Funding you earn now, next payment 05:00 UTC−0.0230%/8h= −25.2% APRpaid last 24h −0.041%
Price spread now: GMX against Bybit+0.009%7-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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit QQQUSDT | 743.55 | 0 | get 0.0000% / 8h | 3h 42m | $10.7M | $5.0M | 50x |
| Short | GMX QQQ/USD [ETH-USDC] | 743.62 | L −0.0133% / S +0.0230% | pay 0.0029% / 1h | 42m 01s | $25K | — | 26x |
Bybit QQQUSDT
GMX QQQ/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Bybit. 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
- −$48.39
- Price spread: +0.009% → 0.000%
- $0.87
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$70.52
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago | 0.40 bp | 7.9 bp −$8 | 12.3 bp −$123 | 75.0 bp −$7,496 | 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 −0.0133% / S +0.0230% | 1h | 743.62 | +0.009% | $25K | — | 26x | |
| Ondo Perps QQQ-USD.P | −0.0035% | 1h | 742.52 | −0.139% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0011% | 8h | 743.43 | −0.016% | $1.1M | $256K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.48 | −0.010% | $840K | $714K | 20x | as long as short |
| Bybit QQQUSDTlong | 0.0000% | 8h | 743.55 | long leg | $10.7M | $5.0M | 50x | |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.47 | −0.011% | $21.5M | $26.9M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.05 | −0.067% | $3.3M | $20.9M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.71 | +0.022% | $16.9M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.66 | +0.015% | $17.1M | $7.4M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.07 | +0.070% | $2K | $1.9M | 10x | as long as short |
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.64 | −0.122% | $1.2M | $536K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.82 | +0.036% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.75 | +0.027% | $361K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0007% | 8h | 743.59 | +0.005% | $70.9M | $141.2M | 25x | as long as short |
| RISEx QQQ/USDC | +0.0010% | 1h | 743.62 | +0.009% | $5.4M | $7.3M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.47 | −0.011% | $7.7M | $15.8M | 30x | as long as short |
| Lighter RH QQQ | +0.0040% | 1h | 743.86 | +0.042% | $37.0M | $78.5M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.88 | −0.090% | $703K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.55 | +0.134% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0076% | 8h | 743.87 | +0.043% | $326K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0089% | 1h | 743.27 | −0.037% | $1.5M | $773K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.32 | −0.031% | $3.4M | $342K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.33 | −0.030% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.29 | −0.035% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.77 | −0.104% | $92K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 743.26 | −0.039% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0154% | 1h | 743.44 | −0.015% | $425K | $150K | 20x | as long as short |
| edgeX QQQUSDC | +0.0750% | 4h | 743.65 | +0.013% | $760K | $336K | 20x | as long as short |
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
RISEx QQQ/USDC
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC