Funding you earn now, next payment 09:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h +0.040%
Price spread now: Variational Omni against Ondo Perps+0.132%7-day average +0.194% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.064%+$6 on $10k
+Price spread, last 7 days+0.107%+$11 · spread now +0.132%, 7d avg +0.194%
=Together, before fees+0.171%+ Points / potential airdropOndo Perps: Active · Variational Omni: Active · farm board+$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.063% cheaper against Ondo Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.194%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.064%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps QQQ-USD.P | 739.25 | 0.0050 | pay 0.0006% / 1h | 33m 12s | $4.2M | $1.8M | 20x |
| Short | Variational Omni QQQ | 740.22 | 0.0002 | get 0.0002% / 8h | 7h 33m | $16.7M | $7.2M | — |
Ondo Perps QQQ-USD.P
Variational Omni QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$10.16
- Price spread: +0.132% → +0.194%
- −$6.27
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$21.43
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Variational Omni: RFQ quote, 1 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 Variational Omni RFQ quote, 1 min ago | 1.90 bp | doesn't fit | 2.5 bp −$25 | 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 −0.0184% / S +0.0271% | 1h | 740.07 | +0.110% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 740.12 | +0.118% | $822K | $868K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 740.01 | +0.103% | $10.6M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 739.77 | +0.070% | $21.5M | $28.2M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 739.90 | +0.089% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 739.49 | +0.032% | $3.4M | $20.6M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 740.17 | +0.124% | $16.5M | $5.1M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 740.50 | +0.169% | $2K | $1.7M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 740.35 | +0.149% | $250K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 740.33 | +0.146% | $364K | $1.6M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni QQQshort | +0.0002% | 8h | 740.22 | +0.132% | $16.7M | $7.2M | — | |
| Coinbase International QQQ-PERP-INTX | +0.0024% | 1h | 740.02 | +0.104% | $1.2M | $495K | 20x | as long as short |
| BloFin QQQ-USDT | +0.0028% | 8h | 740.01 | +0.103% | $1.1M | $274K | 20x | as long as short |
| Binance QQQUSDT | +0.0031% | 8h | 740.05 | +0.108% | $70.1M | $139.9M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 739.74 | +0.066% | $7.6M | $15.3M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 740.11 | +0.116% | $37.5M | $79.7M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 739.30 | +0.007% | $646K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 740.99 | +0.235% | — | $337K | 50x | as long as short |
| Ondo Perps QQQ-USD.Plong | +0.0050% | 1h | 739.25 | long leg | $4.2M | $1.8M | 20x | |
| KuCoin QQQUSDTM | +0.0100% | 8h | 739.66 | +0.055% | $3.4M | $383K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 739.84 | +0.080% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 739.81 | +0.076% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 739.29 | +0.006% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0151% | 1h | 739.64 | +0.053% | $1.6M | $743K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0169% | 1h | 739.71 | +0.062% | $423K | $136K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0186% | 8h | 740.44 | +0.161% | $326K | $2.0M | 10x | as long as short |
| Phoenix QQQ | +0.0248% | 1h | 739.82 | +0.077% | $38K | $65K | 20x | as long as short |
| edgeX QQQUSDC | +0.0774% | 4h | 740.23 | +0.132% | $757K | $336K | 20x | as long as short |
Coinbase International QQQ-PERP-INTX
BloFin QQQ-USDT
Binance QQQUSDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC