Funding you earn now, next payment 02:00 UTC−0.0119%/8h= −13.0% APRpaid last 24h −0.039%
Price spread now: Aster against Nado+0.034%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$200.199% of the position
Funding, last 3 days (all we have)−0.030%−$3 on $10k
+Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.034%, 7d avg +0.011%
=Together, before fees−0.116%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.023% dearer against Nado than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of +0.011%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 3 days (−0.030% in total) that is about 2.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado QQQ-PERP | 743.91 | 0.0120 | pay 0.0015% / 1h | 59m 51s | $1.5M | $934K | 20x |
| Short | Aster QQQUSDT | 744.16 | 0.0001 | get 0.0001% / 8h | 5h 59m | $841K | $713K | 20x |
Nado QQQ-PERP
Aster QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- −$24.91
- Price spread: +0.034% → +0.011%
- $2.25
- Slippage, 4 orders
- −$4.94
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$42.61
- Costs to cover
- 0.199%
- Break-even
- never at this rate
Slippage from Nado: live order book, 4 min ago; Aster: 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 Nado live order book, 4 min ago | 0.07 bp | 4.9 bp −$5 | 8.3 bp −$83 | doesn't fit | doesn't fit |
| Sell Aster live order book, 3 min ago | 0.81 bp | 4.8 bp −$5 | 6.2 bp −$62 | 25.9 bp −$2,585 | doesn't fit |
QQQ on 27 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 −0.0104% / S +0.0208% | 1h | 744.24 | +0.044% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0062% | 1h | 743.21 | −0.094% | $4.2M | $1.9M | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.15 | +0.033% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.08 | +0.023% | $21.7M | $26.3M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.90 | −0.001% | $3.3M | $24.2M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.46 | +0.074% | $16.9M | $5.8M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.70 | +0.107% | $2K | $2.0M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.65 | +0.100% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.48 | +0.077% | $357K | $1.4M | 10x | as long as short |
| Aster QQQUSDTshort | +0.0001% | 8h | 744.16 | +0.034% | $841K | $713K | 20x |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 743.95 | +0.006% | $7.7M | $17.8M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.41 | +0.068% | $37.4M | $80.7M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.44 | −0.063% | $705K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.20 | +0.174% | — | $337K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0048% | 1h | 743.88 | −0.004% | $1.2M | $534K | 20x | as long as short |
| Variational Omni QQQ | +0.0053% | 8h | 744.24 | +0.045% | $17.1M | $7.6M | — | as long as short |
| Binance QQQUSDT | +0.0078% | 8h | 744.11 | +0.028% | $71.1M | $145.3M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.90 | −0.001% | $3.4M | $412K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.92 | +0.002% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.95 | +0.006% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.48 | −0.057% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERPlong | +0.0120% | 1h | 743.91 | long leg | $1.5M | $934K | 20x | |
| RISEx QQQ/USDC | +0.0168% | 1h | 744.33 | +0.057% | $5.4M | $8.0M | 25x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0179% | 8h | 744.41 | +0.068% | $322K | $1.9M | 10x | as long as short |
| Phoenix QQQ | +0.0183% | 1h | 743.99 | +0.011% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0207% | 1h | 744.03 | +0.017% | $425K | $149K | 20x | as long as short |
| edgeX QQQUSDC | +0.0692% | 4h | 744.23 | +0.044% | $761K | $335K | 20x | as long as short |
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
RISEx QQQ/USDC
GRVT QQQ_USDT_Perp
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC