Funding you earn now, next payment 01:00 UTC+0.0367%/8h= +40.2% APRpaid last 24h +0.047%
Price spread now: Phemex against Ondo Perps+0.251%7-day average +0.231% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.247%+$25 on $10k
+Price spread, last 3 days (all we have)−0.022%−$2 · spread now +0.251%, 7d avg +0.231%
=Together, before fees+0.225%+ Points / potential airdropOndo Perps: Active · farm board+$23 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.231%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.247% in total (about 12.9% 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 | 742.38 | −0.0367 | get 0.0046% / 1h | 50m 35s | $4.2M | $2.0M | 20x |
| Short | Phemex QQQUSDT | 744.24 | 0 | get 0.0000% / 8h | 7h 50m | $361K | $1.4M | 10x |
Ondo Perps QQQ-USD.P
Phemex QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $77.11
- Price spread: +0.251% → +0.231%
- $1.92
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $62.03
- Costs to cover
- 0.170%
- Break-even
- 1.4 days
Slippage unknown: Ondo Perps: no order-book sample; Phemex: live order book, 2 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 Phemex live order book, 2 min ago | 2.29 bp | 31.7 bp −$32 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.Plong | −0.0367% | 1h | 742.38 | long leg | $4.2M | $2.0M | 20x | |
| GMX QQQ/USD [ETH-USDC] | L −0.0081% / S +0.0190% | 1h | 744.05 | +0.226% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0029% | 8h | 743.81 | +0.193% | $1.0M | $318K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.64 | +0.170% | $841K | $757K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.98 | +0.216% | $21.5M | $25.4M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.68 | +0.175% | $3.2M | $26.4M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.49 | +0.284% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.15 | +0.104% | $257K | $28K | 30x | as long as short |
| Phemex QQQUSDTshort | 0.0000% | 8h | 744.24 | +0.251% | $361K | $1.4M | 10x | |
| Bybit QQQUSDT | +0.0022% | 8h | 744.08 | +0.229% | $10.7M | $4.9M | 50x | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Bybit QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 743.87 | +0.201% | $7.6M | $18.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.20 | +0.245% | $37.4M | $78.7M | 50x | as long as short |
| Variational Omni QQQ | +0.0039% | 8h | 743.94 | +0.210% | $17.1M | $10.8M | — | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.15 | +0.104% | $746K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.61 | +0.300% | — | $388K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 743.51 | +0.152% | $1.2M | $624K | 20x | as long as short |
| Binance QQQUSDT | +0.0068% | 8h | 744.12 | +0.234% | $71.0M | $155.0M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.69 | +0.176% | $3.4M | $413K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.50 | +0.151% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.73 | +0.182% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.35 | +0.130% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0109% | 1h | 743.66 | +0.172% | $1.5M | $1.2M | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0127% | 1h | 743.84 | +0.197% | $425K | $147K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0165% | 8h | 744.03 | +0.223% | $327K | $1.8M | 10x | as long as short |
| Bitget QQQUSDT | +0.0173% | 8h | 744.15 | +0.238% | $16.9M | $6.6M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.10 | +0.232% | $5.5M | $9.0M | 25x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 743.65 | +0.171% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0496% | 4h | 743.85 | +0.198% | $761K | $336K | 20x | as long as short |
Lighter QQQ
Lighter RH QQQ
Variational Omni QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
Bitget QQQUSDT
RISEx QQQ/USDC
Phoenix QQQ
edgeX QQQUSDC