Funding you earn now, next payment 06:00 UTC+0.0090%/8h= +9.8% APRnext payment +$0.11 per $10,000 · paid last 24h +0.027%
Price spread now: Nado against Lighter RH−0.084%7-day average −0.013% · 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−$19as in the Price arb table
costs, in and out, $10k−$120.120% of the position
Funding, last 3 days (all we have)+0.003%$0 on $10k
+Price spread, last 7 days+0.017%+$2 · spread now −0.084%, 7d avg −0.013%
=Together, before fees+0.020%+ Points / potential airdropLighter RH: Points live · Nado: Active · farm board+$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.070% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of −0.013%). If the spread goes back, that is −$7 on $10k: about 2.6 days of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.003% in total) that is about 3 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH QQQ | 742.80 | 0.0032 | pay 0.0004% / 1h | 46m 17s | $36.9M | $78.4M | 50x |
| Short | Nado QQQ-PERP | 742.18 | 0.0122 | get 0.0015% / 1h | 46m 17s | $1.5M | $761K | 20x |
Lighter RH QQQ
Nado QQQ-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Lighter RH. 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
- $18.81
- Price spread: −0.084% → −0.013%
- −$7.03
- Slippage, 4 orders
- −$5.04
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$0.26
- Costs to cover
- 0.120%
- Break-even
- 7.1 days
Slippage from Lighter RH: live order book, 3 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 Lighter RH live order book, 3 min ago | 0.47 bp | 0.9 bp −$1 | 1.5 bp −$15 | 8.3 bp −$830 | doesn't fit |
| Sell Nado live order book, 2 min ago | 0.07 bp | 5.3 bp −$5 | 9.5 bp −$95 | 86.0 bp −$8,597 | 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 −0.0144% / S +0.0240% | 1h | 742.57 | −0.032% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.55 | −0.034% | $824K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 742.56 | −0.032% | $69.8M | $142.9M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.66 | −0.019% | $10.7M | $5.1M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.27 | −0.071% | $21.6M | $27.8M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.56 | −0.032% | $5.4M | $7.2M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.92 | −0.118% | $3.3M | $21.3M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.69 | −0.015% | $16.6M | $5.7M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 742.62 | −0.025% | $17.1M | $7.2M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.09 | +0.039% | $2K | $1.9M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.10 | −0.094% | $1.2M | $538K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.85 | +0.007% | $252K | $38K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.86 | +0.008% | $359K | $1.6M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0001% | 8h | 742.26 | −0.073% | $1.1M | $246K | 20x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0002% | 1h | 741.73 | −0.144% | $4.2M | $1.8M | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.42 | −0.051% | $7.7M | $15.5M | 30x | as long as short |
| Lighter RH QQQlong | +0.0032% | 1h | 742.80 | long leg | $36.9M | $78.4M | 50x | |
| Arcus QQQ-USD | +0.0040% | 1h | 741.72 | −0.145% | $702K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.49 | +0.093% | — | $337K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0073% | 1h | 742.37 | −0.058% | $424K | $151K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0077% | 8h | 742.85 | +0.006% | $319K | $1.9M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.24 | −0.075% | $3.4M | $349K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.32 | −0.065% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.28 | −0.070% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.76 | −0.140% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERPshort | +0.0122% | 1h | 742.18 | −0.084% | $1.5M | $761K | 20x | |
| Phoenix QQQ | +0.0129% | 1h | 742.17 | −0.085% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0971% | 4h | 742.47 | −0.044% | $759K | $336K | 20x | as long as short |
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDT
Ondo Perps QQQ-USD.P
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC