Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.010%
Price spread now: Variational Omni against KuCoin+0.073%7-day average +0.044% · 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)−0.071%−$7 on $10k
+Price spread, last 7 days+0.040%+$4 · spread now +0.073%, 7d avg +0.044%
=Together, before fees−0.031%+ Points / potential airdropVariational Omni: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.029% dearer against KuCoin than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of +0.044%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 23 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin QQQUSDTM | 741.48 | 0.0100 | pay 0.0100% / 8h | 36m 00s | $3.4M | $360K | 20x |
| Short | Variational Omni QQQ | 742.02 | 0 | get 0.0000% / 8h | 36m 00s | $16.8M | $7.2M | — |
KuCoin QQQUSDTM
Variational Omni QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against KuCoin. 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
- −$21
- Price spread: +0.073% → +0.044%
- $2.9
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$30.1
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 11 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 KuCoin live order book, 11 min ago | 2.29 bp | 10.4 bp −$10 | 85.9 bp −$859 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 1.89 bp | doesn't fit | 2.9 bp −$29 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0178% | 1h | 740.56 | −0.124% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0171% / S +0.0261% | 1h | 741.96 | +0.064% | $25K | — | 26x | as long as short |
| Gate QQQ_USDT | −0.0074% | 8h | 741.41 | −0.009% | $3.3M | $21.6M | 50x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.83 | +0.047% | $821K | $861K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.98 | +0.067% | $10.7M | $5.1M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.67 | +0.026% | $21.4M | $28.4M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.68 | +0.026% | $5.4M | $6.3M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 741.97 | +0.066% | $16.5M | $5.4M | 20x | as long as short |
| Variational Omni QQQshort | 0.0000% | 8h | 742.02 | +0.073% | $16.8M | $7.2M | — | |
| SunX QQQ-USDT | 0.0000% | 8h | 742.63 | +0.155% | $2K | $1.8M | 10x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Gate QQQ_USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Bitget QQQUSDT
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 742.02 | +0.073% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.04 | +0.076% | $359K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0010% | 8h | 741.93 | +0.060% | $70.2M | $142.2M | 25x | as long as short |
| edgeX QQQUSDC | +0.0011% | 4h | 741.80 | +0.043% | $758K | $335K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.51 | +0.004% | $1.2M | $491K | 20x | as long as short |
| BloFin QQQ-USDT | +0.0018% | 8h | 741.67 | +0.026% | $1.1M | $274K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.58 | +0.013% | $7.7M | $15.3M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.00 | +0.070% | $37.3M | $80.1M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.28 | −0.027% | $644K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.80 | +0.178% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTMlong | +0.0100% | 8h | 741.48 | long leg | $3.4M | $360K | 20x | |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.61 | +0.018% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.57 | +0.012% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.13 | −0.048% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0117% | 1h | 741.41 | −0.009% | $1.6M | $761K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0127% | 8h | 741.96 | +0.064% | $325K | $2.0M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0182% | 1h | 741.61 | +0.018% | $424K | $156K | 20x | as long as short |
| Phoenix QQQ | +0.0227% | 1h | 741.67 | +0.026% | $38K | $65K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
edgeX QQQUSDC
Coinbase International QQQ-PERP-INTX
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Deribit QQQ_USDC-PERPETUAL
Phoenix QQQ