QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0233%/8h= +25.5% APRnext payment +$0.29 per $10,000 · paid last 24h +0.021%

Price spread now: Arcus against GMX−0.092%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 0.092% cheaper against GMX than usual: you would sell low and buy high (spread −0.092% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 32 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX QQQ/USD [ETH-USDC]	741.62	L −0.0192% / S +0.0277%	get 0.0024% / 1h	55m 22s	$25K	—	26x
Short	Arcus QQQ-USD	740.93	0.0040	get 0.0005% / 1h	55m 22s	$647K	$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

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 GMXbpFee ArcusbpOrdersPrice spread, now −0.092%Rate

Funding earned: $48.83
Price spread: −0.092% → 0.000%: −$9.24
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: $23.1
Costs to cover: 0.165%
Break-even: 3.7 days

Slippage unknown: GMX: no order-book sample; Arcus: live order book, 4 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, 4 min ago	0.61 bp	4.9 bp −$5	5.1 bp −$51	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 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]long	L −0.0192% / S +0.0277%	1h	741.62	long leg	$25K	—	26x
Ondo Perps QQQ-USD.P	−0.0062%	1h	740.71	−0.122%	$4.2M	$1.8M	20x	as long as short
BloFin QQQ-USDT	−0.0007%	8h	741.88	+0.036%	$1.1M	$281K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	741.86	+0.033%	$857K	$902K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	741.49	−0.017%	$21.6M	$30.1M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	741.62	+0.001%	$5.4M	$5.7M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	741.22	−0.053%	$3.5M	$19.7M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	741.65	+0.005%	$16.7M	$5.3M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	742.44	+0.111%	$2K	$1.6M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.48	+0.117%	$251K	$38K	30x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex QQQUSDT	0.0000%	8h	742.39	+0.105%	$362K	$1.6M	10x	as long as short
Variational Omni QQQ	+0.0029%	8h	741.96	+0.047%	$16.8M	$7.3M	—	as long as short
Lighter QQQ	+0.0032%	1h	741.45	−0.022%	$7.6M	$14.7M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	741.85	+0.032%	$38.3M	$76.8M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0032%	1h	741.63	+0.002%	$1.2M	$512K	20x	as long as short
Arcus QQQ-USDshort	+0.0040%	1h	740.93	−0.092%	$647K	$1.4M	25x
Vest QQQ-USD-PERP	+0.0046%	1h	742.58	+0.130%	—	$337K	50x	as long as short
Binance QQQUSDT	+0.0055%	8h	741.62	+0.001%	$70.9M	$141.9M	25x	as long as short
Bybit QQQUSDT	+0.0078%	8h	741.77	+0.021%	$10.6M	$5.0M	50x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.31	−0.041%	$3.4M	$414K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.74	+0.017%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.46	−0.021%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	740.85	−0.103%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0145%	1h	741.38	−0.031%	$1.6M	$744K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0182%	1h	741.25	−0.049%	$423K	$126K	20x	as long as short
Phoenix QQQ	+0.0248%	1h	741.73	+0.016%	$38K	$59K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0277%	8h	742.31	+0.093%	$315K	$2.0M	10x	as long as short
edgeX QQQUSDC	+0.0704%	4h	741.86	+0.033%	$759K	$335K	20x	as long as short