Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.3% APRnext payment +$0.40 per $10,000 · paid last 24h +0.020%
Price spread now: Variational Omni against Phemex−0.018%7-day average −0.052% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.025%+$2 on $10k
+Price spread, last 3 days (all we have)−0.055%−$6 · spread now −0.018%, 7d avg −0.052%
=Together, before fees−0.030%+ Points / potential airdropVariational Omni: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Variational Omni is 0.034% dearer against Phemex than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.052%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex QQQUSDT | 743.97 | 0 | get 0.0000% / 8h | 7h 53m | $363K | $1.4M | 10x |
| Short | Variational Omni QQQ | 743.83 | 0.0040 | get 0.0040% / 8h | 7h 53m | $17.1M | $10.8M | — |
Phemex QQQUSDT
Variational Omni QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $8.3
- Price spread: −0.018% → −0.052%
- $3.43
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$0.27
- Costs to cover
- 0.120%
- Break-even
- 7.2 days
Slippage unknown: Phemex: live order book, 4 min ago; 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 Phemex live order book, 4 min ago | 1.88 bp | 36.4 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 1.90 bp | doesn't fit | 2.6 bp −$26 | 9.8 bp −$980 | doesn't fit |
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.P | −0.0352% | 1h | 742.38 | −0.214% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0081% / S +0.0190% | 1h | 743.97 | −0.001% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0018% | 8h | 743.81 | −0.022% | $1.0M | $318K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.58 | −0.052% | $841K | $757K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.82 | −0.020% | $21.5M | $25.4M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.52 | −0.060% | $3.1M | $26.1M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.43 | +0.062% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.14 | −0.112% | $257K | $28K | 30x | as long as short |
| Phemex QQQUSDTlong | 0.0000% | 8h | 743.97 | long leg | $363K | $1.4M | 10x | |
| Bybit QQQUSDT | +0.0024% | 8h | 744.04 | +0.009% | $10.7M | $4.8M | 50x | as long as short |
Ondo Perps QQQ-USD.P
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 | 743.76 | −0.028% | $7.6M | $18.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.04 | +0.009% | $37.4M | $78.6M | 50x | as long as short |
| Variational Omni QQQshort | +0.0040% | 8h | 743.83 | −0.018% | $17.1M | $10.8M | — | |
| Arcus QQQ-USD | +0.0040% | 1h | 743.05 | −0.124% | $747K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.49 | +0.070% | — | $388K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 743.51 | −0.062% | $1.2M | $626K | 20x | as long as short |
| Binance QQQUSDT | +0.0068% | 8h | 743.97 | 0.000% | $70.9M | $155.7M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.58 | −0.052% | $3.4M | $413K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.44 | −0.071% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.64 | −0.044% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.32 | −0.087% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0112% | 1h | 743.55 | −0.056% | $1.5M | $1.2M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0116% | 8h | 743.95 | −0.003% | $316K | $1.8M | 10x | as long as short |
| Bitget QQQUSDT | +0.0171% | 8h | 743.98 | +0.001% | $16.9M | $6.6M | 20x | as long as short |
| Phoenix QQQ | +0.0194% | 1h | 743.43 | −0.073% | $38K | $66K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 743.89 | −0.011% | $5.6M | $9.0M | 25x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0275% | 1h | 743.94 | −0.004% | $425K | $147K | 20x | as long as short |
| edgeX QQQUSDC | +0.0662% | 4h | 743.73 | −0.032% | $760K | $335K | 20x | as long as short |
Lighter QQQ
Lighter RH 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
GRVT QQQ_USDT_Perp
Bitget QQQUSDT
Phoenix QQQ
RISEx QQQ/USDC
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC