QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0407%/8h= −44.6% APRnext payment −$0.51 per $10,000 · paid last 24h −0.053%

Price spread now: GMX against Deribit+0.029%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. GMX is 0.029% dearer against Deribit than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit QQQ_USDC-PERPETUAL	742.61	0.0222	pay 0.0028% / 1h	6m 57s	$424K	$227K	20x
Short	GMX QQQ/USD [ETH-USDC]	742.83	L −0.0076% / S +0.0186%	pay 0.0023% / 1h	6m 57s	$25K	—	26x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Deribit. 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 DeribitbpFee GMXbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$85.54
Price spread: +0.029% → 0.000%: $2.9
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: −$101.65
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 12 min ago; GMX: 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 Deribit live order book, 12 min ago	0.07 bp	4.6 bp −$5	7.3 bp −$73	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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]short	L −0.0076% / S +0.0186%	1h	742.83	+0.029%	$25K	—	26x
Ondo Perps QQQ-USD.P	−0.0039%	1h	741.65	−0.129%	$4.2M	$2.1M	20x	as long as short
BloFin QQQ-USDT	−0.0026%	8h	742.22	−0.053%	$1.0M	$478K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	742.53	−0.011%	$840K	$780K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	742.65	+0.005%	$21.5M	$27.7M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	742.53	−0.011%	$3.1M	$32.8M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	743.27	+0.089%	$2K	$2.3M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	743.04	+0.058%	$257K	$26K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	743.33	+0.097%	$360K	$1.4M	10x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.97	+0.048%	$37.7M	$82.0M	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni QQQ	+0.0035%	8h	742.64	+0.005%	$17.6M	$10.4M	—	as long as short
Lighter QQQ	+0.0040%	1h	742.64	+0.004%	$7.8M	$21.6M	30x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.89	−0.097%	$737K	$1.4M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	743.23	+0.083%	—	$621K	50x	as long as short
Binance QQQUSDT	+0.0067%	8h	742.84	+0.031%	$70.0M	$160.8M	25x	as long as short
Bybit QQQUSDT	+0.0083%	8h	742.75	+0.019%	$10.7M	$5.4M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0088%	1h	742.43	−0.024%	$1.2M	$868K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.32	−0.039%	$3.4M	$429K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.39	−0.030%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	742.15	−0.062%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	742.05	−0.076%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0160%	1h	742.37	−0.032%	$1.5M	$1.3M	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0171%	8h	742.97	+0.048%	$319K	$1.8M	10x	as long as short
Bitget QQQUSDT	+0.0192%	8h	742.87	+0.035%	$16.9M	$7.0M	20x	as long as short
Deribit QQQ_USDC-PERPETUALlong	+0.0222%	1h	742.61	long leg	$424K	$227K	20x
Phoenix QQQ	+0.0259%	1h	742.40	−0.028%	$38K	$73K	20x	as long as short
RISEx QQQ/USDC	+0.0315%	1h	742.86	+0.034%	$5.3M	$9.0M	25x	as long as short
edgeX QQQUSDC	+0.0406%	4h	742.66	+0.007%	$759K	$335K	20x	as long as short