Funding you earn now, next payment 03:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.025%
Price spread now: Nado against GRVT−0.041%7-day average −0.066% · 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−$20as in the Price arb table
costs, in and out, $10k−$230.228% of the position
Funding, last 3 days (all we have)−0.050%−$5 on $10k
+Price spread, last 7 days−0.076%−$8 · spread now −0.041%, 7d avg −0.066%
=Together, before fees−0.126%+ Points / potential airdropGRVT: Active · Nado: Active · farm board−$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.025% dearer against GRVT than usual: you sell high and buy low (spread −0.041% now, against its 7-day average of −0.066%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT QQQ_USDT_Perp | 744.53 | 0.0122 | pay 0.0122% / 8h | 5h 04m | $322K | $1.9M | 10x |
| Short | Nado QQQ-PERP | 744.22 | 0.0082 | get 0.0010% / 1h | 4m 38s | $1.5M | $875K | 20x |
GRVT QQQ_USDT_Perp
Nado QQQ-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against GRVT. 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
- −$8.35
- Price spread: −0.041% → −0.066%
- $2.53
- Slippage, 4 orders
- −$6.82
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$28.63
- Costs to cover
- 0.228%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 4 min ago; Nado: live order book, 4 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 GRVT live order book, 4 min ago | 0.47 bp | 5.0 bp −$5 | 6.1 bp −$61 | doesn't fit | doesn't fit |
| Sell Nado live order book, 4 min ago | 0.07 bp | 6.3 bp −$6 | 17.4 bp −$174 | 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 −0.0116% / S +0.0217% | 1h | 744.63 | +0.015% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0075% | 1h | 743.24 | −0.173% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.43 | −0.013% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.67 | +0.019% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.42 | −0.014% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.61 | +0.012% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.17 | −0.048% | $3.3M | $21.2M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.75 | +0.030% | $16.9M | $5.7M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 745.00 | +0.064% | $2K | $1.9M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.78 | +0.034% | $257K | $29K | 30x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 744.96 | +0.058% | $360K | $1.5M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0007% | 8h | 744.37 | −0.021% | $1.1M | $281K | 20x | as long as short |
| Variational Omni QQQ | +0.0018% | 8h | 744.37 | −0.021% | $17.1M | $7.5M | — | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.45 | −0.010% | $7.7M | $17.2M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.89 | +0.049% | $37.1M | $80.6M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 743.92 | −0.081% | $1.2M | $535K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.62 | −0.122% | $695K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.55 | +0.138% | — | $337K | 50x | as long as short |
| Binance QQQUSDT | +0.0052% | 8h | 744.65 | +0.017% | $71.2M | $142.8M | 25x | as long as short |
| Nado QQQ-PERPshort | +0.0082% | 1h | 744.22 | −0.041% | $1.5M | $875K | 20x | |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.26 | −0.036% | $3.4M | $403K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.09 | −0.058% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.27 | −0.034% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.73 | −0.106% | $93K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0113% | 1h | 744.37 | −0.021% | $425K | $149K | 20x | as long as short |
| GRVT QQQ_USDT_Perplong | +0.0122% | 8h | 744.53 | long leg | $322K | $1.9M | 10x | |
| Phoenix QQQ | +0.0161% | 1h | 744.07 | −0.061% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0314% | 4h | 744.40 | −0.017% | $761K | $335K | 20x | as long as short |
Phemex QQQUSDT
BloFin QQQ-USDT
Variational Omni QQQ
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Vest QQQ-USD-PERP
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
Phoenix QQQ
edgeX QQQUSDC