Funding you earn now, next payment 01:00 UTC+0.0008%/8h= +0.8% APRpaid last 24h +0.008%
Price spread now: Variational Omni against Coinbase International+0.100%7-day average +0.045% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.072%−$7 on $10k
+Price spread, last 3 days (all we have)−0.126%−$13 · spread now +0.100%, 7d avg +0.045%
=Together, before fees−0.199%+ Points / potential airdropVariational Omni: Active · farm board−$20 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.054% dearer against Coinbase International than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.045%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International QQQ-PERP-INTX | 743.80 | 0.0048 | pay 0.0006% / 1h | 22m 18s | $1.2M | $537K | 20x |
| Short | Variational Omni QQQ | 744.54 | 0.0056 | get 0.0056% / 8h | 6h 22m | $17.1M | $7.5M | — |
Coinbase International QQQ-PERP-INTX
Variational Omni QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Coinbase International. 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
- $1.58
- Price spread: +0.100% → +0.045%
- $5.44
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$2.98
- Costs to cover
- 0.100%
- Break-even
- 20.2 days
Slippage unknown: Coinbase International: 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 Coinbase International live order book, 1 min ago | 0.07 bp | 5.2 bp −$5 | 6.8 bp −$68 | 34.4 bp −$3,440 | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 1.90 bp | doesn't fit | 2.2 bp −$22 | doesn't fit | doesn't fit |
QQQ on 27 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.P | −0.0110% | 1h | 743.53 | −0.036% | $4.2M | $1.9M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0100% / S +0.0205% | 1h | 744.77 | +0.131% | $25K | — | 26x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.89 | +0.147% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.64 | +0.113% | $21.5M | $26.1M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.33 | +0.071% | $3.4M | $23.0M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 745.19 | +0.187% | $2K | $2.1M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.80 | +0.134% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 745.07 | +0.171% | $360K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0008% | 8h | 744.47 | +0.090% | $841K | $712K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.41 | +0.082% | $7.7M | $17.8M | 30x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDT
Lighter QQQShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH QQQ | +0.0032% | 1h | 744.87 | +0.144% | $37.4M | $80.1M | 50x | as long as short |
| Bitget QQQUSDT | +0.0037% | 8h | 744.91 | +0.149% | $16.9M | $5.9M | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.67 | −0.017% | $705K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.72 | +0.258% | — | $337K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTXlong | +0.0048% | 1h | 743.80 | long leg | $1.2M | $537K | 20x | |
| Variational Omni QQQshort | +0.0056% | 8h | 744.54 | +0.100% | $17.1M | $7.5M | — | |
| Deribit QQQ_USDC-PERPETUAL | +0.0072% | 1h | 744.43 | +0.085% | $425K | $148K | 20x | as long as short |
| Binance QQQUSDT | +0.0084% | 8h | 744.68 | +0.118% | $71.1M | $147.3M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.50 | +0.094% | $3.4M | $403K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.12 | +0.043% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.52 | +0.097% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 744.00 | +0.027% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0121% | 1h | 744.29 | +0.066% | $1.5M | $970K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0168% | 1h | 744.77 | +0.130% | $5.4M | $8.0M | 25x | as long as short |
| Phoenix QQQ | +0.0183% | 1h | 744.08 | +0.038% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0200% | 8h | 744.62 | +0.110% | $320K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0287% | 4h | 744.31 | +0.069% | $761K | $333K | 20x | as long as short |
Lighter RH QQQ
Bitget QQQUSDT
Arcus QQQ-USD
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC