Funding you earn now, next payment 06:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.010%
Price spread now: Arcus against Variational Omni−0.108%50s7-day average −0.142% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.001%$0 on $10k
+Price spread, last 7 days+0.001%$0 · spread now −0.108%, 7d avg −0.142%
=Together, before fees+0.003%+ Points / potential airdropVariational Omni: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.034% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.142%. 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 | Variational Omni QQQ | 742.98 | 0 | get 0.0000% / 8h | 2h 04m | $16.9M | $7.3M | — |
| Short | Arcus QQQ-USD | 742.18 | 0.0040 | get 0.0005% / 1h | 4m 41s | $689K | $1.6M | 25x |
Variational Omni QQQ
Arcus QQQ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Variational Omni. 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
- $8.46
- Price spread: −0.108% → −0.142%
- $3.38
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $7.34
- Costs to cover
- 0.045%
- Break-even
- 0.9 days
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Arcus: live order book, 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 Variational Omni RFQ quote, 4 min ago | 1.90 bp | doesn't fit | 2.4 bp −$24 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 4 min ago | 1.08 bp | 6.3 bp −$6 | 11.7 bp −$117 | doesn't fit | 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 −0.0153% / S +0.0246% | 1h | 743.11 | +0.016% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0008% | 1h | 741.84 | −0.154% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.60 | −0.052% | $824K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 742.95 | −0.005% | $70.3M | $145.2M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.96 | −0.003% | $10.6M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.79 | −0.026% | $21.5M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 743.00 | +0.002% | $5.4M | $6.6M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.31 | −0.091% | $3.3M | $21.4M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.10 | +0.015% | $16.6M | $5.6M | 20x | as long as short |
| Variational Omni QQQlong | 0.0000% | 8h | 742.98 | long leg | $16.9M | $7.3M | — |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 743.58 | +0.080% | $2K | $1.8M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.63 | −0.048% | $1.2M | $541K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.32 | +0.045% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.59 | +0.081% | $362K | $1.6M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0027% | 8h | 742.82 | −0.022% | $1.1M | $278K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.72 | −0.036% | $7.6M | $15.8M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.16 | +0.024% | $37.0M | $81.0M | 50x | as long as short |
| Arcus QQQ-USDshort | +0.0040% | 1h | 742.18 | −0.108% | $689K | $1.6M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.00 | +0.137% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0097% | 8h | 743.30 | +0.042% | $315K | $2.0M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.69 | −0.040% | $3.4M | $365K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.73 | −0.034% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.75 | −0.032% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.28 | −0.095% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0122% | 1h | 742.66 | −0.044% | $1.5M | $750K | 20x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 742.79 | −0.026% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0262% | 1h | 742.92 | −0.009% | $424K | $153K | 20x | as long as short |
| edgeX QQQUSDC | +0.0567% | 4h | 743.11 | +0.017% | $760K | $335K | 20x | as long as short |
SunX QQQ-USDT
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC