Funding you earn now, next payment 07:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h −0.013%
Price spread now: Coinbase International against Variational Omni−0.069%7-day average −0.047% · 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)+0.073%+$7 on $10k
+Price spread, last 4 days (all we have)+0.095%+$10 · spread now −0.069%, 7d avg −0.047%
=Together, before fees+0.169%+ Points / potential airdropVariational Omni: Active · farm board+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.022% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of −0.047%). If the spread goes back, that is −$2 on $10k: about 4.6 days of funding at the current rate ($0 a day). At the pace of the last 4 days (+0.073% in total) that is about 26 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni QQQ | 742.02 | 0 | get 0.0000% / 8h | 37m 53s | $16.8M | $7.2M | — |
| Short | Coinbase International QQQ-PERP-INTX | 741.51 | 0.0016 | get 0.0002% / 1h | 37m 53s | $1.2M | $491K | 20x |
Variational Omni QQQ
Coinbase International QQQ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $3.36
- Price spread: −0.069% → −0.047%
- −$2.21
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$8.85
- Costs to cover
- 0.100%
- Break-even
- 25.4 days
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Coinbase International: live order book, 6 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 Variational Omni RFQ quote, 1 min ago | 1.89 bp | doesn't fit | 3.2 bp −$32 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 6 min ago | 0.07 bp | 6.0 bp −$6 | 7.7 bp −$77 | 39.2 bp −$3,917 | 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 | −0.0181% | 1h | 740.54 | −0.199% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0171% / S +0.0260% | 1h | 741.90 | −0.016% | $25K | — | 26x | as long as short |
| Gate QQQ_USDT | −0.0074% | 8h | 741.39 | −0.085% | $3.3M | $21.6M | 50x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.80 | −0.029% | $821K | $861K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.98 | −0.005% | $10.7M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.66 | −0.049% | $21.4M | $28.4M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.59 | −0.058% | $5.4M | $6.3M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 741.96 | −0.008% | $16.5M | $5.4M | 20x | as long as short |
| Variational Omni QQQlong | 0.0000% | 8h | 742.02 | long leg | $16.8M | $7.2M | — | |
| SunX QQQ-USDT | 0.0000% | 8h | 742.60 | +0.078% | $2K | $1.8M | 10x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Gate QQQ_USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
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 | 742.02 | 0.000% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.31 | +0.039% | $360K | $1.6M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0007% | 8h | 741.72 | −0.040% | $1.1M | $274K | 20x | as long as short |
| Binance QQQUSDT | +0.0008% | 8h | 741.85 | −0.023% | $70.1M | $142.2M | 25x | as long as short |
| Coinbase International QQQ-PERP-INTXshort | +0.0016% | 1h | 741.51 | −0.069% | $1.2M | $491K | 20x | |
| Lighter QQQ | +0.0032% | 1h | 741.66 | −0.049% | $7.7M | $15.3M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 741.98 | −0.005% | $37.3M | $80.1M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.33 | −0.093% | $644K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.75 | +0.098% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.47 | −0.074% | $3.4M | $360K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.61 | −0.055% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.57 | −0.061% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.10 | −0.124% | $92K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0114% | 1h | 741.63 | −0.053% | $424K | $156K | 20x | as long as short |
| Nado QQQ-PERP | +0.0115% | 1h | 741.36 | −0.089% | $1.6M | $761K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0126% | 8h | 742.20 | +0.025% | $325K | $2.0M | 10x | as long as short |
| edgeX QQQUSDC | +0.0200% | 4h | 742.04 | +0.002% | $759K | $335K | 20x | as long as short |
| Phoenix QQQ | +0.0227% | 1h | 741.67 | −0.047% | $38K | $65K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
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
Deribit QQQ_USDC-PERPETUAL
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
edgeX QQQUSDC
Phoenix QQQ