Funding you earn now, next payment 08:00 UTC−0.0447%/8h= −48.9% APRnext payment −$0.56 per $10,000 · paid last 24h −0.051%
Price spread now: GMX against Deribit+0.021%66s7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. GMX is 0.021% dearer against Deribit than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 4 hours. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit QQQ_USDC-PERPETUAL | 741.59 | 0.0182 | pay 0.0023% / 1h | 6m 24s | $424K | $156K | 20x |
| Short | GMX QQQ/USD [ETH-USDC] | 741.75 | L −0.0177% / S +0.0265% | pay 0.0033% / 1h | 6m 24s | $25K | — | 26x |
Deribit QQQ_USDC-PERPETUAL
GMX QQQ/USD [ETH-USDC]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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$93.86
- Price spread: +0.021% → 0.000%
- $2.09
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$110.77
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 32 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, 32 min ago | 0.07 bp | 3.6 bp −$4 | 4.3 bp −$43 | 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 −0.0177% / S +0.0265% | 1h | 741.75 | +0.021% | $25K | — | 26x | |
| Ondo Perps QQQ-USD.P | −0.0118% | 1h | 740.71 | −0.119% | $4.2M | $1.8M | 20x | as long as short |
| Gate QQQ_USDT | −0.0094% | 8h | 741.28 | −0.042% | $3.3M | $21.7M | 50x | as long as short |
| BloFin QQQ-USDT | −0.0019% | 8h | 741.34 | −0.034% | $1.1M | $274K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.81 | +0.030% | $824K | $864K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.73 | +0.019% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.56 | −0.004% | $21.5M | $28.4M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.62 | +0.003% | $5.4M | $5.9M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 741.91 | +0.043% | $16.5M | $5.3M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.57 | −0.002% | $16.8M | $7.2M | — | as long as short |
Ondo Perps QQQ-USD.P
Gate QQQ_USDT
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
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 | 742.04 | +0.061% | $2K | $1.7M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.03 | +0.059% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.00 | +0.055% | $358K | $1.6M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.14 | −0.061% | $1.2M | $487K | 20x | as long as short |
| Binance QQQUSDT | +0.0025% | 8h | 741.84 | +0.034% | $70.3M | $140.6M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.66 | +0.009% | $7.7M | $15.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.00 | +0.055% | $37.4M | $81.5M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 740.84 | −0.101% | $647K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.70 | +0.150% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.41 | −0.024% | $3.4M | $356K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.13 | −0.062% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.52 | −0.009% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.04 | −0.074% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0139% | 1h | 741.27 | −0.044% | $1.6M | $745K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0144% | 8h | 741.77 | +0.024% | $314K | $2.0M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUALlong | +0.0182% | 1h | 741.59 | long leg | $424K | $156K | 20x | |
| Phoenix QQQ | +0.0227% | 1h | 741.17 | −0.057% | $38K | $65K | 20x | as long as short |
| edgeX QQQUSDC | +0.0942% | 4h | 741.62 | +0.004% | $758K | $335K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
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
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC