QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0207%/8h= +22.7% APRnext payment +$0.26 per $10,000 · paid last 24h +0.035%

Price spread now: Arcus against GMX−0.190%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Arcus

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Arcus is 0.190% cheaper against GMX than usual: you would sell low and buy high (spread −0.190% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 3.1 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX QQQ/USD [ETH-USDC]	742.91	L −0.0203% / S +0.0285%	get 0.0025% / 1h	53m 39s	$25K	—	26x
Short	Arcus QQQ-USD	741.50	0.0004	get 0.0001% / 1h	53m 39s	$657K	$1.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GMXbpFee ArcusbpOrdersPrice spread, now −0.190%Rate

Funding earned: $43.45
Price spread: −0.190% → 0.000%: −$19.05
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $7.9
Costs to cover: 0.165%
Break-even: 5.7 days

Slippage unknown: GMX: no order-book sample; Arcus: 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 Arcus live order book, 3 min ago	0.54 bp	5.7 bp −$6	6.0 bp −$60	doesn't fit	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 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]long	L −0.0203% / S +0.0285%	1h	742.91	long leg	$25K	—	26x
OKX QQQ-USDT-SWAP	0.0000%	8h	742.39	−0.071%	$22.1M	$30.8M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	742.29	−0.085%	$5.5M	$5.7M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	741.96	−0.129%	$3.6M	$19.7M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	742.67	−0.033%	$17.0M	$5.9M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	743.39	+0.064%	$2K	$1.5M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	0.0000%	1h	742.31	−0.081%	$398K	$103K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.87	−0.006%	$247K	$45K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	743.06	+0.020%	$360K	$1.7M	10x	as long as short
Ondo Perps QQQ-USD.P	+0.0002%	1h	741.38	−0.207%	$4.2M	$1.8M	20x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus QQQ-USDshort	+0.0004%	1h	741.50	−0.190%	$657K	$1.4M	25x
Aster QQQUSDT	+0.0005%	8h	742.37	−0.074%	$856K	$903K	20x	as long as short
BloFin QQQ-USDT	+0.0012%	8h	742.52	−0.053%	$1.1M	$241K	20x	as long as short
Bybit QQQUSDT	+0.0025%	8h	742.38	−0.072%	$10.7M	$5.0M	50x	as long as short
Lighter QQQ	+0.0032%	1h	741.85	−0.143%	$7.2M	$16.1M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.58	−0.045%	$38.8M	$75.8M	50x	as long as short
edgeX QQQUSDC	+0.0040%	4h	742.57	−0.046%	$759K	$335K	20x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	743.61	+0.094%	—	$337K	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0048%	1h	742.65	−0.036%	$1.2M	$538K	20x	as long as short
Variational Omni QQQ	+0.0076%	8h	742.48	−0.059%	$16.9M	$6.9M	—	as long as short
Binance QQQUSDT	+0.0097%	8h	742.62	−0.040%	$72.4M	$146.3M	25x	as long as short
Nado QQQ-PERP	+0.0098%	1h	742.28	−0.086%	$1.6M	$777K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.15	−0.103%	$3.4M	$504K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.16	−0.102%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	742.51	−0.055%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	742.04	−0.118%	$92K	$1K	10x	as long as short
GRVT QQQ_USDT_Perp	+0.0255%	8h	742.92	+0.001%	$319K	$2.1M	10x	as long as short
Phoenix QQQ	+0.0302%	1h	742.34	−0.077%	$38K	$59K	20x	as long as short