Funding you earn now, next payment 03:00 UTC+0.0131%/8h= +14.4% APRnext payment +$0.16 per $10,000 · paid last 24h +0.056%
Price spread now: Deribit against Ondo Perps+0.073%7-day average +0.140% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)+0.186%+$19 on $10k
+Price spread, last 3 days (all we have)+0.032%+$3 · spread now +0.073%, 7d avg +0.140%
=Together, before fees+0.217%+ Points / potential airdropOndo Perps: Active · farm board+$22 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.067% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.073% now, against its 7-day average of +0.140%). If the spread goes back, that is −$7 on $10k: about 41 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps QQQ-USD.P | 743.42 | 0.0009 | pay 0.0001% / 1h | 49m 13s | $4.2M | $1.9M | 20x |
| Short | Deribit QQQ_USDC-PERPETUAL | 743.96 | 0.0140 | get 0.0017% / 1h | 49m 13s | $425K | $149K | 20x |
Ondo Perps QQQ-USD.P
Deribit QQQ_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $27.54
- Price spread: +0.073% → +0.140%
- −$6.71
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $8.83
- Costs to cover
- 0.120%
- Break-even
- 4.8 days
Slippage unknown: Ondo Perps: no order-book sample; Deribit: live order book, 14 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 Deribit live order book, 14 min ago | 0.07 bp | 9.0 bp −$9 | 10.5 bp −$105 | doesn't fit | 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 27 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 −0.0107% / S +0.0210% | 1h | 744.18 | +0.103% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.15 | +0.098% | $841K | $713K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.17 | +0.101% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.14 | +0.097% | $21.7M | $26.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.29 | +0.117% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.92 | +0.067% | $3.3M | $20.5M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.46 | +0.140% | $16.9M | $5.8M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.63 | +0.163% | $2K | $2.0M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.24 | +0.110% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.56 | +0.153% | $361K | $1.4M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX QQQUSDC | +0.0005% | 4h | 744.28 | +0.116% | $761K | $334K | 20x | as long as short |
| Ondo Perps QQQ-USD.Plong | +0.0009% | 1h | 743.42 | long leg | $4.2M | $1.9M | 20x | |
| Lighter QQQ | +0.0032% | 1h | 743.87 | +0.061% | $7.7M | $17.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.29 | +0.117% | $37.3M | $78.5M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 743.74 | +0.043% | $1.2M | $534K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.43 | +0.001% | $705K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.15 | +0.233% | — | $337K | 50x | as long as short |
| Variational Omni QQQ | +0.0049% | 8h | 744.19 | +0.104% | $17.1M | $7.5M | — | as long as short |
| Binance QQQUSDT | +0.0074% | 8h | 744.06 | +0.086% | $71.1M | $144.5M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.92 | +0.067% | $3.4M | $414K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.99 | +0.077% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.89 | +0.063% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.37 | −0.007% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0115% | 1h | 743.89 | +0.063% | $1.5M | $923K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUALshort | +0.0140% | 1h | 743.96 | +0.073% | $425K | $149K | 20x | |
| Phoenix QQQ | +0.0161% | 1h | 743.80 | +0.051% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0165% | 8h | 744.45 | +0.139% | $322K | $1.9M | 10x | as long as short |
edgeX QQQUSDC
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
GRVT QQQ_USDT_Perp