Funding you earn now, next payment 11:00 UTC−0.0108%/8h= −11.8% APRnext payment −$0.13 per $10,000 · paid last 24h −0.021%
Price spread now: Deribit against Nado+0.002%46s7-day average −0.027% · 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—prices read too far apart to compare
costs, in and out, $10k−$210.212% of the position
Funding, last 4 days (all we have)+0.067%+$7 on $10k
+Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.002%, 7d avg −0.027%
=Together, before fees+0.069%+ Points / potential airdropNado: Active · farm board+$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Deribit is 0.029% dearer against Nado than usual: you sell high and buy low (spread +0.002% now, against its 7-day average of −0.027%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 22 hours. Mind the row above: over the last 4 days funding on this pair paid +0.067%, so the current rate has only just turned against you. The two prices were read 46 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 | Nado QQQ-PERP | 743.16 | 0.0127 | pay 0.0016% / 1h | 50m 31s | $1.6M | $767K | 20x |
| Short | Deribit QQQ_USDC-PERPETUAL | 743.17 | 0.0019 | get 0.0002% / 1h | 50m 31s | $399K | $148K | 20x |
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$22.65
- Price spread: +0.002% → −0.027%
- $2.91
- Slippage, 4 orders
- −$7.16
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$40.9
- Costs to cover
- 0.212%
- Break-even
- never at this rate
Slippage from Nado: live order book, 1 min ago; Deribit: live order book, 61 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 | 6.0 bp −$6 | 14.3 bp −$143 | 59.4 bp −$5,935 | doesn't fit |
| Sell Deribit live order book, 61 min ago | 0.07 bp | 4.9 bp −$5 | 7.5 bp −$75 | doesn't fit | doesn't fit |
QQQ on 28 exchanges
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 −0.0203% / S +0.0285% | 1h | 743.53 | +0.051% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0078% | 1h | 741.71 | −0.195% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0018% | 8h | 743.10 | −0.008% | $1.1M | $236K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.43 | +0.037% | $857K | $903K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.42 | +0.035% | $21.8M | $30.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 743.31 | +0.021% | $5.5M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.04 | −0.016% | $3.5M | $19.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.80 | +0.087% | $17.1M | $5.9M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.09 | +0.126% | $2K | $1.5M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.94 | +0.105% | $251K | $38K | 30x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 743.88 | +0.097% | $361K | $1.6M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUALshort | +0.0019% | 1h | 743.17 | +0.002% | $399K | $148K | 20x | |
| Lighter QQQ | +0.0032% | 1h | 743.09 | −0.009% | $7.4M | $15.5M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.73 | +0.077% | $38.6M | $76.5M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 742.87 | −0.039% | $1.2M | $541K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.51 | −0.087% | $660K | $1.4M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.44 | +0.173% | — | $337K | 50x | as long as short |
| Variational Omni QQQ | +0.0048% | 8h | 743.46 | +0.040% | $16.8M | $6.9M | — | as long as short |
| Bybit QQQUSDT | +0.0069% | 8h | 743.48 | +0.043% | $10.5M | $4.9M | 50x | as long as short |
| Binance QQQUSDT | +0.0074% | 8h | 743.66 | +0.067% | $71.5M | $145.9M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.13 | −0.004% | $3.4M | $465K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.84 | −0.043% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.22 | +0.009% | $12K | $21K | 20x | as long as short |
| edgeX QQQUSDC | +0.0103% | 4h | 743.29 | +0.017% | $760K | $335K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.72 | −0.059% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERPlong | +0.0127% | 1h | 743.16 | long leg | $1.6M | $767K | 20x | |
| GRVT QQQ_USDT_Perp | +0.0242% | 8h | 743.66 | +0.067% | $321K | $2.1M | 10x | as long as short |
| Phoenix QQQ | +0.0302% | 1h | 742.90 | −0.035% | $38K | $59K | 20x | as long as short |
Phemex QQQUSDT
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Bybit QQQUSDT
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
edgeX QQQUSDC
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ