QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.42 per $10,000 · paid last 24h +0.005%

Price spread now: Orderly against Variational Omni−0.088%48s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.088% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.088% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 6.9 days of funding at the current rate (+$1 a day). The two prices were read 48 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	741.84	0.0058	pay 0.0058% / 8h	2h 10m	$17.2M	$10.6M	—
Short	Orderly PERP_QQQ_USDC_mythos	741.19	0.0100	get 0.0100% / 8h	2h 10m	$7K	$15K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee OrderlybpOrdersPrice spread, now −0.088%Rate

Funding earned: $8.85
Price spread: −0.088% → 0.000%: −$8.78
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$5.93
Costs to cover: 0.060%
Break-even: 11.7 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Orderly: 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 Variational Omni RFQ quote, 4 min ago	1.90 bp	doesn't fit	5.2 bp −$52	11.7 bp −$1,173	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
GMX QQQ/USD [ETH-USDC]	L −0.0060% / S +0.0173%	1h	741.98	+0.018%	$25K	—	26x	as long as short
BloFin QQQ-USDT	−0.0014%	8h	741.77	−0.010%	$1.0M	$509K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	741.78	−0.008%	$21.3M	$28.1M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	741.66	−0.024%	$3.1M	$33.3M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	742.40	+0.075%	$2K	$2.5M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.18	+0.046%	$256K	$32K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	742.22	+0.051%	$361K	$1.4M	10x	as long as short
Aster QQQUSDT	+0.0006%	8h	741.87	+0.004%	$840K	$780K	20x	as long as short
Arcus QQQ-USD	+0.0025%	1h	741.19	−0.088%	$735K	$1.5M	25x	as long as short
Ondo Perps QQQ-USD.P	+0.0029%	1h	740.94	−0.122%	$4.2M	$2.2M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest QQQ-USD-PERP	+0.0046%	1h	742.43	+0.079%	—	$621K	50x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0047%	1h	741.76	−0.011%	$424K	$304K	20x	as long as short
Variational Omni QQQlong	+0.0058%	8h	741.84	long leg	$17.2M	$10.6M	—
Coinbase International QQQ-PERP-INTX	+0.0064%	1h	741.44	−0.054%	$1.2M	$894K	20x	as long as short
Bybit QQQUSDT	+0.0071%	8h	742.08	+0.032%	$10.7M	$5.4M	50x	as long as short
Phoenix QQQ	+0.0076%	1h	741.52	−0.043%	$38K	$73K	20x	as long as short
Binance QQQUSDT	+0.0088%	8h	741.98	+0.019%	$69.8M	$165.5M	25x	as long as short
Lighter QQQ	+0.0096%	1h	741.82	−0.003%	$7.9M	$21.7M	30x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.47	−0.050%	$3.4M	$449K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.45	−0.053%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythosshort	+0.0100%	8h	741.19	−0.088%	$7K	$15K	20x
Aevo QQQ-PERP	+0.0104%	1h	741.30	−0.073%	$92K	$1K	10x	as long as short
Lighter RH QQQ	+0.0112%	1h	742.17	+0.044%	$37.8M	$83.1M	50x	as long as short
GRVT QQQ_USDT_Perp	+0.0179%	8h	742.01	+0.022%	$316K	$1.7M	10x	as long as short
RISEx QQQ/USDC	+0.0212%	1h	742.12	+0.038%	$5.4M	$9.3M	25x	as long as short
Bitget QQQUSDT	+0.0227%	8h	741.91	+0.009%	$16.7M	$7.8M	20x	as long as short
Nado QQQ-PERP	+0.0244%	1h	741.41	−0.059%	$1.5M	$1.3M	20x	as long as short
edgeX QQQUSDC	+0.0266%	4h	741.89	+0.007%	$759K	$338K	20x	as long as short