Funding you earn now, next payment 16:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.75 per $10,000 · paid last 24h +0.010%
Price spread now: Variational Omni against OKX+0.052%7-day average −0.009% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.026%+$3 on $10k
+Price spread, last 7 days−0.050%−$5 · spread now +0.052%, 7d avg −0.009%
=Together, before fees−0.024%+ Points / potential airdropVariational Omni: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Variational Omni is 0.061% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX QQQ-USDT-SWAP | 742.62 | 0 | get 0.0000% / 8h | 4h 58m | $22.1M | $30.8M | 50x |
| Short | Variational Omni QQQ | 743.01 | 0.0075 | get 0.0075% / 8h | 4h 58m | $16.9M | $7.0M | — |
OKX QQQ-USDT-SWAP
Variational Omni QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against OKX. 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
- $15.78
- Price spread: +0.052% → −0.009%
- $6.13
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $11.91
- Costs to cover
- 0.100%
- Break-even
- 1.7 days
Slippage unknown: OKX: live order book, 3 min ago; Variational Omni: RFQ quote, 4 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 OKX live order book, 3 min ago | 0.07 bp | 5.1 bp −$5 | 6.2 bp −$62 | 12.9 bp −$1,293 | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 1.90 bp | doesn't fit | 2.3 bp −$23 | doesn't fit | doesn't fit |
QQQ on 28 exchanges
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 −0.0203% / S +0.0285% | 1h | 743.27 | +0.088% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0014% | 1h | 741.93 | −0.093% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0006% | 8h | 743.04 | +0.057% | $1.1M | $241K | 20x | as long as short |
| OKX QQQ-USDT-SWAPlong | 0.0000% | 8h | 742.62 | long leg | $22.1M | $30.8M | 50x | |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.56 | −0.008% | $5.5M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.31 | −0.042% | $3.6M | $19.7M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.86 | +0.032% | $17.0M | $5.9M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.50 | +0.118% | $2K | $1.5M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.47 | +0.114% | $247K | $45K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.47 | +0.114% | $360K | $1.7M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster QQQUSDT | +0.0003% | 8h | 742.59 | −0.004% | $856K | $903K | 20x | as long as short |
| Arcus QQQ-USD | +0.0004% | 1h | 741.76 | −0.116% | $657K | $1.4M | 25x | as long as short |
| Bybit QQQUSDT | +0.0031% | 8h | 742.67 | +0.007% | $10.7M | $5.0M | 50x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.16 | −0.062% | $7.3M | $16.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.86 | +0.032% | $38.9M | $75.7M | 50x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.63 | +0.136% | — | $337K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0048% | 1h | 742.65 | +0.004% | $1.2M | $538K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0073% | 1h | 742.74 | +0.016% | $399K | $103K | 20x | as long as short |
| Variational Omni QQQshort | +0.0075% | 8h | 743.01 | +0.052% | $16.9M | $7.0M | — | |
| Nado QQQ-PERP | +0.0095% | 1h | 742.35 | −0.036% | $1.6M | $773K | 20x | as long as short |
| Binance QQQUSDT | +0.0095% | 8h | 742.79 | +0.023% | $72.3M | $146.2M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.33 | −0.039% | $3.4M | $503K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.62 | 0.000% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.75 | +0.018% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.28 | −0.046% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0256% | 8h | 743.38 | +0.102% | $319K | $2.1M | 10x | as long as short |
| edgeX QQQUSDC | +0.0288% | 4h | 742.98 | +0.048% | $760K | $337K | 20x | as long as short |
| Phoenix QQQ | +0.0302% | 1h | 742.72 | +0.013% | $38K | $59K | 20x | as long as short |
Aster QQQUSDT
Arcus QQQ-USD
Bybit QQQUSDT
Lighter QQQ
Lighter RH QQQ
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Deribit QQQ_USDC-PERPETUAL
Nado QQQ-PERP
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
edgeX QQQUSDC
Phoenix QQQ