Funding you earn now, next payment 04:00 UTC+0.0131%/8h= +14.4% APRpaid last 24h +0.039%
Price spread now: Phemex against Ondo Perps+0.200%7-day average +0.231% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.237%+$24 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now +0.200%, 7d avg +0.231%
=Together, before fees+0.318%+ Points / potential airdropOndo Perps: Active · farm board+$32 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phemex is 0.031% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.200% now, against its 7-day average of +0.231%). If the spread goes back, that is −$3 on $10k: about 19 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps QQQ-USD.P | 743.24 | −0.0131 | get 0.0016% / 1h | 9m 42s | $4.2M | $1.8M | 20x |
| Short | Phemex QQQUSDT | 744.73 | 0 | get 0.0000% / 8h | 4h 09m | $361K | $1.5M | 10x |
Ondo Perps QQQ-USD.P
Phemex QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $27.55
- Price spread: +0.200% → +0.231%
- −$3.05
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $7.5
- Costs to cover
- 0.170%
- Break-even
- 5.1 days
Slippage unknown: Ondo Perps: no order-book sample; Phemex: live order book, 3 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 Phemex live order book, 3 min ago | 1.61 bp | 30.7 bp −$31 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.Plong | −0.0131% | 1h | 743.24 | long leg | $4.2M | $1.8M | 20x | |
| GMX QQQ/USD [ETH-USDC] | L −0.0127% / S +0.0226% | 1h | 744.34 | +0.147% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | 0.0000% | 8h | 744.14 | +0.121% | $1.1M | $261K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.28 | +0.140% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.29 | +0.141% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.09 | +0.114% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.37 | +0.152% | $5.4M | $7.4M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.74 | +0.067% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.45 | +0.163% | $16.9M | $5.7M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 744.11 | +0.117% | $17.1M | $7.4M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 744.73 | +0.200% | $2K | $1.9M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.65 | +0.190% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDTshort | 0.0000% | 8h | 744.73 | +0.200% | $361K | $1.5M | 10x | |
| Coinbase International QQQ-PERP-INTX | +0.0008% | 1h | 743.80 | +0.075% | $1.2M | $536K | 20x | as long as short |
| Binance QQQUSDT | +0.0024% | 8h | 744.29 | +0.141% | $71.0M | $141.5M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.15 | +0.122% | $7.7M | $16.4M | 30x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.59 | +0.047% | $698K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.25 | +0.270% | — | $337K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0046% | 1h | 744.03 | +0.106% | $425K | $150K | 20x | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 744.59 | +0.182% | $37.0M | $79.8M | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0092% | 8h | 744.39 | +0.155% | $324K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0095% | 1h | 743.92 | +0.091% | $1.5M | $834K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.92 | +0.091% | $3.4M | $363K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.90 | +0.089% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.03 | +0.106% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.48 | +0.033% | $93K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 743.93 | +0.093% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0627% | 4h | 744.18 | +0.127% | $761K | $336K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
Lighter RH QQQ
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC