Funding you earn now, next payment 09:00 UTC−0.0270%/8h= −29.6% APRpaid last 24h −0.038%
Price spread now: GMX against HTX−0.064%52s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and GMX is 0.064% cheaper against HTX than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX QQQ-USDT | 740.70 | 0 | get 0.0000% / 8h | 7h 36m | $250K | $41K | 30x |
| Short | GMX QQQ/USD [ETH-USDC] | 740.23 | L −0.0184% / S +0.0270% | pay 0.0034% / 1h | 36m 27s | $25K | — | 26x |
HTX QQQ-USDT
GMX QQQ/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against HTX. 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
- −$56.75
- Price spread: −0.064% → 0.000%
- −$6.41
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$87.17
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: HTX: live order book, 60 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 HTX live order book, 60 min ago | 2.69 bp | 8.7 bp −$9 | 9.9 bp −$99 | doesn't fit | 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 −0.0184% / S +0.0270% | 1h | 740.23 | −0.064% | $25K | — | 26x | |
| Aster QQQUSDT | 0.0000% | 8h | 740.25 | −0.060% | $822K | $865K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 739.94 | −0.103% | $21.6M | $28.2M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 739.96 | −0.100% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 739.59 | −0.150% | $3.4M | $20.6M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 740.23 | −0.063% | $16.5M | $5.1M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 740.55 | −0.020% | $1K | $1.7M | 10x | as long as short |
| HTX QQQ-USDTlong | 0.0000% | 8h | 740.70 | long leg | $250K | $41K | 30x | |
| Phemex QQQUSDT | 0.0000% | 8h | 740.83 | +0.018% | $365K | $1.6M | 10x | as long as short |
| Variational Omni QQQ | +0.0001% | 8h | 740.33 | −0.050% | $16.7M | $7.2M | — | as long as short |
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
Phemex QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin QQQ-USDT | +0.0006% | 8h | 740.22 | −0.065% | $1.1M | $274K | 20x | as long as short |
| edgeX QQQUSDC | +0.0010% | 4h | 740.44 | −0.035% | $757K | $335K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0024% | 1h | 739.68 | −0.138% | $1.2M | $492K | 20x | as long as short |
| Bybit QQQUSDT | +0.0025% | 8h | 740.14 | −0.076% | $10.7M | $4.9M | 50x | as long as short |
| Binance QQQUSDT | +0.0031% | 8h | 740.22 | −0.065% | $70.0M | $139.6M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 739.81 | −0.120% | $7.6M | $15.2M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 740.27 | −0.058% | $37.5M | $79.5M | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0034% | 1h | 739.99 | −0.096% | $423K | $158K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 739.28 | −0.192% | $646K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 741.05 | +0.047% | — | $337K | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 739.24 | −0.197% | $4.2M | $1.8M | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 739.75 | −0.128% | $3.4M | $380K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 739.90 | −0.108% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 739.98 | −0.097% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 739.42 | −0.173% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0150% | 1h | 739.81 | −0.120% | $1.6M | $742K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0184% | 8h | 740.55 | −0.020% | $326K | $2.0M | 10x | as long as short |
| Phoenix QQQ | +0.0248% | 1h | 740.22 | −0.065% | $38K | $65K | 20x | as long as short |
BloFin QQQ-USDT
edgeX QQQUSDC
Coinbase International QQQ-PERP-INTX
Bybit QQQUSDT
Binance QQQUSDT
Lighter QQQ
Lighter RH QQQ
Deribit QQQ_USDC-PERPETUAL
Arcus QQQ-USD
Vest QQQ-USD-PERP
Ondo Perps QQQ-USD.P
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ