Funding you earn now, next payment 09:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.001%
Price spread now: Arcus against Variational Omni−0.130%50s7-day average −0.142% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.003%$0 on $10k
+Price spread, last 7 days+0.020%+$2 · spread now −0.130%, 7d avg −0.142%
=Together, before fees+0.023%+ Points / potential airdropVariational Omni: Active · farm board+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.142%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni QQQ | 741.01 | 0 | get 0.0000% / 8h | 7h 48m | $16.8M | $7.2M | — |
| Short | Arcus QQQ-USD | 740.05 | 0.0040 | get 0.0005% / 1h | 48m 41s | $646K | $1.7M | 25x |
Variational Omni QQQ
Arcus QQQ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Variational Omni. 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
- $8.46
- Price spread: −0.130% → −0.142%
- $1.25
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $5.21
- Costs to cover
- 0.045%
- Break-even
- 2.7 days
Slippage unknown: Variational Omni: RFQ quote, just now; Arcus: live order book, just now. 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 Variational Omni RFQ quote, just now | 1.90 bp | doesn't fit | 2.5 bp −$25 | doesn't fit | doesn't fit |
| Sell Arcus live order book, just now | 0.27 bp | 3.7 bp −$4 | 3.9 bp −$39 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX QQQ/USD [ETH-USDC] | L −0.0181% / S +0.0268% | 1h | 741.04 | +0.004% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 740.85 | −0.022% | $823K | $865K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 740.68 | −0.045% | $21.6M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 740.79 | −0.031% | $5.4M | $5.8M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 740.29 | −0.098% | $3.4M | $20.5M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 740.97 | −0.006% | $16.5M | $5.2M | 20x | as long as short |
| Variational Omni QQQlong | 0.0000% | 8h | 741.01 | long leg | $16.8M | $7.2M | — | |
| SunX QQQ-USDT | 0.0000% | 8h | 741.34 | +0.044% | $2K | $1.7M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 741.13 | +0.016% | $250K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 741.25 | +0.032% | $362K | $1.6M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit QQQUSDT | +0.0007% | 8h | 740.99 | −0.003% | $10.7M | $4.9M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0024% | 1h | 740.11 | −0.122% | $1.2M | $490K | 20x | as long as short |
| BloFin QQQ-USDT | +0.0025% | 8h | 740.70 | −0.042% | $1.1M | $274K | 20x | as long as short |
| Binance QQQUSDT | +0.0028% | 8h | 740.99 | −0.003% | $70.2M | $140.1M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 740.70 | −0.042% | $7.7M | $15.0M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 741.04 | +0.004% | $37.5M | $78.9M | 50x | as long as short |
| Arcus QQQ-USDshort | +0.0040% | 1h | 740.05 | −0.130% | $646K | $1.7M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 741.85 | +0.113% | — | $337K | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 739.82 | −0.161% | $4.2M | $1.8M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0063% | 8h | 741.14 | +0.017% | $326K | $2.0M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0074% | 1h | 740.72 | −0.040% | $423K | $157K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 740.51 | −0.068% | $3.4M | $370K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 740.52 | −0.066% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 740.63 | −0.052% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 740.17 | −0.114% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0147% | 1h | 740.44 | −0.077% | $1.6M | $744K | 20x | as long as short |
| edgeX QQQUSDC | +0.0210% | 4h | 740.86 | −0.021% | $757K | $335K | 20x | as long as short |
| Phoenix QQQ | +0.0248% | 1h | 740.33 | −0.092% | $38K | $65K | 20x | as long as short |
Bybit QQQUSDT
Coinbase International QQQ-PERP-INTX
BloFin QQQ-USDT
Binance QQQUSDT
Lighter QQQ
Lighter RH QQQ
Vest QQQ-USD-PERP
Ondo Perps QQQ-USD.P
GRVT QQQ_USDT_Perp
Deribit QQQ_USDC-PERPETUAL
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
edgeX QQQUSDC
Phoenix QQQ