Funding you earn now, next payment 04:00 UTC−0.0255%/8h= −27.9% APRpaid last 24h +0.007%
Price spread now: Variational Omni against Deribit−0.002%7-day average +0.039% · 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)−0.082%−$8 on $10k
+Price spread, last 4 days (all we have)+0.012%+$1 · spread now −0.002%, 7d avg +0.039%
=Together, before fees−0.070%+ Points / potential airdropVariational Omni: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Variational Omni is 0.041% cheaper against Deribit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.039%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.082% in total (about -8.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit QQQ_USDC-PERPETUAL | 744.40 | 0.0261 | pay 0.0033% / 1h | 37m 04s | $425K | $149K | 20x |
| Short | Variational Omni QQQ | 744.39 | 0.0006 | get 0.0006% / 8h | 4h 37m | $17.1M | $7.5M | — |
Deribit QQQ_USDC-PERPETUAL
Variational Omni QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Deribit. 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
- −$53.52
- Price spread: −0.002% → +0.039%
- −$4.09
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$64.61
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 22 min ago; Variational Omni: RFQ quote, 2 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 Deribit live order book, 22 min ago | 0.07 bp | 3.6 bp −$4 | 3.6 bp −$36 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 1.90 bp | doesn't fit | 2.0 bp −$20 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0136% | 1h | 742.94 | −0.196% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0121% / S +0.0222% | 1h | 744.49 | +0.011% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0021% | 8h | 744.29 | −0.015% | $1.1M | $271K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.45 | +0.007% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.43 | +0.004% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.29 | −0.015% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.54 | +0.019% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.89 | −0.069% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.62 | +0.030% | $16.9M | $5.7M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.94 | +0.073% | $2K | $1.9M | 10x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
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 | 744.70 | +0.040% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.81 | +0.055% | $361K | $1.5M | 10x | as long as short |
| Variational Omni QQQshort | +0.0006% | 8h | 744.39 | −0.002% | $17.1M | $7.5M | — | |
| Coinbase International QQQ-PERP-INTX | +0.0008% | 1h | 743.96 | −0.059% | $1.2M | $536K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.29 | −0.015% | $7.7M | $16.3M | 30x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.75 | −0.087% | $700K | $1.6M | 25x | as long as short |
| Binance QQQUSDT | +0.0041% | 8h | 744.45 | +0.006% | $71.1M | $141.8M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.45 | +0.141% | — | $337K | 50x | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 744.77 | +0.050% | $36.9M | $78.9M | 50x | as long as short |
| Nado QQQ-PERP | +0.0096% | 1h | 744.19 | −0.029% | $1.5M | $876K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.12 | −0.038% | $3.4M | $390K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.14 | −0.035% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.18 | −0.030% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.65 | −0.100% | $93K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0114% | 8h | 744.62 | +0.030% | $319K | $1.9M | 10x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 744.01 | −0.052% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUALlong | +0.0261% | 1h | 744.40 | long leg | $425K | $149K | 20x | |
| edgeX QQQUSDC | +0.0636% | 4h | 744.35 | −0.006% | $761K | $334K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Arcus QQQ-USD
Binance QQQUSDT
Vest QQQ-USD-PERP
Lighter RH QQQ
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC