Funding you earn now, next payment 05:00 UTC+0.0129%/8h= +14.2% APRpaid last 24h −0.006%
Price spread now: Phoenix against Variational Omni−0.012%84s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 84 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni QQQ | 741.86 | 0 | get 0.0000% / 8h | 2h 25m | $16.9M | $7.3M | — |
| Short | Phoenix QQQ | 741.77 | 0.0129 | get 0.0016% / 1h | 25m 57s | $38K | $66K | 20x |
Variational Omni QQQ
Phoenix QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $27.16
- Price spread: −0.012% → 0.000%
- −$1.25
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $18.91
- Costs to cover
- 0.070%
- Break-even
- 2.1 days
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Phoenix: no order-book sample. 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, 3 min ago | 1.89 bp | doesn't fit | 2.4 bp −$24 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 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 −0.0149% / S +0.0243% | 1h | 742.01 | +0.021% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0019% | 8h | 741.68 | −0.025% | $1.1M | $267K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.02 | +0.021% | $823K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 742.07 | +0.027% | $69.9M | $143.9M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.88 | +0.002% | $10.6M | $5.1M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.80 | −0.008% | $21.6M | $28.0M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.89 | +0.003% | $5.4M | $7.0M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.30 | −0.076% | $3.3M | $21.3M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.08 | +0.029% | $16.6M | $5.7M | 20x | as long as short |
| Variational Omni QQQlong | 0.0000% | 8h | 741.86 | long leg | $16.9M | $7.3M | — |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 742.50 | +0.086% | $2K | $1.8M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 741.54 | −0.043% | $1.2M | $539K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.18 | +0.043% | $250K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.24 | +0.051% | $361K | $1.6M | 10x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.79 | −0.010% | $7.7M | $15.6M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.21 | +0.047% | $36.8M | $79.9M | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0033% | 1h | 740.81 | −0.142% | $4.2M | $1.8M | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 740.98 | −0.119% | $689K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.95 | +0.147% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0082% | 8h | 742.19 | +0.045% | $320K | $2.0M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.70 | −0.022% | $3.4M | $356K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.65 | −0.029% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.68 | −0.025% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.15 | −0.096% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0125% | 1h | 741.58 | −0.038% | $1.5M | $765K | 20x | as long as short |
| Phoenix QQQshort | +0.0129% | 1h | 741.77 | −0.012% | $38K | $66K | 20x | |
| Deribit QQQ_USDC-PERPETUAL | +0.0182% | 1h | 741.75 | −0.015% | $424K | $152K | 20x | as long as short |
| edgeX QQQUSDC | +0.0286% | 4h | 742.09 | +0.030% | $759K | $336K | 20x | as long as short |
SunX QQQ-USDT
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
Lighter QQQ
Lighter RH QQQ
Ondo Perps QQQ-USD.P
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC