Funding you earn now, next payment 01:00 UTC+0.0029%/8h= +3.2% APRnext payment +$0.04 per $10,000 · paid last 24h +0.033%
Price spread now: Nado against Deribit−0.050%7-day average +0.032% · 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−$190.193% of the position
Funding, last 3 days (all we have)−0.077%−$8 on $10k
+Price spread, last 3 days (all we have)+0.065%+$6 · spread now −0.050%, 7d avg +0.032%
=Together, before fees−0.012%+ Points / potential airdropNado: Active · farm board−$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.082% cheaper against Deribit than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of +0.032%). If the spread goes back, that is −$8 on $10k: about 9.3 days of funding at the current rate (+$1 a day). Mind the row above: over the last 3 days funding on this pair cost −0.077%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit QQQ_USDC-PERPETUAL | 744.88 | 0.0072 | pay 0.0009% / 1h | 27m 03s | $426K | $147K | 20x |
| Short | Nado QQQ-PERP | 744.51 | 0.0101 | get 0.0013% / 1h | 27m 03s | $1.5M | $1.3M | 20x |
Deribit QQQ_USDC-PERPETUAL
Nado QQQ-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Deribit. 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
- $6.12
- Price spread: −0.050% → +0.032%
- −$8.16
- Slippage, 4 orders
- −$5.3
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$21.34
- Costs to cover
- 0.193%
- Break-even
- 31.4 days
Slippage from Deribit: live order book, 47 min ago; Nado: live order book, 2 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 Deribit live order book, 47 min ago | 1.28 bp | 4.8 bp −$5 | 8.0 bp −$80 | doesn't fit | doesn't fit |
| Sell Nado live order book, 2 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 | −0.0360% | 1h | 743.44 | −0.193% | $4.2M | $2.1M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0086% / S +0.0194% | 1h | 745.12 | +0.032% | $25K | — | 26x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 745.16 | +0.038% | $10.7M | $4.9M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.83 | −0.007% | $21.6M | $25.1M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.60 | −0.038% | $3.3M | $27.7M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 745.42 | +0.072% | $1K | $2.2M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 745.42 | +0.072% | $258K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 745.25 | +0.050% | $361K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0001% | 8h | 744.36 | −0.070% | $841K | $714K | 20x | as long as short |
| BloFin QQQ-USDT | +0.0023% | 8h | 744.39 | −0.066% | $1.1M | $318K | 20x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Bybit QQQUSDT
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 | 744.86 | −0.003% | $7.7M | $18.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 745.25 | +0.050% | $37.4M | $80.1M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.85 | −0.138% | $748K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.57 | +0.093% | — | $306K | 50x | as long as short |
| Variational Omni QQQ | +0.0047% | 8h | 744.24 | −0.086% | $17.1M | $9.7M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 744.61 | −0.036% | $1.2M | $549K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUALlong | +0.0072% | 1h | 744.88 | long leg | $426K | $147K | 20x | |
| Binance QQQUSDT | +0.0077% | 8h | 745.04 | +0.021% | $71.2M | $152.1M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.55 | −0.044% | $3.4M | $410K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.28 | −0.081% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.62 | −0.035% | $12K | $21K | 20x | as long as short |
| Nado QQQ-PERPshort | +0.0101% | 1h | 744.51 | −0.050% | $1.5M | $1.3M | 20x | |
| Aevo QQQ-PERP | +0.0104% | 1h | 744.19 | −0.093% | $93K | $1K | 10x | as long as short |
| Bitget QQQUSDT | +0.0176% | 8h | 745.13 | +0.034% | $16.9M | $6.5M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 745.00 | +0.017% | $5.4M | $8.7M | 25x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 744.03 | −0.114% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0263% | 8h | 744.41 | −0.063% | $316K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0289% | 4h | 744.45 | −0.058% | $761K | $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
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC