Funding you earn now, next payment 01:00 UTC+0.0101%/8h= +11.1% APRpaid last 24h +0.032%
Price spread now: Nado against Bybit−0.051%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$250.253% of the position
Funding, last 3 days (all we have)+0.020%+$2 on $10k
+Price spread, last 7 days+0.030%+$3 · spread now −0.051%, 7d avg −0.035%
=Together, before fees+0.050%+ Points / potential airdropNado: Active · farm board+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.035%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit QQQUSDT | 744.83 | 0 | get 0.0000% / 8h | 7h 25m | $10.7M | $4.9M | 50x |
| Short | Nado QQQ-PERP | 744.45 | 0.0101 | get 0.0013% / 1h | 25m 33s | $1.5M | $1.2M | 20x |
Bybit QQQUSDT
Nado QQQ-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Bybit. 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
- $21.2
- Price spread: −0.051% → −0.035%
- −$1.6
- Slippage, 4 orders
- −$7.27
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$5.67
- Costs to cover
- 0.253%
- Break-even
- 8.9 days
Slippage from Bybit: live order book, 3 min ago; Nado: live order book, 3 min ago.
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 Bybit live order book, 3 min ago | 0.07 bp | 8.2 bp −$8 | 13.5 bp −$135 | 81.8 bp −$8,182 | doesn't fit |
| Sell Nado live order book, 3 min ago | 0.07 bp | 4.3 bp −$4 | 6.7 bp −$67 | 87.3 bp −$8,734 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0356% | 1h | 743.42 | −0.189% | $4.2M | $2.1M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0086% / S +0.0194% | 1h | 744.85 | +0.002% | $25K | — | 26x | as long as short |
| Bybit QQQUSDTlong | 0.0000% | 8h | 744.83 | long leg | $10.7M | $4.9M | 50x | |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.58 | −0.034% | $21.5M | $25.3M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.44 | −0.052% | $3.3M | $27.7M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 745.35 | +0.070% | $2K | $2.2M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 745.42 | +0.079% | $258K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 745.11 | +0.038% | $361K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0003% | 8h | 744.22 | −0.082% | $841K | $714K | 20x | as long as short |
| BloFin QQQ-USDT | +0.0023% | 8h | 744.39 | −0.059% | $1.1M | $318K | 20x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDT
BloFin QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 744.50 | −0.044% | $7.7M | $18.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.91 | +0.011% | $37.4M | $80.2M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 744.02 | −0.109% | $748K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.26 | +0.058% | — | $306K | 50x | as long as short |
| Variational Omni QQQ | +0.0052% | 8h | 744.72 | −0.014% | $17.1M | $9.6M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 744.61 | −0.030% | $1.2M | $549K | 20x | as long as short |
| Binance QQQUSDT | +0.0080% | 8h | 744.73 | −0.013% | $71.1M | $152.0M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.33 | −0.067% | $3.4M | $410K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.53 | −0.040% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.55 | −0.038% | $12K | $21K | 20x | as long as short |
| Nado QQQ-PERPshort | +0.0101% | 1h | 744.45 | −0.051% | $1.5M | $1.2M | 20x | |
| Aevo QQQ-PERP | +0.0104% | 1h | 744.13 | −0.095% | $93K | $1K | 10x | as long as short |
| Bitget QQQUSDT | +0.0180% | 8h | 744.83 | 0.000% | $16.9M | $6.5M | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0193% | 1h | 744.71 | −0.016% | $425K | $147K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.76 | −0.009% | $5.4M | $8.6M | 25x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 744.03 | −0.107% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0304% | 8h | 745.05 | +0.030% | $317K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0961% | 4h | 744.90 | +0.010% | $762K | $335K | 20x | as long as short |
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Bitget QQQUSDT
Deribit QQQ_USDC-PERPETUAL
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC