Funding you earn now, next payment 09:00 UTC−0.0098%/8h= −10.7% APRpaid last 24h −0.020%
Price spread now: Variational Omni against ApeX Omni+0.044%103s7-day average +0.055% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.081%−$8 on $10k
+Price spread, last 7 days+0.051%+$5 · spread now +0.044%, 7d avg +0.055%
=Together, before fees−0.030%+ Points / potential airdropVariational Omni: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.055%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 103 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 | ApeX Omni QQQUSDT | 739.90 | 0.0100 | pay 0.0013% / 1h | 35m 35s | $20K | $2.2M | 50x |
| Short | Variational Omni QQQ | 740.22 | 0.0002 | get 0.0002% / 8h | 7h 35m | $16.7M | $7.2M | — |
ApeX Omni QQQUSDT
Variational Omni QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against ApeX Omni. 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
- −$20.58
- Price spread: +0.044% → +0.055%
- −$1.16
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$31.74
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: ApeX Omni: live order book, 3 min ago; Variational Omni: RFQ quote, 4 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 ApeX Omni live order book, 3 min ago | 3.85 bp | 9.9 bp −$10 | 25.9 bp −$259 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 1.90 bp | doesn't fit | 2.4 bp −$24 | doesn't fit | doesn't fit |
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 −0.0184% / S +0.0270% | 1h | 740.23 | +0.044% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 740.31 | +0.055% | $822K | $865K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 740.02 | +0.016% | $21.6M | $28.2M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 740.10 | +0.027% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 739.62 | −0.038% | $3.4M | $20.6M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 740.23 | +0.045% | $16.5M | $5.1M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 740.55 | +0.088% | $1K | $1.7M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 740.70 | +0.108% | $250K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 740.52 | +0.084% | $365K | $1.6M | 10x | as long as short |
| Variational Omni QQQshort | +0.0002% | 8h | 740.22 | +0.044% | $16.7M | $7.2M | — |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDTShow 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 | +0.043% | $1.1M | $274K | 20x | as long as short |
| edgeX QQQUSDC | +0.0010% | 4h | 740.44 | +0.073% | $757K | $335K | 20x | as long as short |
| Bybit QQQUSDT | +0.0018% | 8h | 740.26 | +0.049% | $10.6M | $5.0M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0024% | 1h | 739.68 | −0.030% | $1.2M | $493K | 20x | as long as short |
| Binance QQQUSDT | +0.0031% | 8h | 740.30 | +0.054% | $70.0M | $139.6M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 739.97 | +0.009% | $7.6M | $15.2M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 740.36 | +0.062% | $37.5M | $79.5M | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0034% | 1h | 739.99 | +0.012% | $423K | $158K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 739.28 | −0.084% | $646K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 741.05 | +0.155% | — | $337K | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 739.24 | −0.089% | $4.2M | $1.8M | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 739.91 | +0.001% | $3.4M | $381K | 20x | as long as short |
| ApeX Omni QQQUSDTlong | +0.0100% | 1h | 739.90 | long leg | $20K | $2.2M | 50x | |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 739.98 | +0.011% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 739.42 | −0.065% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0150% | 1h | 739.81 | −0.012% | $1.6M | $742K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0184% | 8h | 740.55 | +0.088% | $326K | $2.0M | 10x | as long as short |
| Phoenix QQQ | +0.0248% | 1h | 740.22 | +0.043% | $38K | $65K | 20x | as long as short |
BloFin QQQ-USDT
edgeX QQQUSDC
Bybit QQQUSDT
Coinbase International QQQ-PERP-INTX
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
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ