Funding you earn now, next payment 05:00 UTC+0.0682%/8h= +74.7% APRpaid last 24h +0.101%
Price spread now: edgeX against Ondo Perps+0.126%54s7-day average +0.178% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.331%+$33 on $10k
+Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.126%, 7d avg +0.178%
=Together, before fees+0.361%+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm board+$36 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.052% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.126% now, against its 7-day average of +0.178%). If the spread goes back, that is −$5 on $10k: about 6 hours of funding at the current rate (+$20 a day). At the pace of the last 7 days (+0.331% in total) that is about 26 hours. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.331% in total (about 17.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps QQQ-USD.P | 742.29 | −0.0033 | get 0.0004% / 1h | 45m 53s | $4.2M | $1.8M | 20x |
| Short | edgeX QQQUSDC | 743.23 | 0.0649 | get 0.0325% / 4h | 3h 45m | $760K | $335K | 20x |
Ondo Perps QQQ-USD.P
edgeX QQQUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $143.2
- Price spread: +0.126% → +0.178%
- −$5.17
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $124.04
- Costs to cover
- 0.140%
- Break-even
- 0.9 days
Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 8 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 edgeX live order book, 8 min ago | 4.10 bp | 8.7 bp −$9 | 9.7 bp −$97 | doesn't fit | 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 −0.0132% / S +0.0230% | 1h | 743.79 | +0.203% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.Plong | −0.0033% | 1h | 742.29 | long leg | $4.2M | $1.8M | 20x | |
| BloFin QQQ-USDT | −0.0007% | 8h | 743.60 | +0.176% | $1.1M | $256K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.82 | +0.207% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.72 | +0.193% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.50 | +0.163% | $21.5M | $26.9M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.23 | +0.127% | $3.3M | $20.7M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.92 | +0.220% | $16.9M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.66 | +0.185% | $17.1M | $7.4M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.25 | +0.264% | $2K | $1.9M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.64 | +0.047% | $1.2M | $536K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.53 | +0.167% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.08 | +0.241% | $360K | $1.6M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0010% | 1h | 743.85 | +0.210% | $5.4M | $7.3M | 25x | as long as short |
| Binance QQQUSDT | +0.0011% | 8h | 743.69 | +0.189% | $70.9M | $141.3M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.69 | +0.189% | $7.7M | $15.8M | 30x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0032% | 1h | 743.63 | +0.181% | $425K | $150K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.92 | +0.085% | $704K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.77 | +0.334% | — | $337K | 50x | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 744.12 | +0.247% | $37.0M | $78.2M | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0079% | 8h | 743.34 | +0.141% | $326K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0093% | 1h | 743.50 | +0.163% | $1.5M | $780K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.37 | +0.145% | $3.4M | $343K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.82 | +0.071% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.58 | +0.174% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.04 | +0.100% | $92K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 743.09 | +0.108% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDCshort | +0.0649% | 4h | 743.23 | +0.126% | $760K | $335K | 20x |
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
RISEx QQQ/USDC
Binance QQQUSDT
Lighter QQQ
Deribit QQQ_USDC-PERPETUAL
Arcus QQQ-USD
Vest QQQ-USD-PERP
Lighter RH QQQ
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ