Funding you earn now, next payment 09:00 UTC−0.0025%/8h= −2.8% APRpaid last 24h +0.044%
Price spread now: Bybit against Ondo Perps+0.122%7-day average +0.214% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.271%+$27 on $10k
+Price spread, last 7 days+0.105%+$11 · spread now +0.122%, 7d avg +0.214%
=Together, before fees+0.376%+ Points / potential airdropOndo Perps: Active · farm board+$38 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.093% cheaper against Ondo Perps than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.214%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.271%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps QQQ-USD.P | 739.24 | 0.0050 | pay 0.0006% / 1h | 36m 24s | $4.2M | $1.8M | 20x |
| Short | Bybit QQQUSDT | 740.14 | 0.0025 | get 0.0025% / 8h | 7h 36m | $10.7M | $4.9M | 50x |
Ondo Perps QQQ-USD.P
Bybit QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Ondo Perps. 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
- −$5.33
- Price spread: +0.122% → +0.214%
- −$9.26
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$30.59
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Bybit: live order book, 2 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 2 min ago | 0.07 bp | 7.8 bp −$8 | 9.8 bp −$98 | 58.2 bp −$5,823 | doesn't fit |
Ondo Perps: 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 −0.0184% / S +0.0270% | 1h | 740.23 | +0.133% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 740.25 | +0.137% | $822K | $865K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 739.94 | +0.095% | $21.6M | $28.2M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 739.96 | +0.097% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 739.59 | +0.047% | $3.4M | $20.6M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 740.23 | +0.134% | $16.5M | $5.1M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 740.55 | +0.177% | $1K | $1.7M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 740.70 | +0.198% | $250K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 740.83 | +0.215% | $365K | $1.6M | 10x | as long as short |
| Variational Omni QQQ | +0.0001% | 8h | 740.33 | +0.148% | $16.7M | $7.2M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin QQQ-USDT | +0.0006% | 8h | 740.22 | +0.133% | $1.1M | $274K | 20x | as long as short |
| edgeX QQQUSDC | +0.0010% | 4h | 740.44 | +0.163% | $757K | $335K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0024% | 1h | 739.68 | +0.060% | $1.2M | $492K | 20x | as long as short |
| Bybit QQQUSDTshort | +0.0025% | 8h | 740.14 | +0.122% | $10.7M | $4.9M | 50x | |
| Binance QQQUSDT | +0.0031% | 8h | 740.22 | +0.133% | $70.0M | $139.6M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 739.81 | +0.077% | $7.6M | $15.2M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 740.27 | +0.139% | $37.5M | $79.5M | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0034% | 1h | 739.99 | +0.101% | $423K | $158K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 739.28 | +0.005% | $646K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 741.05 | +0.245% | — | $337K | 50x | as long as short |
| Ondo Perps QQQ-USD.Plong | +0.0050% | 1h | 739.24 | long leg | $4.2M | $1.8M | 20x | |
| KuCoin QQQUSDTM | +0.0100% | 8h | 739.75 | +0.069% | $3.4M | $380K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 739.90 | +0.089% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 739.98 | +0.100% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 739.42 | +0.024% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0150% | 1h | 739.81 | +0.077% | $1.6M | $742K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0184% | 8h | 740.55 | +0.177% | $326K | $2.0M | 10x | as long as short |
| Phoenix QQQ | +0.0248% | 1h | 740.22 | +0.133% | $38K | $65K | 20x | as long as short |
BloFin QQQ-USDT
edgeX QQQUSDC
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Lighter QQQ
Lighter RH QQQ
Deribit QQQ_USDC-PERPETUAL
Arcus QQQ-USD
Vest QQQ-USD-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ