QQQ perps: where to trade Nasdaq-100 ETF perpetual futures
10 tracked venues list QQQ perps.
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The cheapest place to trade QQQ perps right now is Lighter (QQQ): 1.02 bps all-in for a $10,000 market buy at the standard taker fee, measured 02:19 UTC on 2026-10-03.
The next two venues are Aster 2.41 bps and Binance 4.24 bps. 7 of 10 QQQ markets gave a measured cost.
Promo rate for eligible accounts: MEXC (QQQSTOCK_USDT) shows 0.07 bps at a 0.000% taker fee that only some accounts get (MEXC: stock futures listing notice, checked 2026-09-25). MEXC does not state the QQQ fee for other accounts, so this cost is not ranked.
QQQ perps list on 10 tracked venues: 6 centralized exchanges, 1 Hyperliquid HIP-3 deployment, 3 other decentralized venues. Gains Network (QQQ/USD) fills at an oracle price, with no public QQQ book to measure.
Maximum QQQ leverage runs from 4x on Gains Network (QQQ/USD) to 100x on MEXC (QQQSTOCK_USDT).
QQQ funding and open interest
Funding now runs from 0.0% a year on Aster to 17.6% on Markets.xyz, across 9 QQQ markets. A positive rate means that longs pay shorts.
9 QQQ markets report open interest, $147.5 million in total. Binance holds 47% of it ($69.0 million).
Measured QQQ cost for a $10,000 buy
- Lighter1.02
- Aster2.41
- Binance4.24
- Bybit4.66
- OKX5.82
- Bitget6.67
- Gate8.64
Where to trade Nasdaq-100 ETF perpetual futures
| Venue | Market | Max leverage | Funding now | Annual rate now | 7-day mean, annual | Open interest | Book cost (bps) | Taker fee | All-in (bps) | Promo rate, eligible accounts |
|---|---|---|---|---|---|---|---|---|---|---|
| Lighter | QQQ | 30x | +0.0004% / 1 h | +3.5% | — | $7.4M | 1.02 | 0.000% (API) | 1.02 | — |
| Aster | QQQUSDT | 20x | 0.0000% / 8 h | 0.0% | +2.6% | $762K | 1.16 | 0.013% (docs) | 2.41 | — |
| Binance | QQQUSDT | 25x | 0.0000% / 8 h | 0.0% | +3.8% | $69.0M | 0.24 | 0.040% (docs, promotion for all accounts) | 4.24 | — |
| Bybit | QQQUSDT | 50x | 0.0000% / 8 h | 0.0% | +2.6% | $12.4M | 1.91 | 0.028% (docs, promotion for all accounts) | 4.66 | — |
| OKX | QQQ-USDT-SWAP | 50x | 0.0000% / 8 h | 0.0% | +1.0% | $21.0M | 0.82 | 0.050% (docs) | 5.82 | — |
| Bitget | QQQUSDT | 20x | 0.0000% / 8 h | 0.0% | +5.8% | $11.5M | 0.67 | 0.060% (API) | 6.67 | — |
| Gate | QQQ_USDT | 50x | 0.0000% / 8 h | 0.0% | −1.8% | $10.6M | 1.14 | 0.075% (API) | 8.64 | — |
| MEXC | QQQSTOCK_USDT | 100x | 0.0000% / 8 h | 0.0% | +3.8% | $10.8M | 0.07 | Not stated for all accounts | — | 0.000% = 0.07 bps (eligible accounts, source, 2026-09-25) |
| Markets.xyz | mkts:USTECH | 25x | +0.0020% / 1 h | +17.6% | +1.3% | $4.1M | 4.12 | Not stated | — | — |
| Gains Network | QQQ/USD | 4x | — | — | — | — | No QQQ book | Oracle model | — | — |
Method: a $10,000 QQQ market buy fills against each public QQQ book.
The QQQ book cost is that fill price against the mid, in bps. The QQQ all-in cost adds the standard taker fee that every new account gets.
A QQQ promo rate that only eligible accounts get is shown in its own column and is never ranked.
A QQQ book price does not prove that the venue accepts QQQ orders at that time, so check the QQQ hours table.
Annual QQQ funding is the rate per hour times 8,760, with no compounding. The QQQ markets come from venue APIs read on 2026-09-25.
QQQ trading hours and price source by venue
| Venue | Market | Hours | Price source |
|---|---|---|---|
| Aster | QQQUSDT | 24/7, 5% band off-hours | Several, with Pyth |
| Binance | QQQUSDT | 24/7, book EWMA weekends | Unnamed data vendors |
| Bitget | QQQUSDT | 24/7, book EMA off-hours | Pyth, dxFeed, Massive, Intrinio |
| Bybit | QQQUSDT | 24/7 | Index with Pyth |
| Gains Network | QQQ/USD | Mon–Fri 9:35–16:00 ET | Chainlink |
| Gate | QQQ_USDT | Index holds last close | Paid feeds, crypto venues |
| Markets.xyz | mkts:USTECH | 24/7, internal weekend price | Kaiko |
| Lighter | QQQ | 24/7 | Pyth Pro (NVDA, TSLA) |
| MEXC | QQQSTOCK_USDT | Varies, no trades closed | Not named in docs |
| OKX | QQQ-USDT-SWAP | 24/7 book, anchored weekends | Several providers |
Find your liquidation price with the liquidation price calculator for QQQ. Compare all tickers on the stock perps hub.
Where to Trade Invesco QQQ ETF (QQQ) Perpetual Futures
Fees and leverage limits apply venue-wide; check QQQ terms with the venue.
Invesco QQQ ETF (QQQ) market overview
QQQ tracks the Nasdaq 100 index and is the second most traded ETF globally, providing concentrated exposure to the world's largest technology companies.
QQQ perpetual futures are closely correlated with crypto market performance given the overlapping tech and growth sentiment that drives both asset classes, making QQQ perps a natural complement to BTC and ETH positions for multi-asset traders.
Frequently Asked Questions — Invesco QQQ ETF (QQQ)
How does an Invesco QQQ ETF perpetual futures contract differ from the underlying asset?
An Invesco QQQ ETF perpetual tracks the Invesco QQQ ETF price, with no expiry date and no ownership of Invesco QQQ ETF.
Check each venue for Invesco QQQ ETF trading hours and the price source.
Category: ETF