Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.040%
Price spread now: Gate against Orderly−0.023%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 −$3 a day on $10k at the current rate, and Gate is 0.023% cheaper against Orderly than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_QQQ_USDC_mythos | 740.60 | 0.0100 | pay 0.0100% / 8h | 7h 17m | $12K | $21K | 20x |
| Short | Gate QQQ_USDT | 740.43 | 0 | get 0.0000% / 8h | 7h 17m | $3.3M | $20.8M | 50x |
Orderly PERP_QQQ_USDC_mythos
Gate QQQ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Orderly. 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
- −$21
- Price spread: −0.023% → 0.000%
- −$2.3
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$44.3
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Gate: live order book, 1 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Gate live order book, 1 min ago | 1.55 bp | 12.1 bp −$12 | 16.9 bp −$169 | doesn't fit | doesn't fit |
Orderly: 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] | L −0.0188% / S +0.0273% | 1h | 740.77 | +0.024% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.09 | +0.066% | $856K | $903K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.04 | +0.059% | $21.8M | $30.1M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 740.94 | +0.046% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDTshort | 0.0000% | 8h | 740.43 | −0.023% | $3.3M | $20.8M | 50x | |
| Bitget QQQUSDT | 0.0000% | 8h | 741.17 | +0.077% | $16.5M | $5.1M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 741.21 | +0.082% | $2K | $1.6M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 741.05 | +0.061% | $250K | $38K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 741.11 | +0.069% | $363K | $1.6M | 10x | as long as short |
| Variational Omni QQQ | +0.0003% | 8h | 740.38 | −0.030% | $16.7M | $7.2M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit QQQUSDT | +0.0009% | 8h | 740.95 | +0.047% | $10.6M | $5.0M | 50x | as long as short |
| BloFin QQQ-USDT | +0.0010% | 8h | 740.64 | +0.005% | $1.1M | $279K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0024% | 1h | 740.43 | −0.023% | $1.2M | $502K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 740.85 | +0.034% | $7.6M | $15.5M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 741.24 | +0.086% | $37.7M | $80.5M | 50x | as long as short |
| Binance QQQUSDT | +0.0036% | 8h | 741.17 | +0.077% | $70.3M | $141.3M | 25x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 740.38 | −0.030% | $647K | $1.4M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 741.71 | +0.150% | — | $337K | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 739.35 | −0.169% | $4.2M | $1.8M | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0074% | 1h | 740.68 | +0.011% | $423K | $128K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 740.65 | +0.007% | $3.4M | $394K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 739.88 | −0.097% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythoslong | +0.0100% | 8h | 740.60 | long leg | $12K | $21K | 20x | |
| Aevo QQQ-PERP | +0.0104% | 1h | 740.00 | −0.081% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0148% | 1h | 740.29 | −0.042% | $1.6M | $749K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0213% | 8h | 740.89 | +0.039% | $314K | $2.0M | 10x | as long as short |
| Phoenix QQQ | +0.0248% | 1h | 740.16 | −0.059% | $38K | $65K | 20x | as long as short |
| edgeX QQQUSDC | +0.0610% | 4h | 740.62 | +0.002% | $757K | $336K | 20x | as long as short |
Bybit QQQUSDT
BloFin QQQ-USDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Lighter RH QQQ
Binance QQQUSDT
Arcus QQQ-USD
Vest QQQ-USD-PERP
Ondo Perps QQQ-USD.P
Deribit QQQ_USDC-PERPETUAL
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC