net APR.

6venues

3paying positive

18.5%funding spread

Best TQQQ spread now

15.7%

net APR after fees

LongBybit↗→ShortOKX↗

size depends on live venue depth — see the real cap in the scanner

TQQQ funding trend & liquidity

168h of history

18.5%current gross APR

17.1%24h average

13.1%7-day average

$2.1Mpair OI · lower leg

$3.7M24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

TQQQ · Bybit → OKX — no history

Loading TQQQ rate history…

Build a route

any two of the 6 venues

Long (pays you)every 8hShort (you collect)every 8h

Gross spread+18.5%+$5.07 / day on $10,000

Widest routes

This is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.

Venues: pick the two legs

sorted by rate · 6 venues

Venue	Funding APR ↓	Interval
OKX↗short	+18.5%	every 8h
Bitget↗	+7.7%	every 8h
MEXC↗	+5.0%	every 8h
Bybit↗long	+0.0%	every 8h
KuCoin↗	+0.0%	every 8h
Aster↗	+0.0%	every 8h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Bybit vs OKX page. 11 pairs scanned for TQQQ.

TQQQ arbitrage — 30-day backtest

long Bybit · short OKX

3.3%backtested APR

+$27historical net P&L on $10,000

0.06%max drawdown

$10,000$10,027

30 days agostarting capital $10,000today

Over the last 30 days, holding long Bybit / short OKX would have produced 3.3% APR — versus the 15.7% the live spread implies right now (equity $10,000 → $10,027). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

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TQQQ — FAQ

Is TQQQ funding positive right now?

TQQQ perpetual funding is positive on 3 of 6 venues Perpia tracks. The highest is +18.5% on OKX; the lowest is +0.0% on Aster.

What is the best TQQQ funding arbitrage right now?

Go long Bybit and short OKX for about 15.7% net APR after fees — the widest delta-neutral TQQQ spread Perpia currently sees.

Which exchange has the highest TQQQ funding rate?

OKX, at +18.5% annualized. Funding shifts continuously, so check the live table above before trading.

How TQQQ funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

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