Funding you earn now, next payment 01:00 UTC−0.0437%/8h= −47.8% APRpaid last 24h −0.073%
Price spread now: Ondo Perps against Binance−0.220%46s7-day average −0.199% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.216%−$22 on $10k
+Price spread, last 2 days (all we have)−0.010%−$1 · spread now −0.220%, 7d avg −0.199%
=Together, before fees−0.225%+ Points / potential airdropOndo Perps: Active · farm board−$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Ondo Perps is 0.021% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.199%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.216% in total (about -11.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance QQQUSDT | 744.94 | 0.0076 | pay 0.0076% / 8h | 7h 27m | $71.2M | $151.9M | 25x |
| Short | Ondo Perps QQQ-USD.P | 743.30 | −0.0361 | pay 0.0045% / 1h | 27m 51s | $4.2M | $2.1M | 20x |
Binance QQQUSDT
Ondo Perps QQQ-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Binance. 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
- −$91.68
- Price spread: −0.220% → −0.199%
- −$2.1
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$108.78
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 15 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 Binance live order book, 15 min ago | 0.07 bp | 5.1 bp −$5 | 5.4 bp −$54 | 9.5 bp −$945 | 26.6 bp −$13.3K |
| 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.Pshort | −0.0361% | 1h | 743.30 | −0.220% | $4.2M | $2.1M | 20x | |
| GMX QQQ/USD [ETH-USDC] | L −0.0086% / S +0.0194% | 1h | 744.96 | +0.002% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.30 | −0.086% | $841K | $716K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.72 | −0.030% | $21.6M | $25.1M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.48 | −0.062% | $3.3M | $27.6M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 745.41 | +0.063% | $2K | $2.2M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.45 | −0.066% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 745.20 | +0.035% | $360K | $1.4M | 10x | as long as short |
| Bybit QQQUSDT | +0.0002% | 8h | 744.96 | +0.003% | $10.7M | $4.9M | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0019% | 1h | 744.67 | −0.036% | $425K | $147K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Bybit QQQUSDT
Deribit QQQ_USDC-PERPETUALShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin QQQ-USDT | +0.0028% | 8h | 744.05 | −0.120% | $1.1M | $318K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.68 | −0.035% | $7.7M | $18.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 745.13 | +0.025% | $37.4M | $80.1M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.72 | −0.164% | $747K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.39 | +0.060% | — | $306K | 50x | as long as short |
| Variational Omni QQQ | +0.0047% | 8h | 744.24 | −0.094% | $17.1M | $9.7M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 743.73 | −0.163% | $1.2M | $547K | 20x | as long as short |
| Binance QQQUSDTlong | +0.0076% | 8h | 744.94 | long leg | $71.2M | $151.9M | 25x | |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.47 | −0.063% | $3.4M | $411K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.74 | −0.161% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.53 | −0.055% | $12K | $21K | 20x | as long as short |
| Nado QQQ-PERP | +0.0103% | 1h | 744.39 | −0.074% | $1.5M | $1.3M | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 744.10 | −0.113% | $93K | $1K | 10x | as long as short |
| Bitget QQQUSDT | +0.0174% | 8h | 744.98 | +0.005% | $16.9M | $6.6M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.88 | −0.009% | $5.4M | $8.7M | 25x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 744.03 | −0.122% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0263% | 8h | 744.41 | −0.071% | $316K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0471% | 4h | 744.23 | −0.095% | $761K | $337K | 20x | as long as short |
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Nado QQQ-PERP
Aevo QQQ-PERP
Bitget QQQUSDT
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC