QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0418%/8h= −45.8% APRnext payment −$0.52 per $10,000 · paid last 24h −0.047%

Price spread now: Ondo Perps against Deribit−0.152%7-day average −0.139% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.191%−$19 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.152%, 7d avg −0.139%

Together, before fees−0.143%+ Points / potential airdropOndo Perps: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.139%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.191% in total (about -14.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.52 per $10,000. 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	Deribit QQQ_USDC-PERPETUAL	741.56	0.0263	pay 0.0033% / 1h	16m 43s	$424K	$156K	20x
Short	Ondo Perps QQQ-USD.P	740.43	−0.0155	pay 0.0019% / 1h	16m 43s	$4.2M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee Ondo PerpsbpOrdersPrice spread, now −0.152%Rate

Funding earned: −$87.76
Price spread: −0.152% → −0.139%: −$1.35
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$101.11
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 22 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 Deribit live order book, 22 min ago	0.07 bp	3.6 bp −$4	4.3 bp −$43	doesn't fit	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 −0.0175% / S +0.0264%	1h	741.88	+0.044%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.Pshort	−0.0155%	1h	740.43	−0.152%	$4.2M	$1.8M	20x
Gate QQQ_USDT	−0.0088%	8h	741.19	−0.050%	$3.3M	$21.7M	50x	as long as short
BloFin QQQ-USDT	−0.0029%	8h	741.59	+0.004%	$1.1M	$274K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	741.80	+0.033%	$824K	$863K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	741.83	+0.036%	$10.7M	$5.1M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	741.59	+0.004%	$21.4M	$28.3M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	741.55	−0.001%	$5.4M	$5.9M	25x	as long as short
Bitget QQQUSDT	0.0000%	8h	742.01	+0.061%	$16.5M	$5.3M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	741.66	+0.013%	$16.8M	$7.2M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX QQQ-USDT	0.0000%	8h	742.08	+0.070%	$2K	$1.7M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.05	+0.066%	$251K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	742.18	+0.084%	$359K	$1.6M	10x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0016%	1h	741.15	−0.055%	$1.2M	$489K	20x	as long as short
Binance QQQUSDT	+0.0021%	8h	741.89	+0.044%	$70.3M	$141.2M	25x	as long as short
Lighter QQQ	+0.0032%	1h	741.58	+0.003%	$7.7M	$15.4M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	741.92	+0.049%	$37.2M	$81.0M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	740.98	−0.078%	$647K	$1.7M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.75	+0.160%	—	$337K	50x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.38	−0.024%	$3.4M	$363K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.29	−0.036%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.49	−0.009%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.10	−0.063%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0134%	1h	741.29	−0.036%	$1.6M	$754K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0140%	8h	741.92	+0.048%	$314K	$2.0M	10x	as long as short
edgeX QQQUSDC	+0.0219%	4h	741.67	+0.014%	$758K	$336K	20x	as long as short
Phoenix QQQ	+0.0227%	1h	741.45	−0.015%	$38K	$65K	20x	as long as short
Deribit QQQ_USDC-PERPETUALlong	+0.0263%	1h	741.56	long leg	$424K	$156K	20x