Funding you earn now, next payment 04:00 UTC−0.0122%/8h= −13.3% APRpaid last 24h −0.039%
Price spread now: Ondo Perps against Phemex−0.205%7-day average −0.231% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.237%−$24 on $10k
+Price spread, last 4 days (all we have)−0.077%−$8 · spread now −0.205%, 7d avg −0.231%
=Together, before fees−0.314%+ Points / potential airdropOndo Perps: Active · farm board−$31 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.026% dearer against Phemex than usual: you sell high and buy low (spread −0.205% now, against its 7-day average of −0.231%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 17 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex QQQUSDT | 744.79 | 0 | get 0.0000% / 8h | 4h 39m | $360K | $1.5M | 10x |
| Short | Ondo Perps QQQ-USD.P | 743.26 | −0.0122 | pay 0.0015% / 1h | 39m 45s | $4.2M | $1.8M | 20x |
Phemex QQQUSDT
Ondo Perps QQQ-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Phemex. 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
- −$25.54
- Price spread: −0.205% → −0.231%
- $2.56
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$39.98
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 3 min ago; Ondo Perps: no order-book sample. 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 Phemex live order book, 3 min ago | 1.54 bp | 32.9 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
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.Pshort | −0.0122% | 1h | 743.26 | −0.205% | $4.2M | $1.8M | 20x | |
| GMX QQQ/USD [ETH-USDC] | L −0.0121% / S +0.0221% | 1h | 744.52 | −0.036% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0002% | 8h | 744.38 | −0.055% | $1.1M | $271K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.49 | −0.040% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.33 | −0.062% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.30 | −0.066% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.64 | −0.020% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.93 | −0.115% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.59 | −0.027% | $16.9M | $5.7M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.98 | +0.026% | $2K | $1.9M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
Bybit 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 | 744.72 | −0.009% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDTlong | 0.0000% | 8h | 744.79 | long leg | $360K | $1.5M | 10x | |
| Variational Omni QQQ | +0.0006% | 8h | 744.39 | −0.054% | $17.1M | $7.5M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0008% | 1h | 743.80 | −0.133% | $1.2M | $536K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.30 | −0.066% | $7.7M | $16.3M | 30x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.69 | −0.148% | $702K | $1.6M | 25x | as long as short |
| Binance QQQUSDT | +0.0042% | 8h | 744.47 | −0.043% | $71.1M | $141.8M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.56 | +0.103% | — | $337K | 50x | as long as short |
| Lighter RH QQQ | +0.0056% | 1h | 744.80 | +0.001% | $36.9M | $78.8M | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.14 | −0.087% | $3.4M | $391K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.07 | −0.097% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.23 | −0.075% | $12K | $21K | 20x | as long as short |
| Nado QQQ-PERP | +0.0101% | 1h | 744.23 | −0.075% | $1.5M | $876K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.70 | −0.147% | $93K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0117% | 8h | 744.58 | −0.028% | $319K | $1.9M | 10x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 744.09 | −0.094% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0207% | 1h | 744.41 | −0.051% | $425K | $149K | 20x | as long as short |
| edgeX QQQUSDC | +0.0728% | 4h | 744.46 | −0.044% | $761K | $333K | 20x | as long as short |
HTX QQQ-USDT
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Arcus QQQ-USD
Binance QQQUSDT
Vest QQQ-USD-PERP
Lighter RH QQQ
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Nado QQQ-PERP
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC