Funding you earn now, next payment 07:00 UTC+0.0158%/8h= +17.3% APRpaid last 24h +0.010%
Price spread now: OKX against GMX−0.030%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Funding pays, the price is against you. OKX is 0.030% cheaper against GMX than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 15 hours of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX QQQ/USD [ETH-USDC] | 741.90 | L −0.0158% / S +0.0250% | get 0.0020% / 1h | 40m 42s | $25K | — | 26x |
| Short | OKX QQQ-USDT-SWAP | 741.68 | 0 | get 0.0000% / 8h | 1h 40m | $21.5M | $28.3M | 50x |
GMX QQQ/USD [ETH-USDC]
OKX QQQ-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $33.16
- Price spread: −0.030% → 0.000%
- −$3.03
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $8.13
- Costs to cover
- 0.220%
- Break-even
- 5.3 days
Slippage unknown: GMX: no order-book sample; OKX: live order book, 3 min ago. 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 GMX no order-book sample | — | — | — | — | — |
| Sell OKX live order book, 3 min ago | 0.07 bp | 5.1 bp −$5 | 6.0 bp −$60 | 13.6 bp −$1,358 | doesn't fit |
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]long | L −0.0158% / S +0.0250% | 1h | 741.90 | long leg | $25K | — | 26x | |
| Ondo Perps QQQ-USD.P | −0.0030% | 1h | 740.94 | −0.130% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0011% | 8h | 741.77 | −0.018% | $1.1M | $278K | 20x | as long as short |
| Gate QQQ_USDT | −0.0001% | 8h | 741.26 | −0.087% | $3.3M | $21.5M | 50x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.78 | −0.016% | $823K | $858K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.82 | −0.011% | $10.5M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAPshort | 0.0000% | 8h | 741.68 | −0.030% | $21.5M | $28.3M | 50x | |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.72 | −0.025% | $5.5M | $6.3M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.00 | +0.013% | $16.6M | $5.6M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.78 | −0.017% | $16.9M | $7.3M | — | as long as short |
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Gate QQQ_USDT
Aster QQQUSDT
Bybit QQQUSDT
RISEx QQQ/USDC
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 742.36 | +0.061% | $2K | $1.8M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 741.96 | +0.007% | $250K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.05 | +0.020% | $360K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0001% | 8h | 741.88 | −0.003% | $70.1M | $145.4M | 25x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.73 | −0.024% | $1.2M | $550K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.66 | −0.033% | $7.6M | $15.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0040% | 1h | 742.06 | +0.021% | $36.9M | $80.0M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.05 | −0.115% | $686K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.82 | +0.123% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.50 | −0.055% | $3.4M | $352K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.52 | −0.052% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.61 | −0.040% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.11 | −0.108% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0111% | 8h | 742.20 | +0.040% | $318K | $2.0M | 10x | as long as short |
| Nado QQQ-PERP | +0.0145% | 1h | 741.52 | −0.051% | $1.5M | $758K | 20x | as long as short |
| Phoenix QQQ | +0.0205% | 1h | 741.77 | −0.018% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0211% | 4h | 741.89 | −0.003% | $759K | $336K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0276% | 1h | 741.70 | −0.028% | $424K | $154K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC
Deribit QQQ_USDC-PERPETUAL