Spread before costs (cost unknown: a leg has no order-book sample)−0.018%
7d average—if it closes, per $10,000$2funding while held, a day+$0.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX QQQ/USD [ETH-USDC] | 737.13 | L +0.0021% / S +0.0040% | pay 0.0003% / 1h | 30m 40s | $13K | — | 53x |
| Short | Variational Omni QQQ | 736.99 | 0.0038 | get 0.0038% / 8h | 30m 40s | $17.6M | $8.9M | — |
GMX QQQ/USD [ETH-USDC]
Variational Omni QQQPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$1.76
- Funding while held
- $0.5
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$13.26
- Spread needed to break even
- 0.120%
Slippage unknown: GMX: no order-book sample; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0017%
- Per $10,000 a day
- +$0.50
- Average in range /8h
- —
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 Variational Omni RFQ quote, 5 min ago | 1.90 bp | doesn't fit | 2.1 bp −$21 | 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 price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps735.34cheapestPhemex735.45+0.015%Gate736.32+0.133%Coinbase International736.34+0.136%Aevo736.37+0.140%ApeX Omni736.50+0.158%Phoenix736.50+0.158%Arcus736.52+0.160%Nado736.53+0.162%KuCoin736.64+0.177%Deribit736.73+0.189%OKX736.74+0.190%BloFin736.78+0.196%edgeX736.90+0.212%Orderly736.92+0.215%Aster736.97+0.222%
Ondo Perps
Phemex
Gate
Coinbase International
Aevo
ApeX Omni
Phoenix
Arcus
Nado
KuCoin
Deribit
OKX
BloFin
Orderly
AsterVariational Omni736.99+0.225%
Binance737.05+0.233%Bybit737.05+0.233%Bitget737.07+0.235%
Binance
Bybit
BitgetGMX737.13+0.243%
RISEx737.13+0.244%Lighter737.19+0.252%HTX737.21+0.254%Lighter RH737.22+0.256%SunX737.56+0.302%Vest737.69+0.320%
RISEx
Lighter
HTX
Lighter RH
SunX
VestQQQ on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.242% | −0.0206% | 1h | $4.3M | $1.9M | 20x | as long as short |
| Phemex QQQUSDT | −0.227% | 0.0000% | 8h | $360K | $1.3M | 10x | as long as short |
| Gate QQQ_USDT | −0.109% | 0.0000% | 8h | $2.7M | $32.2M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | −0.106% | −0.0032% | 1h | $1.2M | $788K | 20x | as long as short |
| Aevo QQQ-PERP | −0.103% | +0.0104% | 1h | $92K | $1K | 10x | as long as short |
| ApeX Omni QQQUSDT | −0.085% | +0.0100% | 1h | $16K | $2.1M | 50x | as long as short |
| Phoenix QQQ | −0.085% | −0.0087% | 1h | $38K | $74K | 20x | as long as short |
| Arcus QQQ-USD | −0.082% | +0.0040% | 1h | $796K | $1.4M | 25x | as long as short |
| Nado QQQ-PERP | −0.080% | +0.0166% | 1h | $1.5M | $1.4M | 20x | as long as short |
| KuCoin QQQUSDTM | −0.066% | +0.0100% | 8h | $3.4M | $409K | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit QQQ_USDC-PERPETUAL | −0.054% | 0.0000% | 1h | $421K | $298K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | −0.052% | 0.0000% | 8h | $20.2M | $19.3M | 50x | as long as short |
| BloFin QQQ-USDT | −0.047% | +0.0120% | 8h | $1.0M | $463K | 20x | as long as short |
| edgeX QQQUSDC | −0.030% | −0.0978% | 4h | $753K | $334K | 20x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | −0.028% | +0.0100% | 8h | $7K | — | 20x | as long as short |
| Aster QQQUSDT | −0.021% | 0.0000% | 8h | $549K | $202K | 20x | as long as short |
| Variational Omni QQQshort | −0.018% | +0.0038% | 8h | $17.6M | $8.9M | — | |
| Binance QQQUSDT | −0.010% | +0.0061% | 8h | $62.0M | $115.2M | 25x | as long as short |
| Bybit QQQUSDT | −0.010% | +0.0025% | 8h | $10.7M | $4.7M | 50x | as long as short |
| Bitget QQQUSDT | −0.007% | +0.0222% | 8h | $16.4M | $6.6M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC]long | 0.000% | L +0.0021% / S +0.0040% | 1h | $13K | — | 53x | |
| RISEx QQQ/USDC | +0.001% | +0.0065% | 1h | $5.4M | $8.9M | 25x | as long as short |
| Lighter QQQ | +0.009% | +0.0272% | 1h | $8.3M | $18.0M | 30x | as long as short |
| HTX QQQ-USDT | +0.012% | 0.0000% | 8h | $258K | $26K | 30x | as long as short |
| Lighter RH QQQ | +0.013% | +0.0040% | 1h | $40.6M | $73.9M | 50x | as long as short |
| SunX QQQ-USDT | +0.059% | 0.0000% | 8h | $1K | $2.2M | 10x | as long as short |
| Vest QQQ-USD-PERP | +0.077% | +0.0046% | 1h | — | $490K | 50x | as long as short |