Funding you earn now, next payment 07:00 UTC+0.0113%/8h= +12.3% APRnext payment +$0.14 per $10,000 · paid last 24h +0.019%
Price spread now: Nado against Lighter−0.021%77s7-day average +0.055% · 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—prices read too far apart to compare
costs, in and out, $10k−$120.122% of the position
Funding, last 3 days (all we have)−0.013%−$1 on $10k
+Price spread, last 7 days+0.144%+$14 · spread now −0.021%, 7d avg +0.055%
=Together, before fees+0.131%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board+$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.077% cheaper against Lighter than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.055%). If the spread goes back, that is −$8 on $10k: about 2.3 days of funding at the current rate (+$3 a day). The two prices were read 77 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 | Lighter QQQ | 741.68 | 0.0032 | pay 0.0004% / 1h | 40m 58s | $7.6M | $15.4M | 30x |
| Short | Nado QQQ-PERP | 741.52 | 0.0145 | get 0.0018% / 1h | 40m 58s | $1.5M | $758K | 20x |
Lighter QQQ
Nado QQQ-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Lighter. 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
- $23.67
- Price spread: −0.021% → +0.055%
- −$7.66
- Slippage, 4 orders
- −$5.19
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $3.82
- Costs to cover
- 0.122%
- Break-even
- 5.9 days
Slippage from Lighter: live order book, 8 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 Lighter live order book, 8 min ago | 1.08 bp | 1.1 bp −$1 | 2.1 bp −$21 | 11.0 bp −$1,096 | 47.1 bp −$23.6K |
| Sell Nado live order book, 3 min ago | 0.07 bp | 4.5 bp −$5 | 6.9 bp −$69 | 84.8 bp −$8,482 | 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 −0.0158% / S +0.0250% | 1h | 741.90 | +0.030% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0030% | 1h | 740.94 | −0.100% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0011% | 8h | 741.77 | +0.012% | $1.1M | $278K | 20x | as long as short |
| Gate QQQ_USDT | −0.0001% | 8h | 741.26 | −0.057% | $3.3M | $21.5M | 50x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.79 | +0.014% | $823K | $858K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.82 | +0.019% | $10.5M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.69 | +0.001% | $21.5M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.72 | +0.006% | $5.5M | $6.3M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.00 | +0.043% | $16.6M | $5.6M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.78 | +0.013% | $16.9M | $7.3M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Gate QQQ_USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 742.36 | +0.092% | $2K | $1.8M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 741.96 | +0.038% | $250K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.05 | +0.050% | $360K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0001% | 8h | 741.87 | +0.026% | $70.1M | $145.4M | 25x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.73 | +0.007% | $1.2M | $550K | 20x | as long as short |
| Lighter QQQlong | +0.0032% | 1h | 741.68 | long leg | $7.6M | $15.4M | 30x | |
| Lighter RH QQQ | +0.0040% | 1h | 742.08 | +0.054% | $36.9M | $80.0M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.05 | −0.085% | $686K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.82 | +0.154% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.50 | −0.024% | $3.4M | $352K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.52 | −0.022% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.61 | −0.009% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.11 | −0.077% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0111% | 8h | 742.20 | +0.070% | $318K | $2.0M | 10x | as long as short |
| Nado QQQ-PERPshort | +0.0145% | 1h | 741.52 | −0.021% | $1.5M | $758K | 20x | |
| Phoenix QQQ | +0.0205% | 1h | 741.77 | +0.012% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0211% | 4h | 741.89 | +0.028% | $759K | $336K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0276% | 1h | 741.70 | +0.003% | $424K | $154K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
Coinbase International QQQ-PERP-INTX
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC
Deribit QQQ_USDC-PERPETUAL