Funding you earn now, next payment 06:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.05 per $10,000 · paid last 24h +0.040%
Price spread now: Coinbase International against Ondo Perps+0.104%7-day average +0.131% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.469%+$47 on $10k
+Price spread, last 4 days (all we have)+0.081%+$8 · spread now +0.104%, 7d avg +0.131%
=Together, before fees+0.550%+ Points / potential airdropOndo Perps: Active · farm board+$55 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.027% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.104% now, against its 7-day average of +0.131%). If the spread goes back, that is −$3 on $10k: about 2.2 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.469% in total) that is about 10 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps QQQ-USD.P | 740.60 | −0.0026 | get 0.0003% / 1h | 0m 33s | $4.2M | $1.8M | 20x |
| Short | Coinbase International QQQ-PERP-INTX | 741.37 | 0.0016 | get 0.0002% / 1h | 0m 33s | $1.2M | $489K | 20x |
Ondo Perps QQQ-USD.P
Coinbase International QQQ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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: +0.104% → +0.131%
- −$2.68
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$8.95
- Costs to cover
- 0.150%
- Break-even
- 14.2 days
Slippage unknown: Ondo Perps: no order-book sample; Coinbase International: live order book, 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 3 min ago | 0.07 bp | 5.7 bp −$6 | 6.7 bp −$67 | 37.3 bp −$3,727 | 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 −0.0166% / S +0.0257% | 1h | 742.07 | +0.198% | $25K | — | 26x | as long as short |
| Gate QQQ_USDT | −0.0060% | 8h | 741.37 | +0.104% | $3.4M | $21.6M | 50x | as long as short |
| BloFin QQQ-USDT | −0.0028% | 8h | 741.82 | +0.165% | $1.1M | $271K | 20x | as long as short |
| Ondo Perps QQQ-USD.Plong | −0.0026% | 1h | 740.60 | long leg | $4.2M | $1.8M | 20x | |
| Aster QQQUSDT | 0.0000% | 8h | 742.03 | +0.192% | $823K | $858K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.95 | +0.182% | $10.5M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.78 | +0.159% | $21.4M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.76 | +0.157% | $5.4M | $6.3M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.10 | +0.203% | $16.6M | $5.4M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.94 | +0.180% | $16.9M | $7.3M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
Gate QQQ_USDT
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 742.79 | +0.296% | $2K | $1.8M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.18 | +0.213% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.12 | +0.205% | $362K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0003% | 8h | 742.05 | +0.196% | $70.0M | $143.7M | 25x | as long as short |
| Coinbase International QQQ-PERP-INTXshort | +0.0016% | 1h | 741.37 | +0.104% | $1.2M | $489K | 20x | |
| Lighter QQQ | +0.0032% | 1h | 741.84 | +0.167% | $7.7M | $15.6M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.17 | +0.212% | $37.1M | $81.5M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.14 | +0.073% | $686K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.99 | +0.323% | — | $337K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0074% | 1h | 741.71 | +0.150% | $424K | $155K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.56 | +0.130% | $3.4M | $356K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.40 | +0.108% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.70 | +0.149% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.21 | +0.083% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0117% | 1h | 741.61 | +0.136% | $1.6M | $764K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0119% | 8h | 742.17 | +0.212% | $314K | $2.0M | 10x | as long as short |
| Phoenix QQQ | +0.0205% | 1h | 741.63 | +0.139% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0705% | 4h | 741.81 | +0.163% | $758K | $336K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC