Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0193%/8h= −21.1% APRpaid last 24h −0.021%

Price spread now: GMX against Gate+0.054%7-day average — · you sell dearer than you buy

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

Long on Gate 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 0.054% dearer against Gate than usual: you sell high and buy low (spread +0.054% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate QQQ_USDT	743.87	0	get 0.0000% / 8h	7h 36m	$3.2M	$27.4M	50x
Short	GMX QQQ/USD [ETH-USDC]	744.27	L −0.0084% / S +0.0193%	pay 0.0024% / 1h	36m 00s	$25K	—	26x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Gate. 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 GatebpFee GMXbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$40.45
Price spread: +0.054% → 0.000%: $5.44
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: −$62
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 3 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 Gate live order book, 3 min ago	0.07 bp	9.2 bp −$9	15.2 bp −$152	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
Ondo Perps QQQ-USD.P	−0.0363%	1h	742.15	−0.231%	$4.2M	$2.0M	20x	as long as short
GMX QQQ/USD [ETH-USDC]short	L −0.0084% / S +0.0193%	1h	744.27	+0.054%	$25K	—	26x
BloFin QQQ-USDT	−0.0014%	8h	744.05	+0.024%	$1.1M	$318K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	743.91	+0.006%	$841K	$739K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.13	+0.035%	$21.5M	$25.1M	50x	as long as short
Gate QQQ_USDTlong	0.0000%	8h	743.87	long leg	$3.2M	$27.4M	50x
SunX QQQ-USDT	0.0000%	8h	744.72	+0.114%	$2K	$2.2M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	744.29	+0.056%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	744.50	+0.085%	$361K	$1.4M	10x	as long as short
Lighter QQQ	+0.0032%	1h	744.04	+0.023%	$7.6M	$18.2M	30x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH QQQ	+0.0032%	1h	744.42	+0.074%	$37.3M	$79.7M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.45	−0.056%	$747K	$1.5M	25x	as long as short
Bybit QQQUSDT	+0.0041%	8h	744.20	+0.044%	$10.7M	$4.9M	50x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	744.77	+0.121%	—	$306K	50x	as long as short
Variational Omni QQQ	+0.0046%	8h	744.16	+0.039%	$17.1M	$9.8M	—	as long as short
Coinbase International QQQ-PERP-INTX	+0.0064%	1h	743.73	−0.019%	$1.2M	$552K	20x	as long as short
Binance QQQUSDT	+0.0074%	8h	744.28	+0.055%	$71.1M	$153.2M	25x	as long as short
edgeX QQQUSDC	+0.0087%	4h	744.00	+0.017%	$761K	$336K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	743.83	−0.005%	$3.4M	$414K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	743.72	−0.020%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	743.96	+0.012%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.48	−0.053%	$93K	$1K	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0113%	1h	744.05	+0.024%	$425K	$147K	20x	as long as short
Nado QQQ-PERP	+0.0116%	1h	743.88	+0.001%	$1.5M	$1.2M	20x	as long as short
Bitget QQQUSDT	+0.0177%	8h	744.33	+0.062%	$16.9M	$6.6M	20x	as long as short
RISEx QQQ/USDC	+0.0208%	1h	744.28	+0.055%	$5.5M	$8.7M	25x	as long as short
Phoenix QQQ	+0.0258%	1h	743.74	−0.017%	$38K	$66K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0268%	8h	744.26	+0.052%	$316K	$1.8M	10x	as long as short