QQQ

Alert

Funding spread now, next payment 16:00 UTC−0.0090%/8h

next payment, per $10,000−$0.90paid, last 24h−0.011%paid, last 3 days−0.111%to open and closeno order book

Long on Orderly Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_QQQ_USDC_mythos	735.52	0.0100	pay 0.0100% / 8h	1h 24m	$6K	—	20x
Short	Variational Omni QQQ	735.71	0.0010	get 0.0010% / 8h	1h 24m	$17.6M	$8.8M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee Variational OmnibpOrdersRate

Funding earned: −$18.94
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$24.94
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.026%
Avg gap 7d: —

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 Orderly no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 1 min ago	1.90 bp	doesn't fit	2.0 bp −$20	doesn't fit	doesn't fit

Orderly: 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	−0.0900%	4h	$751K	$331K	20x	as long as short
Phoenix QQQ	−0.0197%	1h	$50K	$24K	20x	as long as short
Ondo Perps QQQ-USD.P	−0.0143%	1h	$4.3M	$1.8M	20x	as long as short
Arcus QQQ-USD	−0.0073%	1h	$782K	$1.4M	25x	as long as short
Coinbase International QQQ-PERP-INTX	−0.0056%	1h	$1.2M	$783K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	$548K	$200K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	$10.8M	$4.7M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	$20.0M	$17.4M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	$5.3M	$8.3M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	$2.7M	$31.3M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SunX QQQ-USDT	0.0000%	8h	$2K	$2.1M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	0.0000%	1h	$420K	$291K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	$257K	$26K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	$359K	$1.3M	10x	as long as short
Variational Omni QQQshort	+0.0010%	8h	$17.6M	$8.8M	—
GMX QQQ/USD [ETH-USDC]	L +0.0026% / S +0.0036%	1h	$13K	—	26x	as long as short
Binance QQQUSDT	+0.0034%	8h	$61.8M	$110.0M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	—	$382K	50x	as long as short
Nado QQQ-PERP	+0.0055%	1h	$1.5M	$1.3M	20x	as long as short
Lighter RH QQQ	+0.0064%	1h	$40.6M	$70.3M	50x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	$3.3M	$388K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	$16K	$2.1M	50x	as long as short
Orderly PERP_QQQ_USDC_mythoslong	+0.0100%	8h	$6K	—	20x
Aevo QQQ-PERP	+0.0104%	1h	$91K	$1K	10x	as long as short
BloFin QQQ-USDT	+0.0120%	8h	$990K	$454K	20x	as long as short
Lighter QQQ	+0.0168%	1h	$7.4M	$15.8M	30x	as long as short
Bitget QQQUSDT	+0.0206%	8h	$16.7M	$6.2M	20x	as long as short