Funding you earn now, next payment 06:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.010%
Price spread now: Variational Omni against Arcus+0.137%7-day average +0.142% · 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)−0.001%$0 on $10k
+Price spread, last 7 days−0.031%−$3 · spread now +0.137%, 7d avg +0.142%
=Together, before fees−0.032%+ 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 +0.142%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus QQQ-USD | 741.75 | 0.0040 | pay 0.0005% / 1h | 52m 34s | $703K | $1.6M | 25x |
| Short | Variational Omni QQQ | 742.77 | 0 | get 0.0000% / 8h | 2h 52m | $17.1M | $7.2M | — |
Arcus QQQ-USD
Variational Omni QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$8.46
- Price spread: +0.137% → +0.142%
- −$0.52
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$13.48
- Costs to cover
- 0.045%
- Break-even
- never at this rate
Slippage unknown: Arcus: live order book, 1 min ago; Variational Omni: RFQ quote, 2 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 Arcus live order book, 1 min ago | 0.20 bp | 2.8 bp −$3 | 9.4 bp −$94 | 28.5 bp −$2,850 | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 1.90 bp | doesn't fit | 2.5 bp −$25 | 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 −0.0143% / S +0.0238% | 1h | 742.75 | +0.135% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0026% | 1h | 741.55 | −0.027% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0023% | 8h | 742.49 | +0.100% | $1.1M | $246K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.78 | +0.139% | $824K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 742.84 | +0.147% | $69.8M | $143.5M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.81 | +0.143% | $10.7M | $5.1M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.62 | +0.117% | $21.6M | $27.8M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.83 | +0.145% | $5.4M | $7.2M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.15 | +0.054% | $3.3M | $21.2M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.00 | +0.169% | $16.6M | $5.7M | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni QQQshort | 0.0000% | 8h | 742.77 | +0.137% | $17.1M | $7.2M | — | |
| SunX QQQ-USDT | 0.0000% | 8h | 743.23 | +0.200% | $2K | $1.9M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.25 | +0.067% | $1.2M | $538K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.79 | +0.140% | $254K | $35K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.03 | +0.173% | $361K | $1.6M | 10x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.69 | +0.127% | $7.7M | $15.5M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.04 | +0.174% | $37.0M | $77.8M | 50x | as long as short |
| Arcus QQQ-USDlong | +0.0040% | 1h | 741.75 | long leg | $703K | $1.6M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.66 | +0.257% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0074% | 8h | 742.84 | +0.147% | $320K | $1.9M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.45 | +0.094% | $3.4M | $349K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.31 | +0.075% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.46 | +0.096% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.91 | +0.022% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0109% | 1h | 742.36 | +0.082% | $1.5M | $764K | 20x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 742.29 | +0.073% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0141% | 1h | 742.57 | +0.111% | $424K | $151K | 20x | as long as short |
| edgeX QQQUSDC | +0.0417% | 4h | 742.64 | +0.120% | $759K | $334K | 20x | as long as short |
SunX QQQ-USDT
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
Lighter QQQ
Lighter RH QQQ
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC