QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0125%/8h= −13.7% APRnext payment −$0.16 per $10,000 · paid last 24h −0.031%

Price spread now: Coinbase International against Nado+0.006%7-day average −0.036% · 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−$220.222% of the position

Long on Nado Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.053%+$5 on $10k

Price spread, last 4 days (all we have)+0.171%+$17 · spread now +0.006%, 7d avg −0.036%

Together, before fees+0.223%+ Points / potential airdropNado: Active · farm board+$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.043% dearer against Nado than usual: you sell high and buy low (spread +0.006% now, against its 7-day average of −0.036%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 27 hours. Mind the row above: over the last 4 days funding on this pair paid +0.053%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado QQQ-PERP	740.16	0.0149	pay 0.0019% / 1h	42m 55s	$1.6M	$742K	20x
Short	Coinbase International QQQ-PERP-INTX	740.21	0.0024	get 0.0003% / 1h	42m 55s	$1.2M	$491K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee NadobpFee Coinbase InternationalbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$26.23
Price spread: +0.006% → −0.036%: $4.26
Slippage, 4 orders: −$5.15
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$44.12
Costs to cover: 0.222%
Break-even: never at this rate

Slippage from Nado: live order book, 1 min ago; Coinbase International: 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, 1 min ago	0.07 bp	5.8 bp −$6	8.9 bp −$89	55.1 bp −$5,514	doesn't fit
Sell Coinbase International live order book, 1 min ago	0.07 bp	5.1 bp −$5	7.2 bp −$72	40.1 bp −$4,006	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 −0.0182% / S +0.0269%	1h	740.72	+0.075%	$25K	—	26x	as long as short
Aster QQQUSDT	0.0000%	8h	740.53	+0.050%	$823K	$865K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	740.55	+0.052%	$10.7M	$4.9M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	740.40	+0.032%	$21.6M	$28.2M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	740.47	+0.041%	$5.4M	$5.7M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	740.16	0.000%	$3.4M	$20.6M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	740.61	+0.060%	$16.5M	$5.2M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	740.75	+0.080%	$16.8M	$7.2M	—	as long as short
SunX QQQ-USDT	0.0000%	8h	741.11	+0.128%	$2K	$1.7M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	740.77	+0.082%	$250K	$41K	30x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex QQQUSDT	0.0000%	8h	740.84	+0.091%	$362K	$1.6M	10x	as long as short
BloFin QQQ-USDT	+0.0005%	8h	740.57	+0.055%	$1.1M	$274K	20x	as long as short
Coinbase International QQQ-PERP-INTXshort	+0.0024%	1h	740.21	+0.006%	$1.2M	$491K	20x
Binance QQQUSDT	+0.0030%	8h	740.55	+0.052%	$70.1M	$139.8M	25x	as long as short
Lighter QQQ	+0.0032%	1h	740.38	+0.029%	$7.7M	$15.1M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	740.71	+0.074%	$37.5M	$79.2M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	739.80	−0.049%	$646K	$1.7M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	741.55	+0.187%	—	$337K	50x	as long as short
Ondo Perps QQQ-USD.P	+0.0050%	1h	739.76	−0.054%	$4.2M	$1.8M	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	740.15	−0.002%	$3.4M	$375K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	740.49	+0.044%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	740.43	+0.036%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	739.88	−0.038%	$92K	$1K	10x	as long as short
Nado QQQ-PERPlong	+0.0149%	1h	740.16	long leg	$1.6M	$742K	20x
Deribit QQQ_USDC-PERPETUAL	+0.0169%	1h	740.39	+0.031%	$423K	$157K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0191%	8h	741.11	+0.128%	$326K	$2.0M	10x	as long as short
Phoenix QQQ	+0.0248%	1h	740.42	+0.035%	$38K	$65K	20x	as long as short
edgeX QQQUSDC	+0.0762%	4h	740.81	+0.087%	$757K	$337K	20x	as long as short