Funding you earn now, next payment 09:00 UTC−0.0120%/8h= −13.2% APRnext payment −$0.15 per $10,000 · paid last 24h −0.028%
Price spread now: Arcus against Nado−0.059%7-day average −0.126% · 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−$14as in the Price arb table
costs, in and out, $10k−$210.213% of the position
Funding, last 4 days (all we have)−0.020%−$2 on $10k
+Price spread, last 7 days−0.024%−$2 · spread now −0.059%, 7d avg −0.126%
=Together, before fees−0.044%+ Points / potential airdropNado: Active · farm board−$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Arcus is 0.068% dearer against Nado than usual: you sell high and buy low (spread −0.059% now, against its 7-day average of −0.126%): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 45 hours. At the pace of the last 4 days (−0.020% in total) that is about 12 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado QQQ-PERP | 739.00 | 0.0160 | pay 0.0020% / 1h | 28m 14s | $1.6M | $744K | 20x |
| Short | Arcus QQQ-USD | 738.57 | 0.0040 | get 0.0005% / 1h | 28m 14s | $645K | $1.7M | 25x |
Nado QQQ-PERP
Arcus QQQ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Nado. 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
- −$25.24
- Price spread: −0.059% → −0.126%
- $6.78
- Slippage, 4 orders
- −$9.76
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$39.72
- Costs to cover
- 0.213%
- Break-even
- never at this rate
Slippage from Nado: live order book, 5 min ago; Arcus: live order book, 1 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 Nado live order book, 5 min ago | 0.07 bp | 4.8 bp −$5 | 7.2 bp −$72 | 53.0 bp −$5,297 | doesn't fit |
| Sell Arcus live order book, 1 min ago | 1.08 bp | 4.0 bp −$4 | 4.0 bp −$40 | 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 −0.0185% / S +0.0272% | 1h | 739.51 | +0.069% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0025% | 8h | 739.94 | +0.127% | $1.1M | $278K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 739.61 | +0.082% | $822K | $869K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 739.55 | +0.074% | $10.6M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 739.21 | +0.028% | $21.5M | $28.6M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 739.39 | +0.052% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 739.13 | +0.017% | $3.4M | $20.6M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 739.62 | +0.083% | $16.4M | $5.1M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 740.01 | +0.136% | $2K | $1.6M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 739.18 | +0.024% | $422K | $128K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUALShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 739.90 | +0.121% | $250K | $38K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 739.73 | +0.098% | $361K | $1.6M | 10x | as long as short |
| Variational Omni QQQ | +0.0002% | 8h | 739.81 | +0.110% | $16.7M | $7.2M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0024% | 1h | 740.02 | +0.138% | $1.2M | $494K | 20x | as long as short |
| Binance QQQUSDT | +0.0028% | 8h | 739.52 | +0.070% | $70.0M | $140.3M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 739.21 | +0.028% | $7.6M | $15.3M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 739.60 | +0.081% | $37.5M | $79.9M | 50x | as long as short |
| Arcus QQQ-USDshort | +0.0040% | 1h | 738.57 | −0.059% | $645K | $1.7M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 740.41 | +0.190% | — | $337K | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 738.20 | −0.109% | $4.2M | $1.8M | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 739.24 | +0.032% | $3.4M | $388K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 739.43 | +0.058% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 739.40 | +0.054% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 738.87 | −0.018% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0156% | 8h | 740.07 | +0.144% | $314K | $2.0M | 10x | as long as short |
| Nado QQQ-PERPlong | +0.0160% | 1h | 739.00 | long leg | $1.6M | $744K | 20x | |
| edgeX QQQUSDC | +0.0237% | 4h | 739.81 | +0.109% | $756K | $337K | 20x | as long as short |
| Phoenix QQQ | +0.0248% | 1h | 739.37 | +0.050% | $38K | $65K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Lighter QQQ
Lighter RH QQQ
Vest QQQ-USD-PERP
Ondo Perps QQQ-USD.P
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
edgeX QQQUSDC
Phoenix QQQ