Settings8H · net · $10k
Funding arb · Price arb /

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0009%/8h= −0.9% APRnext payment $0.01 per $10,000 · paid last 24h −0.038%
Price spread now: Ondo Perps against GMX−0.135%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.135% cheaper against GMX than usual: you would sell low and buy high, −$14 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX QQQ/USD [ETH-USDC]744.25L −0.0127% / S +0.0226%get 0.0016% / 1h11m 41s$25K26x
ShortOndo Perps QQQ-USD.P743.24−0.0135pay 0.0017% / 1h11m 41s$4.2M$1.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Funding earned
−$1.79
Price spread: −0.135% → 0.000%
−$13.5
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$32.3
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell Ondo Perps no order-book sample
GMX and Ondo Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps QQQ-USD.Pshort−0.0135%1h743.24−0.135%$4.2M$1.8M20x
GMX QQQ/USD [ETH-USDC]longL −0.0127% / S +0.0226%1h744.25long leg$25K26x
BloFin QQQ-USDT−0.0002%8h744.15−0.013%$1.1M$261K20xas long as short
Aster QQQUSDT0.0000%8h744.23−0.002%$841K$714K20xas long as short
Bybit QQQUSDT0.0000%8h744.26+0.002%$10.7M$5.0M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h744.08−0.022%$21.5M$26.9M50xas long as short
RISEx QQQ/USDC0.0000%1h744.35+0.014%$5.4M$7.4M25xas long as short
Gate QQQ_USDT0.0000%8h743.74−0.068%$3.3M$20.8M50xas long as short
Bitget QQQUSDT0.0000%8h744.36+0.015%$16.9M$5.7M20xas long as short
Variational Omni QQQ0.0000%8h744.30+0.008%$17.1M$7.4Mas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX QQQ-USDT0.0000%8h744.70+0.061%$2K$1.9M10xas long as short
HTX QQQ-USDT0.0000%8h744.65+0.054%$257K$29K30xas long as short
Phemex QQQUSDT0.0000%8h744.57+0.044%$363K$1.5M10xas long as short
Coinbase International QQQ-PERP-INTX+0.0008%1h743.80−0.060%$1.2M$536K20xas long as short
Binance QQQUSDT+0.0025%8h744.24−0.001%$71.0M$141.5M25xas long as short
Lighter QQQ+0.0032%1h744.10−0.019%$7.7M$16.4M30xas long as short
Arcus QQQ-USD+0.0040%1h743.62−0.084%$698K$1.6M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h745.21+0.130%$337K50xas long as short
Lighter RH QQQ+0.0048%1h744.51+0.036%$37.0M$79.7M50xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0086%1h744.02−0.030%$425K$150K20xas long as short
GRVT QQQ_USDT_Perp+0.0092%8h744.39+0.019%$324K$1.9M10xas long as short
Nado QQQ-PERP+0.0094%1h743.90−0.046%$1.5M$839K20xas long as short
KuCoin QQQUSDTM+0.0100%8h743.96−0.038%$3.4M$362K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h743.90−0.046%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h743.99−0.034%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h743.43−0.110%$93K$1K10xas long as short
Phoenix QQQ+0.0129%1h743.94−0.041%$38K$66K20xas long as short
edgeX QQQUSDC+0.0627%4h744.18−0.008%$761K$336K20xas long as short