Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.010%
Price spread now: KuCoin against Variational Omni−0.065%7-day average −0.044% · 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)+0.071%+$7 on $10k
+Price spread, last 7 days−0.048%−$5 · spread now −0.065%, 7d avg −0.044%
=Together, before fees+0.023%+ Points / potential airdropVariational Omni: Active · farm board+$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.021% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of −0.044%). If the spread goes back, that is −$2 on $10k: about 17 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni QQQ | 741.75 | 0 | get 0.0000% / 8h | 11m 32s | $16.8M | $7.2M | — |
| Short | KuCoin QQQUSDTM | 741.27 | 0.0100 | get 0.0100% / 8h | 11m 32s | $3.4M | $351K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: −0.065% → −0.044%
- −$2.09
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $6.91
- Costs to cover
- 0.120%
- Break-even
- 4.7 days
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; KuCoin: 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, 3 min ago | 1.89 bp | doesn't fit | 4.2 bp −$42 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 1.62 bp | 20.5 bp −$20 | 130.5 bp −$1,305 | 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 −0.0176% / S +0.0264% | 1h | 741.88 | +0.018% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0147% | 1h | 740.60 | −0.155% | $4.2M | $1.8M | 20x | as long as short |
| Gate QQQ_USDT | −0.0093% | 8h | 741.25 | −0.067% | $3.3M | $21.7M | 50x | as long as short |
| BloFin QQQ-USDT | −0.0023% | 8h | 741.73 | −0.003% | $1.1M | $274K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.67 | −0.011% | $824K | $864K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.59 | −0.022% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.40 | −0.047% | $21.4M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.41 | −0.045% | $5.4M | $5.9M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 741.79 | +0.005% | $16.5M | $5.3M | 20x | as long as short |
| Variational Omni QQQlong | 0.0000% | 8h | 741.75 | long leg | $16.8M | $7.2M | — |
Show all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 742.22 | +0.063% | $2K | $1.7M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.05 | +0.040% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.14 | +0.053% | $362K | $1.6M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.15 | −0.081% | $1.2M | $488K | 20x | as long as short |
| Binance QQQUSDT | +0.0023% | 8h | 741.65 | −0.013% | $70.3M | $140.9M | 25x | as long as short |
| edgeX QQQUSDC | +0.0027% | 4h | 741.76 | +0.001% | $758K | $337K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.45 | −0.040% | $7.7M | $15.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 741.78 | +0.004% | $37.3M | $81.2M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 740.94 | −0.109% | $647K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.84 | +0.147% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTMshort | +0.0100% | 8h | 741.27 | −0.065% | $3.4M | $351K | 20x | |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.53 | −0.030% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.51 | −0.032% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.10 | −0.087% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0139% | 1h | 741.51 | −0.032% | $1.6M | $748K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0143% | 8h | 742.13 | +0.051% | $315K | $2.0M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0222% | 1h | 741.62 | −0.018% | $424K | $156K | 20x | as long as short |
| Phoenix QQQ | +0.0227% | 1h | 741.64 | −0.015% | $38K | $65K | 20x | as long as short |
Variational Omni QQQ
KuCoin QQQUSDTM
GMX QQQ/USD [ETH-USDC]
Gate QQQ_USDT
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
edgeX QQQUSDC
Lighter QQQ
Lighter RH QQQ
ApeX Omni QQQUSDT
GRVT QQQ_USDT_Perp
Deribit QQQ_USDC-PERPETUAL
Phoenix QQQ