Funding you earn now, next payment 03:00 UTC+0.0081%/8h= +8.9% APRpaid last 24h −0.008%
Price spread now: Deribit against Variational Omni−0.013%7-day average −0.040% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.081%+$8 on $10k
+Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.013%, 7d avg −0.040%
=Together, before fees+0.177%+ Points / potential airdropVariational Omni: Active · farm board+$18 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 Deribit is 0.026% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.040%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni QQQ | 744.37 | 0.0018 | pay 0.0018% / 8h | 5h 03m | $17.1M | $7.5M | — |
| Short | Deribit QQQ_USDC-PERPETUAL | 744.27 | 0.0099 | get 0.0012% / 1h | 3m 23s | $425K | $149K | 20x |
Variational Omni QQQ
Deribit QQQ_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Variational Omni. 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
- $17.08
- Price spread: −0.013% → −0.040%
- $2.61
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $12.69
- Costs to cover
- 0.070%
- Break-even
- 1.8 days
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Deribit: live order book, 60 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 Variational Omni RFQ quote, 1 min ago | 1.89 bp | doesn't fit | 2.0 bp −$20 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 60 min ago | 0.07 bp | 9.0 bp −$9 | 10.5 bp −$105 | doesn't fit | doesn't fit |
QQQ on 28 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 −0.0116% / S +0.0217% | 1h | 744.48 | +0.014% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0075% | 1h | 743.24 | −0.152% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.43 | +0.008% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.57 | +0.027% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.36 | −0.001% | $21.5M | $26.8M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.54 | +0.023% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.01 | −0.048% | $3.3M | $21.2M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.59 | +0.030% | $16.9M | $5.7M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.98 | +0.082% | $2K | $1.9M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.78 | +0.055% | $257K | $29K | 30x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 744.77 | +0.054% | $360K | $1.5M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0007% | 8h | 744.37 | 0.000% | $1.1M | $281K | 20x | as long as short |
| Variational Omni QQQlong | +0.0018% | 8h | 744.37 | long leg | $17.1M | $7.5M | — | |
| Lighter QQQ | +0.0032% | 1h | 744.30 | −0.009% | $7.7M | $17.2M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.75 | +0.051% | $37.1M | $80.8M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 743.92 | −0.060% | $1.2M | $535K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.61 | −0.102% | $695K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.48 | +0.149% | — | $337K | 50x | as long as short |
| Binance QQQUSDT | +0.0052% | 8h | 744.47 | +0.013% | $71.2M | $142.6M | 25x | as long as short |
| Nado QQQ-PERP | +0.0083% | 1h | 744.13 | −0.033% | $1.5M | $876K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUALshort | +0.0099% | 1h | 744.27 | −0.013% | $425K | $149K | 20x | |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.17 | −0.027% | $3.4M | $403K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.22 | −0.020% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.23 | −0.019% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.70 | −0.091% | $93K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0122% | 8h | 744.71 | +0.046% | $322K | $1.9M | 10x | as long as short |
| Phoenix QQQ | +0.0161% | 1h | 744.14 | −0.031% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0453% | 4h | 744.45 | +0.011% | $761K | $335K | 20x | as long as short |
Phemex QQQUSDT
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Vest QQQ-USD-PERP
Binance QQQUSDT
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC