Funding arb · Price arb /

QQQ

RWAall QQQ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0879%/8h= −96.2% APRpaid last 24h −0.092%

Price spread now: GMX against edgeX+0.068%7-day average — · you sell dearer than you buy

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

Long on edgeX 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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. GMX is 0.068% dearer against edgeX than usual: you sell high and buy low (spread +0.068% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$26 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	edgeX QQQUSDC	743.23	0.0649	pay 0.0325% / 4h	3h 46m	$760K	$335K	20x
Short	GMX QQQ/USD [ETH-USDC]	743.74	L −0.0132% / S +0.0230%	pay 0.0029% / 1h	46m 54s	$25K	—	26x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against edgeX. 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 edgeXbpFee GMXbpOrdersPrice spread, now +0.068%Rate

Funding earned: −$184.55
Price spread: +0.068% → 0.000%: $6.81
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$198.73
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 7 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 edgeX live order book, 7 min ago	4.10 bp	8.6 bp −$9	9.6 bp −$96	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 −0.0132% / S +0.0230%	1h	743.74	+0.068%	$25K	—	26x
Ondo Perps QQQ-USD.P	−0.0027%	1h	742.29	−0.126%	$4.2M	$1.8M	20x	as long as short
BloFin QQQ-USDT	−0.0007%	8h	743.60	+0.050%	$1.1M	$256K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	743.79	+0.076%	$840K	$714K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	743.83	+0.081%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	743.49	+0.035%	$21.5M	$26.9M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	743.23	0.000%	$3.3M	$20.7M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	743.92	+0.093%	$16.9M	$5.5M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	743.43	+0.028%	$17.1M	$7.4M	—	as long as short
SunX QQQ-USDT	0.0000%	8h	744.19	+0.129%	$2K	$1.9M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International QQQ-PERP-INTX	0.0000%	1h	742.64	−0.079%	$1.2M	$536K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	743.53	+0.041%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	744.16	+0.125%	$360K	$1.6M	10x	as long as short
RISEx QQQ/USDC	+0.0010%	1h	743.89	+0.089%	$5.4M	$7.3M	25x	as long as short
Binance QQQUSDT	+0.0012%	8h	743.71	+0.065%	$70.9M	$141.3M	25x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0019%	1h	743.52	+0.039%	$425K	$150K	20x	as long as short
Lighter QQQ	+0.0032%	1h	743.57	+0.046%	$7.7M	$15.8M	30x	as long as short
Arcus QQQ-USD	+0.0040%	1h	742.88	−0.047%	$704K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	744.71	+0.199%	—	$337K	50x	as long as short
Lighter RH QQQ	+0.0048%	1h	744.03	+0.108%	$37.0M	$78.1M	50x	as long as short
GRVT QQQ_USDT_Perp	+0.0079%	8h	743.34	+0.015%	$326K	$1.9M	10x	as long as short
Nado QQQ-PERP	+0.0095%	1h	743.51	+0.038%	$1.5M	$782K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	743.37	+0.019%	$3.4M	$342K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.82	−0.055%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	743.52	+0.039%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.00	−0.031%	$92K	$1K	10x	as long as short
Phoenix QQQ	+0.0118%	1h	743.09	−0.019%	$38K	$66K	20x	as long as short
edgeX QQQUSDClong	+0.0649%	4h	743.23	long leg	$760K	$335K	20x