QQQ

Alert

Funding spread now, next payment 16:00 UTC+0.0263%/8h

paid, last 24h+0.034%paid, last 3 days+0.283%to open and closeno order book

Long on Ondo Perps Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps QQQ-USD.P	735.52	−0.0224	get 0.0028% / 1h	25m 12s	$4.3M	$1.9M	20x
Short	Variational Omni QQQ	737.27	0.0039	get 0.0039% / 8h	25m 12s	$17.6M	$8.9M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Ondo PerpsbpFee Variational OmnibpOrdersRate

Funding earned: $55.27
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $50.27
Break-even: 0.6 days

Slippage unknown: Ondo Perps: no order-book sample; Variational Omni: RFQ quote, just now. Net counts fees only.

Price risk

price view

Price gap now: +0.238%
Avg gap 7d: +0.202%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Variational Omni RFQ quote, just now	1.90 bp	doesn't fit	2.1 bp −$21	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX QQQUSDC	−0.0648%	4h	$753K	$331K	20x	as long as short
Ondo Perps QQQ-USD.Plong	−0.0224%	1h	$4.3M	$1.9M	20x
Phoenix QQQ	−0.0087%	1h	$38K	$74K	20x	as long as short
Coinbase International QQQ-PERP-INTX	−0.0032%	1h	$1.2M	$788K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	$20.2M	$19.4M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	$2.7M	$32.3M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	$2K	$2.2M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	0.0000%	1h	$421K	$298K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	$258K	$26K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	$360K	$1.3M	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster QQQUSDT	+0.0002%	8h	$549K	$202K	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L +0.0020% / S +0.0041%	1h	$13K	—	53x	as long as short
Bybit QQQUSDT	+0.0026%	8h	$10.7M	$4.7M	50x	as long as short
Variational Omni QQQshort	+0.0039%	8h	$17.6M	$8.9M	—
Lighter RH QQQ	+0.0040%	1h	$40.6M	$74.2M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	$796K	$1.4M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	—	$490K	50x	as long as short
Binance QQQUSDT	+0.0062%	8h	$62.0M	$115.4M	25x	as long as short
RISEx QQQ/USDC	+0.0065%	1h	$5.5M	$8.9M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	$3.4M	$411K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	$16K	$2.1M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	$7K	—	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	$92K	$1K	10x	as long as short
BloFin QQQ-USDT	+0.0120%	8h	$1.0M	$463K	20x	as long as short
Nado QQQ-PERP	+0.0163%	1h	$1.5M	$1.4M	20x	as long as short
Bitget QQQUSDT	+0.0222%	8h	$16.5M	$6.7M	20x	as long as short
Lighter QQQ	+0.0264%	1h	$8.3M	$18.0M	30x	as long as short