Funding you earn now, next payment 10:00 UTC−0.0325%/8h= −35.5% APRnext payment −$0.41 per $10,000 · paid last 24h −0.052%
Price spread now: GMX against Arcus+0.136%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 0.136% dearer against Arcus than usual: you sell high and buy low (spread +0.136% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 33 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus QQQ-USD | 741.26 | 0.0040 | pay 0.0005% / 1h | 8m 47s | $650K | $1.4M | 25x |
| Short | GMX QQQ/USD [ETH-USDC] | 742.26 | L −0.0202% / S +0.0284% | pay 0.0036% / 1h | 8m 47s | $25K | — | 26x |
Arcus QQQ-USD
GMX QQQ/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Arcus. 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
- −$68.17
- Price spread: +0.136% → 0.000%
- $13.56
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$71.12
- Costs to cover
- 0.165%
- Break-even
- never at this rate
Slippage unknown: Arcus: 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 Arcus live order book, 3 min ago | 0.20 bp | 4.6 bp −$5 | 4.6 bp −$46 | 13.7 bp −$1,373 | 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 exchanges
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 −0.0202% / S +0.0284% | 1h | 742.26 | +0.136% | $25K | — | 26x | |
| Ondo Perps QQQ-USD.P | −0.0110% | 1h | 740.80 | −0.062% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0015% | 8h | 741.88 | +0.084% | $1.1M | $228K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.01 | +0.101% | $857K | $902K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.06 | +0.108% | $21.7M | $29.7M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.95 | +0.093% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.68 | +0.057% | $3.5M | $20.3M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.25 | +0.134% | $16.7M | $5.4M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.72 | +0.197% | $2K | $1.5M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.48 | +0.165% | $251K | $38K | 30x | as long as short |
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 742.45 | +0.161% | $362K | $1.6M | 10x | as long as short |
| Variational Omni QQQ | +0.0030% | 8h | 742.09 | +0.112% | $16.8M | $7.2M | — | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.86 | +0.081% | $7.5M | $15.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.31 | +0.142% | $38.4M | $78.4M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 741.31 | +0.007% | $1.2M | $527K | 20x | as long as short |
| Arcus QQQ-USDlong | +0.0040% | 1h | 741.26 | long leg | $650K | $1.4M | 25x | |
| Bybit QQQUSDT | +0.0044% | 8h | 742.19 | +0.125% | $10.6M | $4.9M | 50x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.10 | +0.248% | — | $337K | 50x | as long as short |
| Binance QQQUSDT | +0.0057% | 8h | 742.27 | +0.136% | $71.2M | $141.5M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.84 | +0.078% | $3.4M | $452K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.70 | +0.059% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.95 | +0.093% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.38 | +0.016% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0114% | 1h | 741.75 | +0.066% | $1.6M | $772K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0141% | 1h | 741.90 | +0.086% | $424K | $125K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0198% | 8h | 742.32 | +0.143% | $321K | $2.0M | 10x | as long as short |
| edgeX QQQUSDC | +0.0207% | 4h | 742.08 | +0.111% | $759K | $334K | 20x | as long as short |
| Phoenix QQQ | +0.0280% | 1h | 741.60 | +0.046% | $38K | $59K | 20x | as long as short |
Phemex QQQUSDT
Variational Omni QQQ
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Bybit QQQUSDT
Vest QQQ-USD-PERP
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
edgeX QQQUSDC
Phoenix QQQ