Funding you earn now, next payment 09:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.04 per $10,000 · paid last 24h +0.035%
Price spread now: Coinbase International against Ondo Perps+0.079%7-day average +0.129% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.463%+$46 on $10k
+Price spread, last 4 days (all we have)+0.199%+$20 · spread now +0.079%, 7d avg +0.129%
=Together, before fees+0.661%+ Points / potential airdropOndo Perps: Active · farm board+$66 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.050% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.079% now, against its 7-day average of +0.129%). If the spread goes back, that is −$5 on $10k: about 5.3 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.463% in total) that is about 18 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps QQQ-USD.P | 742.28 | 0.0001 | pay 0.0000% / 1h | 59m 27s | $4.2M | $1.8M | 20x |
| Short | Coinbase International QQQ-PERP-INTX | 742.87 | 0.0032 | get 0.0004% / 1h | 59m 27s | $1.2M | $540K | 20x |
Ondo Perps QQQ-USD.P
Coinbase International QQQ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Ondo Perps. 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
- $6.55
- Price spread: +0.079% → +0.129%
- −$4.98
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$13.43
- Costs to cover
- 0.150%
- Break-even
- 21.3 days
Slippage unknown: Ondo Perps: no order-book sample; Coinbase International: live order book, 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 2 min ago | 0.40 bp | 6.6 bp −$7 | 8.2 bp −$82 | 34.5 bp −$3,451 | doesn't fit |
Ondo Perps: 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 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 | 743.64 | +0.184% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.22 | +0.126% | $858K | $903K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.10 | +0.110% | $21.7M | $30.2M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 743.05 | +0.104% | $5.5M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.85 | +0.077% | $3.5M | $19.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.29 | +0.136% | $17.0M | $5.9M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.09 | +0.244% | $1K | $1.6M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.89 | +0.082% | $251K | $38K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.76 | +0.199% | $361K | $1.6M | 10x | as long as short |
| Ondo Perps QQQ-USD.Plong | +0.0001% | 1h | 742.28 | long leg | $4.2M | $1.8M | 20x |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
OKX QQQ-USDT-SWAP
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin QQQ-USDT | +0.0019% | 8h | 742.89 | +0.082% | $1.1M | $230K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.07 | +0.106% | $7.5M | $15.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.40 | +0.151% | $38.5M | $76.0M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTXshort | +0.0032% | 1h | 742.87 | +0.079% | $1.2M | $540K | 20x | |
| Variational Omni QQQ | +0.0036% | 8h | 742.92 | +0.086% | $16.8M | $7.0M | — | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.27 | −0.001% | $658K | $1.4M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.99 | +0.230% | — | $337K | 50x | as long as short |
| Bybit QQQUSDT | +0.0055% | 8h | 743.45 | +0.158% | $10.7M | $4.8M | 50x | as long as short |
| Binance QQQUSDT | +0.0064% | 8h | 743.29 | +0.136% | $71.6M | $145.7M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.82 | +0.073% | $3.4M | $461K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.58 | +0.040% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.07 | +0.106% | $12K | $21K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0100% | 1h | 743.05 | +0.104% | $399K | $147K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.58 | +0.040% | $92K | $1K | 10x | as long as short |
| edgeX QQQUSDC | +0.0166% | 4h | 742.84 | +0.075% | $760K | $337K | 20x | as long as short |
| Nado QQQ-PERP | +0.0168% | 1h | 742.98 | +0.094% | $1.6M | $769K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0208% | 8h | 743.29 | +0.136% | $319K | $2.0M | 10x | as long as short |
| Phoenix QQQ | +0.0280% | 1h | 742.89 | +0.082% | $38K | $59K | 20x | as long as short |
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Variational Omni QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Bybit QQQUSDT
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Deribit QQQ_USDC-PERPETUAL
Aevo QQQ-PERP
edgeX QQQUSDC
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ