Funding you earn now, next payment 05:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h +0.062%
Price spread now: Binance against Ondo Perps+0.164%56s7-day average +0.211% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.202%+$20 on $10k
+Price spread, last 7 days+0.082%+$8 · spread now +0.164%, 7d avg +0.211%
=Together, before fees+0.285%+ Points / potential airdropOndo Perps: Active · farm board+$28 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.047% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.164% now, against its 7-day average of +0.211%). If the spread goes back, that is −$5 on $10k: about 3.7 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.202% in total) that is about 39 hours. The two prices were read 56 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 | Ondo Perps QQQ-USD.P | 741.79 | −0.0042 | get 0.0005% / 1h | 22m 43s | $4.2M | $1.8M | 20x |
| Short | Binance QQQUSDT | 743.01 | 0 | get 0.0000% / 8h | 3h 22m | $70.5M | $142.1M | 25x |
Ondo Perps QQQ-USD.P
Binance QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Ondo Perps. 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
- $8.74
- Price spread: +0.164% → +0.211%
- −$4.65
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$10.92
- Costs to cover
- 0.150%
- Break-even
- 15.7 days
Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 5 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 5 min ago | 0.07 bp | 5.3 bp −$5 | 5.6 bp −$56 | 10.2 bp −$1,024 | 26.2 bp −$13.1K |
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 −0.0137% / S +0.0234% | 1h | 743.04 | +0.169% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.Plong | −0.0042% | 1h | 741.79 | long leg | $4.2M | $1.8M | 20x | |
| Aster QQQUSDT | 0.0000% | 8h | 743.02 | +0.166% | $840K | $857K | 20x | as long as short |
| Binance QQQUSDTshort | 0.0000% | 8h | 743.01 | +0.164% | $70.5M | $142.1M | 25x | |
| Bybit QQQUSDT | 0.0000% | 8h | 742.96 | +0.158% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.77 | +0.132% | $21.5M | $27.2M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.41 | +0.084% | $3.3M | $21.2M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.33 | +0.208% | $16.9M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.08 | +0.174% | $17.1M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.51 | +0.232% | $2K | $1.9M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 742.66 | +0.117% | $424K | $151K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.64 | +0.115% | $1.2M | $537K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.17 | +0.186% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.28 | +0.201% | $363K | $1.6M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0010% | 1h | 743.22 | +0.193% | $5.4M | $7.3M | 25x | as long as short |
| BloFin QQQ-USDT | +0.0028% | 8h | 743.11 | +0.178% | $1.1M | $256K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.86 | +0.144% | $7.7M | $15.8M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.26 | +0.198% | $37.0M | $79.2M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.32 | +0.071% | $704K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.03 | +0.302% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0067% | 8h | 743.31 | +0.205% | $321K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0078% | 1h | 742.66 | +0.118% | $1.5M | $746K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.87 | +0.146% | $3.4M | $340K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.98 | +0.160% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.87 | +0.146% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.29 | +0.068% | $92K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 742.83 | +0.140% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0886% | 4h | 743.23 | +0.195% | $760K | $334K | 20x | as long as short |
Deribit QQQ_USDC-PERPETUAL
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
RISEx QQQ/USDC
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC