Funding you earn now, next payment 03:00 UTC−0.0325%/8h= −35.6% APRnext payment −$0.41 per $10,000 · paid last 24h −0.067%
Price spread now: GMX against Nado+0.040%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
=The price spread pays, funding is against you. GMX is 0.040% dearer against Nado than usual: you sell high and buy low (spread +0.040% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 10 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado QQQ-PERP | 743.89 | 0.0115 | pay 0.0014% / 1h | 49m 12s | $1.5M | $923K | 20x |
| Short | GMX QQQ/USD [ETH-USDC] | 744.18 | L −0.0107% / S +0.0210% | pay 0.0026% / 1h | 49m 12s | $25K | — | 26x |
Nado QQQ-PERP
GMX QQQ/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Nado. 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
- −$68.23
- Price spread: +0.040% → 0.000%
- $4
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$83.23
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Nado: live order book, 4 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 Nado live order book, 4 min ago | 0.07 bp | 4.9 bp −$5 | 8.3 bp −$83 | 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 27 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 −0.0107% / S +0.0210% | 1h | 744.18 | +0.040% | $25K | — | 26x | |
| Aster QQQUSDT | 0.0000% | 8h | 744.15 | +0.036% | $841K | $713K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.17 | +0.038% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.14 | +0.034% | $21.7M | $26.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.29 | +0.054% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.92 | +0.004% | $3.3M | $20.5M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.46 | +0.077% | $16.9M | $5.8M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.63 | +0.100% | $2K | $2.0M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.24 | +0.047% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.56 | +0.090% | $361K | $1.4M | 10x | as long as short |
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX QQQUSDC | +0.0005% | 4h | 744.28 | +0.053% | $761K | $334K | 20x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0009% | 1h | 743.42 | −0.063% | $4.2M | $1.9M | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.87 | −0.002% | $7.7M | $17.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.29 | +0.054% | $37.3M | $78.5M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 743.74 | −0.020% | $1.2M | $534K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.43 | −0.061% | $705K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.15 | +0.170% | — | $337K | 50x | as long as short |
| Variational Omni QQQ | +0.0049% | 8h | 744.19 | +0.041% | $17.1M | $7.5M | — | as long as short |
| Binance QQQUSDT | +0.0074% | 8h | 744.06 | +0.023% | $71.1M | $144.5M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.92 | +0.004% | $3.4M | $414K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.99 | +0.014% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.89 | 0.000% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.37 | −0.070% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERPlong | +0.0115% | 1h | 743.89 | long leg | $1.5M | $923K | 20x | |
| Deribit QQQ_USDC-PERPETUAL | +0.0140% | 1h | 743.96 | +0.010% | $425K | $149K | 20x | as long as short |
| Phoenix QQQ | +0.0161% | 1h | 743.80 | −0.012% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0165% | 8h | 744.45 | +0.076% | $322K | $1.9M | 10x | as long as short |
edgeX QQQUSDC
Ondo Perps QQQ-USD.P
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
Phoenix QQQ
GRVT QQQ_USDT_Perp