Funding you earn now, next payment 07:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.08 per $10,000 · paid last 24h −0.043%
Price spread now: Ondo Perps against Arcus−0.080%7-day average −0.053% · 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)−0.067%−$7 on $10k
+Price spread, last 7 days−0.002%$0 · spread now −0.080%, 7d avg −0.053%
=Together, before fees−0.069%+ Points / potential airdropOndo Perps: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Ondo Perps is 0.026% cheaper against Arcus than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.053%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus QQQ-USD | 741.10 | 0.0040 | pay 0.0005% / 1h | 2m 05s | $686K | $1.6M | 25x |
| Short | Ondo Perps QQQ-USD.P | 740.51 | −0.0024 | pay 0.0003% / 1h | 2m 05s | $4.2M | $1.8M | 20x |
Arcus QQQ-USD
Ondo Perps QQQ-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Arcus. 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
- −$13.5
- Price spread: −0.080% → −0.053%
- −$2.61
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$25.61
- Costs to cover
- 0.095%
- Break-even
- never at this rate
Slippage unknown: Arcus: live order book, 2 min ago; Ondo Perps: 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 Arcus live order book, 2 min ago | 0.61 bp | 4.7 bp −$5 | 7.9 bp −$79 | 25.2 bp −$2,523 | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 −0.0166% / S +0.0256% | 1h | 742.10 | +0.134% | $25K | — | 26x | as long as short |
| Gate QQQ_USDT | −0.0059% | 8h | 741.37 | +0.036% | $3.4M | $21.6M | 50x | as long as short |
| Ondo Perps QQQ-USD.Pshort | −0.0024% | 1h | 740.51 | −0.080% | $4.2M | $1.8M | 20x | |
| Aster QQQUSDT | 0.0000% | 8h | 742.00 | +0.121% | $823K | $858K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.86 | +0.103% | $10.5M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.82 | +0.097% | $21.4M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.76 | +0.089% | $5.4M | $6.3M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.13 | +0.139% | $16.6M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.89 | +0.106% | $16.9M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.84 | +0.235% | $2K | $1.8M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Gate QQQ_USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 741.73 | +0.085% | $424K | $155K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.18 | +0.146% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.37 | +0.171% | $362K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0003% | 8h | 742.03 | +0.126% | $70.0M | $143.9M | 25x | as long as short |
| BloFin QQQ-USDT | +0.0014% | 8h | 741.63 | +0.072% | $1.1M | $271K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.37 | +0.036% | $1.2M | $489K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.82 | +0.097% | $7.7M | $15.6M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.16 | +0.143% | $37.1M | $81.4M | 50x | as long as short |
| Arcus QQQ-USDlong | +0.0040% | 1h | 741.10 | long leg | $686K | $1.6M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.96 | +0.251% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.59 | +0.066% | $3.4M | $356K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.40 | +0.040% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.75 | +0.088% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.29 | +0.026% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0118% | 1h | 741.55 | +0.061% | $1.6M | $764K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0119% | 8h | 742.00 | +0.122% | $314K | $2.0M | 10x | as long as short |
| Phoenix QQQ | +0.0205% | 1h | 741.67 | +0.077% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0298% | 4h | 741.83 | +0.099% | $758K | $336K | 20x | as long as short |
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
BloFin QQQ-USDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Lighter RH QQQ
Vest QQQ-USD-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC