Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0273%/8h= −29.9% APRpaid last 24h −0.079%

Price spread now: GMX against Bitget+0.002%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on GMX

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget QQQUSDT	740.44	0	get 0.0000% / 8h	7h 21m	$16.5M	$5.1M	20x
Short	GMX QQQ/USD [ETH-USDC]	740.46	L −0.0187% / S +0.0273%	pay 0.0034% / 1h	21m 03s	$25K	—	26x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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 BitgetbpFee GMXbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$57.26
Price spread: +0.002% → 0.000%: $0.2
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$81.06
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 8 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 Bitget live order book, 8 min ago	0.07 bp	7.1 bp −$7	8.8 bp −$88	11.9 bp −$1,188	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 −0.0187% / S +0.0273%	1h	740.46	+0.002%	$25K	—	26x
BloFin QQQ-USDT	−0.0009%	8h	740.02	−0.057%	$1.1M	$278K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	739.72	−0.097%	$820K	$903K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	740.56	+0.016%	$10.6M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	740.16	−0.038%	$21.8M	$29.9M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	740.04	−0.054%	$5.4M	$5.7M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	739.65	−0.107%	$3.3M	$20.8M	50x	as long as short
Bitget QQQUSDTlong	0.0000%	8h	740.44	long leg	$16.5M	$5.1M	20x
Variational Omni QQQ	0.0000%	8h	739.24	−0.162%	$16.7M	$7.2M	—	as long as short
SunX QQQ-USDT	0.0000%	8h	740.78	+0.046%	$2K	$1.6M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit QQQ_USDC-PERPETUAL	0.0000%	1h	740.09	−0.047%	$423K	$128K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	739.76	−0.092%	$250K	$38K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	740.62	+0.024%	$365K	$1.6M	10x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0024%	1h	739.81	−0.085%	$1.2M	$499K	20x	as long as short
Binance QQQUSDT	+0.0029%	8h	740.42	−0.003%	$70.3M	$141.2M	25x	as long as short
Lighter QQQ	+0.0032%	1h	740.16	−0.038%	$7.6M	$15.5M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	740.58	+0.019%	$37.6M	$80.3M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	739.38	−0.143%	$647K	$1.5M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	741.30	+0.116%	—	$337K	50x	as long as short
Ondo Perps QQQ-USD.P	+0.0050%	1h	738.51	−0.261%	$4.2M	$1.8M	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	739.82	−0.084%	$3.4M	$391K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	739.50	−0.127%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	739.94	−0.068%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	739.46	−0.132%	$92K	$1K	10x	as long as short
GRVT QQQ_USDT_Perp	+0.0137%	8h	740.00	−0.059%	$314K	$2.0M	10x	as long as short
Nado QQQ-PERP	+0.0151%	1h	739.95	−0.067%	$1.6M	$747K	20x	as long as short
Phoenix QQQ	+0.0248%	1h	739.00	−0.194%	$38K	$65K	20x	as long as short
edgeX QQQUSDC	+0.0541%	4h	739.75	−0.093%	$756K	$335K	20x	as long as short