Funding you earn now, next payment 01:00 UTC+0.0410%/8h= +44.9% APRpaid last 24h +0.068%
Price spread now: Variational Omni against Ondo Perps+0.202%7-day average +0.199% · 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)+0.055%+$6 on $10k
+Price spread, last 7 days+0.035%+$3 · spread now +0.202%, 7d avg +0.199%
=Together, before fees+0.090%+ Points / potential airdropOndo Perps: Active · Variational Omni: Active · farm board+$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.199%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.055% in total (about 6.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps QQQ-USD.P | 742.44 | −0.0371 | get 0.0046% / 1h | 47m 15s | $4.2M | $2.0M | 20x |
| Short | Variational Omni QQQ | 743.94 | 0.0039 | get 0.0039% / 8h | 7h 47m | $17.1M | $10.8M | — |
Ondo Perps QQQ-USD.P
Variational Omni QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $86.07
- Price spread: +0.202% → +0.199%
- $0.32
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $81.39
- Costs to cover
- 0.050%
- Break-even
- 0.4 days
Slippage unknown: Ondo Perps: no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 2 min ago | 1.89 bp | doesn't fit | 1.9 bp −$19 | 5.8 bp −$579 | 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 | −0.0371% | 1h | 742.44 | long leg | $4.2M | $2.0M | 20x | |
| GMX QQQ/USD [ETH-USDC] | L −0.0082% / S +0.0191% | 1h | 744.50 | +0.278% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0022% | 8h | 744.06 | +0.218% | $1.0M | $318K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.87 | +0.192% | $841K | $760K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.33 | +0.255% | $21.5M | $25.4M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.11 | +0.225% | $3.2M | $26.6M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.90 | +0.331% | $2K | $2.2M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.80 | +0.318% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.78 | +0.315% | $360K | $1.4M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0005% | 1h | 744.12 | +0.226% | $425K | $147K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Deribit QQQ_USDC-PERPETUALShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 744.25 | +0.244% | $7.6M | $18.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.59 | +0.290% | $37.4M | $79.0M | 50x | as long as short |
| Variational Omni QQQshort | +0.0039% | 8h | 743.94 | +0.202% | $17.1M | $10.8M | — | |
| Arcus QQQ-USD | +0.0040% | 1h | 743.39 | +0.128% | $747K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.94 | +0.337% | — | $336K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 743.73 | +0.174% | $1.2M | $625K | 20x | as long as short |
| Binance QQQUSDT | +0.0070% | 8h | 744.47 | +0.273% | $71.0M | $155.1M | 25x | as long as short |
| Bybit QQQUSDT | +0.0079% | 8h | 744.63 | +0.295% | $10.7M | $4.9M | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.00 | +0.210% | $3.4M | $413K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.83 | +0.187% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.17 | +0.233% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.69 | +0.169% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0112% | 1h | 743.99 | +0.209% | $1.5M | $1.2M | 20x | as long as short |
| Bitget QQQUSDT | +0.0178% | 8h | 744.50 | +0.277% | $16.9M | $6.6M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.47 | +0.273% | $5.5M | $9.0M | 25x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0219% | 8h | 744.39 | +0.262% | $327K | $1.8M | 10x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 743.91 | +0.198% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0995% | 4h | 744.25 | +0.244% | $761K | $336K | 20x | as long as short |
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Bybit QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Bitget QQQUSDT
RISEx QQQ/USDC
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC