Funding you earn now, next payment 11:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h −0.009%
Price spread now: Variational Omni against Arcus+0.152%50s7-day average +0.142% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.004%$0 on $10k
+Price spread, last 7 days−0.060%−$6 · spread now +0.152%, 7d avg +0.142%
=Together, before fees−0.064%+ Points / potential airdropVariational Omni: Active · farm board−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.142%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 50 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 | Arcus QQQ-USD | 742.01 | 0.0040 | pay 0.0005% / 1h | 2m 56s | $659K | $1.4M | 25x |
| Short | Variational Omni QQQ | 743.14 | 0.0073 | get 0.0073% / 8h | 5h 02m | $16.9M | $7.0M | — |
Arcus QQQ-USD
Variational Omni QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Arcus. 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
- $6.83
- Price spread: +0.152% → +0.142%
- $1.02
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $3.35
- Costs to cover
- 0.045%
- Break-even
- 3.6 days
Slippage unknown: Arcus: live order book, 4 min ago; Variational Omni: RFQ quote, 4 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 Arcus live order book, 4 min ago | 1.35 bp | 5.2 bp −$5 | 5.3 bp −$53 | 14.9 bp −$1,485 | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 1.90 bp | doesn't fit | 2.0 bp −$20 | doesn't fit | doesn't fit |
QQQ on 28 exchanges
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 −0.0203% / S +0.0285% | 1h | 743.39 | +0.187% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0133% | 1h | 741.76 | −0.034% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.13 | +0.151% | $857K | $903K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.88 | +0.117% | $22.1M | $30.8M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.96 | +0.128% | $5.5M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.43 | +0.057% | $3.5M | $20.0M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.21 | +0.162% | $17.0M | $5.9M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.56 | +0.209% | $2K | $1.5M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.44 | +0.193% | $247K | $45K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.69 | +0.226% | $361K | $1.7M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin QQQ-USDT | +0.0018% | 8h | 742.87 | +0.116% | $1.1M | $241K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.34 | +0.044% | $7.3M | $16.6M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.10 | +0.147% | $38.9M | $78.5M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 742.65 | +0.086% | $1.2M | $539K | 20x | as long as short |
| Bybit QQQUSDT | +0.0039% | 8h | 743.00 | +0.133% | $10.6M | $5.0M | 50x | as long as short |
| Arcus QQQ-USDlong | +0.0040% | 1h | 742.01 | long leg | $659K | $1.4M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.88 | +0.252% | — | $337K | 50x | as long as short |
| Variational Omni QQQshort | +0.0073% | 8h | 743.14 | +0.152% | $16.9M | $7.0M | — | |
| Deribit QQQ_USDC-PERPETUAL | +0.0073% | 1h | 742.60 | +0.080% | $398K | $103K | 20x | as long as short |
| Binance QQQUSDT | +0.0094% | 8h | 743.11 | +0.148% | $72.4M | $146.4M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.64 | +0.085% | $3.4M | $500K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.64 | +0.085% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.78 | +0.104% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.31 | +0.040% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0125% | 1h | 742.58 | +0.077% | $1.6M | $773K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0256% | 8h | 743.31 | +0.175% | $318K | $2.1M | 10x | as long as short |
| edgeX QQQUSDC | +0.0273% | 4h | 743.10 | +0.147% | $760K | $336K | 20x | as long as short |
| Phoenix QQQ | +0.0302% | 1h | 742.73 | +0.097% | $38K | $59K | 20x | as long as short |
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Bybit QQQUSDT
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
edgeX QQQUSDC
Phoenix QQQ