Funding you earn now, next payment 16:00 UTC−0.0142%/8h= −15.5% APRnext payment −$1.42 per $10,000 · paid last 24h −0.046%
Price spread now: Variational Omni against GRVT−0.004%74s7-day average −0.048% · 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)−0.072%−$7 on $10k
+Price spread, last 7 days−0.033%−$3 · spread now −0.004%, 7d avg −0.048%
=Together, before fees−0.105%+ Points / potential airdropGRVT: Active · Variational Omni: Active · farm board−$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.044% dearer against GRVT than usual: you sell high and buy low (spread −0.004% now, against its 7-day average of −0.048%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 4 days (−0.072% in total) that is about 2.2 days. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT QQQ_USDT_Perp | 741.04 | 0.0142 | pay 0.0142% / 8h | 7h 46m | $326K | $2.0M | 10x |
| Short | Variational Omni QQQ | 741.01 | 0 | get 0.0000% / 8h | 7h 46m | $16.8M | $7.2M | — |
GRVT QQQ_USDT_Perp
Variational Omni QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against GRVT. 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
- −$29.82
- Price spread: −0.004% → −0.048%
- $4.42
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$34.4
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: GRVT: live order book, 2 min ago; Variational Omni: RFQ quote, 3 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 GRVT live order book, 2 min ago | 0.47 bp | 5.0 bp −$5 | 6.1 bp −$61 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 1.90 bp | doesn't fit | 2.3 bp −$23 | 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 −0.0182% / S +0.0269% | 1h | 740.89 | −0.020% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0007% | 8h | 740.64 | −0.054% | $1.1M | $274K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 740.89 | −0.021% | $823K | $865K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 740.61 | −0.059% | $21.6M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 740.65 | −0.053% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 740.29 | −0.102% | $3.4M | $20.6M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 740.91 | −0.018% | $16.5M | $5.2M | 20x | as long as short |
| Variational Omni QQQshort | 0.0000% | 8h | 741.01 | −0.004% | $16.8M | $7.2M | — | |
| SunX QQQ-USDT | 0.0000% | 8h | 741.39 | +0.047% | $2K | $1.7M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 741.22 | +0.024% | $250K | $41K | 30x | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 741.27 | +0.031% | $364K | $1.6M | 10x | as long as short |
| Bybit QQQUSDT | +0.0011% | 8h | 740.93 | −0.015% | $10.7M | $4.9M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0024% | 1h | 740.22 | −0.111% | $1.2M | $490K | 20x | as long as short |
| Binance QQQUSDT | +0.0029% | 8h | 740.89 | −0.021% | $70.2M | $139.9M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 740.56 | −0.065% | $7.7M | $15.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 740.89 | −0.021% | $37.5M | $79.0M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 739.94 | −0.149% | $646K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 741.77 | +0.098% | — | $337K | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 739.88 | −0.157% | $4.2M | $1.8M | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0088% | 1h | 740.69 | −0.048% | $423K | $157K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 740.47 | −0.077% | $3.4M | $371K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 740.44 | −0.081% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 740.61 | −0.059% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 740.09 | −0.129% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perplong | +0.0142% | 8h | 741.04 | long leg | $326K | $2.0M | 10x | |
| Nado QQQ-PERP | +0.0149% | 1h | 740.41 | −0.085% | $1.6M | $744K | 20x | as long as short |
| Phoenix QQQ | +0.0248% | 1h | 740.33 | −0.096% | $38K | $65K | 20x | as long as short |
| edgeX QQQUSDC | +0.0553% | 4h | 740.83 | −0.029% | $757K | $336K | 20x | as long as short |
Phemex QQQUSDT
Bybit QQQUSDT
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Ondo Perps QQQ-USD.P
Deribit QQQ_USDC-PERPETUAL
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC