Funding you earn now, next payment 23:00 UTC−0.0022%/8h= −2.5% APRpaid last 24h −0.002%
Price spread now: Variational Omni against Coinbase International+0.068%7-day average +0.045% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.075%−$8 on $10k
+Price spread, last 3 days (all we have)−0.113%−$11 · spread now +0.068%, 7d avg +0.045%
=Together, before fees−0.188%+ Points / potential airdropVariational Omni: Active · farm board−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.023% dearer against Coinbase International than usual: you sell high and buy low (spread +0.068% now, against its 7-day average of +0.045%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.4 days. At the pace of the last 3 days (−0.075% in total) that is about 24 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International QQQ-PERP-INTX | 742.80 | 0.0072 | pay 0.0009% / 1h | 39m 31s | $1.2M | $866K | 20x |
| Short | Variational Omni QQQ | 743.30 | 0.0050 | get 0.0050% / 8h | 39m 31s | $17.6M | $10.3M | — |
Coinbase International QQQ-PERP-INTX
Variational Omni QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Coinbase International. 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
- −$4.71
- Price spread: +0.068% → +0.045%
- $2.26
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$12.45
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 4 min ago; Variational Omni: RFQ quote, 5 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 Coinbase International live order book, 4 min ago | 0.07 bp | 5.3 bp −$5 | 7.1 bp −$71 | 38.7 bp −$3,871 | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 1.90 bp | doesn't fit | 3.4 bp −$34 | 9.9 bp −$989 | 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 −0.0071% / S +0.0182% | 1h | 743.38 | +0.077% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0023% | 8h | 743.09 | +0.039% | $1.0M | $469K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.25 | +0.061% | $21.6M | $27.7M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.82 | +0.003% | $3.1M | $32.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.80 | +0.135% | $2K | $2.3M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 742.97 | +0.023% | $424K | $173K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.15 | +0.047% | $257K | $26K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.66 | +0.116% | $361K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.35 | +0.073% | $841K | $783K | 20x | as long as short |
| Lighter RH QQQ | +0.0040% | 1h | 743.56 | +0.102% | $37.6M | $79.2M | 50x | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDT
Lighter RH QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus QQQ-USD | +0.0040% | 1h | 742.68 | −0.016% | $738K | $1.4M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.83 | +0.139% | — | $621K | 50x | as long as short |
| Variational Omni QQQshort | +0.0050% | 8h | 743.30 | +0.068% | $17.6M | $10.3M | — | |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 742.10 | −0.094% | $4.2M | $2.1M | 20x | as long as short |
| Coinbase International QQQ-PERP-INTXlong | +0.0072% | 1h | 742.80 | long leg | $1.2M | $866K | 20x | |
| Binance QQQUSDT | +0.0079% | 8h | 743.36 | +0.075% | $71.0M | $160.6M | 25x | as long as short |
| Lighter QQQ | +0.0080% | 1h | 743.24 | +0.059% | $7.6M | $20.9M | 30x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.93 | +0.018% | $3.4M | $423K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.85 | +0.007% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.09 | +0.039% | $12K | $21K | 20x | as long as short |
| Bybit QQQUSDT | +0.0101% | 8h | 743.44 | +0.086% | $10.7M | $5.2M | 50x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.64 | −0.021% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0179% | 1h | 742.86 | +0.009% | $1.5M | $1.3M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0192% | 8h | 743.51 | +0.095% | $323K | $1.8M | 10x | as long as short |
| Bitget QQQUSDT | +0.0192% | 8h | 743.39 | +0.079% | $16.9M | $7.1M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0193% | 1h | 743.48 | +0.091% | $5.4M | $8.9M | 25x | as long as short |
| Phoenix QQQ | +0.0194% | 1h | 743.04 | +0.032% | $38K | $73K | 20x | as long as short |
| edgeX QQQUSDC | +0.0437% | 4h | 743.22 | +0.057% | $760K | $335K | 20x | as long as short |
Arcus QQQ-USD
Vest QQQ-USD-PERP
Ondo Perps QQQ-USD.P
Binance QQQUSDT
Lighter QQQ
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Bybit QQQUSDT
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Bitget QQQUSDT
RISEx QQQ/USDC
Phoenix QQQ
edgeX QQQUSDC