Funding you earn now, next payment 03:00 UTC+0.0071%/8h= +7.8% APRpaid last 24h +0.057%
Price spread now: Bybit against Ondo Perps+0.202%57s7-day average +0.218% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.281%+$28 on $10k
+Price spread, last 7 days+0.051%+$5 · spread now +0.202%, 7d avg +0.218%
=Together, before fees+0.332%+ Points / potential airdropOndo Perps: Active · farm board+$33 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.218%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 57 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 | 743.09 | −0.0071 | get 0.0009% / 1h | 8m 47s | $4.2M | $1.8M | 20x |
| Short | Bybit QQQUSDT | 744.59 | 0 | get 0.0000% / 8h | 5h 08m | $10.7M | $5.0M | 50x |
Ondo Perps QQQ-USD.P
Bybit QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $14.95
- Price spread: +0.202% → +0.218%
- −$1.58
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$2.63
- Costs to cover
- 0.160%
- Break-even
- 8.2 days
Slippage unknown: Ondo Perps: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 0.07 bp | 6.9 bp −$7 | 8.1 bp −$81 | 66.0 bp −$6,602 | doesn't fit |
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 −0.0115% / S +0.0216% | 1h | 744.47 | +0.185% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.Plong | −0.0071% | 1h | 743.09 | long leg | $4.2M | $1.8M | 20x | |
| BloFin QQQ-USDT | −0.0016% | 8h | 744.32 | +0.166% | $1.1M | $293K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.41 | +0.177% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDTshort | 0.0000% | 8h | 744.59 | +0.202% | $10.7M | $5.0M | 50x | |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.36 | +0.171% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.59 | +0.202% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.95 | +0.116% | $3.3M | $21.2M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.56 | +0.198% | $16.9M | $5.7M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.94 | +0.249% | $2K | $1.9M | 10x | 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-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 744.62 | +0.206% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.77 | +0.226% | $360K | $1.5M | 10x | as long as short |
| Variational Omni QQQ | +0.0022% | 8h | 744.27 | +0.159% | $17.1M | $7.5M | — | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.30 | +0.163% | $7.7M | $17.2M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.74 | +0.222% | $37.1M | $80.4M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 743.97 | +0.118% | $1.2M | $536K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.58 | +0.066% | $695K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.45 | +0.318% | — | $337K | 50x | as long as short |
| Binance QQQUSDT | +0.0053% | 8h | 744.51 | +0.191% | $71.2M | $143.0M | 25x | as long as short |
| Nado QQQ-PERP | +0.0082% | 1h | 744.19 | +0.149% | $1.5M | $878K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0099% | 1h | 744.23 | +0.153% | $425K | $149K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.11 | +0.137% | $3.4M | $405K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.01 | +0.124% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.16 | +0.144% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.67 | +0.078% | $93K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0124% | 8h | 744.68 | +0.213% | $322K | $1.9M | 10x | as long as short |
| Phoenix QQQ | +0.0161% | 1h | 744.07 | +0.132% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0919% | 4h | 744.26 | +0.158% | $761K | $334K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Variational Omni QQQ
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Vest QQQ-USD-PERP
Binance QQQUSDT
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC