Funding you earn now, next payment 06:00 UTC−0.0129%/8h= −14.1% APRpaid last 24h −0.039%
Price spread now: Gate against Nado−0.046%7-day average +0.010% · 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−$36as in the Price arb table
costs, in and out, $10k−$310.309% of the position
Funding, last 3 days (all we have)−0.051%−$5 on $10k
+Price spread, last 7 days+0.105%+$11 · spread now −0.046%, 7d avg +0.010%
=Together, before fees+0.055%+ Points / potential airdropNado: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.055% cheaper against Nado than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.010%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado QQQ-PERP | 741.78 | 0.0129 | pay 0.0016% / 1h | 31m 29s | $1.5M | $764K | 20x |
| Short | Gate QQQ_USDT | 741.44 | 0 | get 0.0000% / 8h | 2h 31m | $3.3M | $21.3M | 50x |
Nado QQQ-PERP
Gate QQQ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$27.12
- Price spread: −0.046% → +0.010%
- −$5.54
- Slippage, 4 orders
- −$8.91
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$63.56
- Costs to cover
- 0.309%
- Break-even
- never at this rate
Slippage from Nado: live order book, 2 min ago; Gate: 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 Nado live order book, 2 min ago | 0.07 bp | 4.8 bp −$5 | 8.0 bp −$80 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 0.74 bp | 8.7 bp −$9 | 13.9 bp −$139 | 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 −0.0147% / S +0.0242% | 1h | 742.17 | +0.053% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.00 | +0.029% | $823K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 742.07 | +0.039% | $69.8M | $143.7M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.08 | +0.040% | $10.6M | $5.1M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.80 | +0.003% | $21.6M | $28.0M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.02 | +0.033% | $5.4M | $7.0M | 25x | as long as short |
| Gate QQQ_USDTshort | 0.0000% | 8h | 741.44 | −0.046% | $3.3M | $21.3M | 50x | |
| Bitget QQQUSDT | 0.0000% | 8h | 742.16 | +0.051% | $16.6M | $5.7M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 742.38 | +0.081% | $16.9M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.64 | +0.116% | $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
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 741.83 | +0.007% | $424K | $152K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.01 | +0.031% | $1.2M | $538K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.11 | +0.044% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.31 | +0.071% | $362K | $1.6M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0007% | 8h | 741.76 | −0.003% | $1.1M | $267K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.85 | +0.009% | $7.7M | $15.6M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.21 | +0.058% | $36.8M | $79.4M | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0034% | 1h | 741.10 | −0.092% | $4.2M | $1.8M | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.17 | −0.082% | $693K | $1.6M | 25x | as long as short |
| edgeX QQQUSDC | +0.0042% | 4h | 742.04 | +0.034% | $759K | $336K | 20x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.05 | +0.171% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0081% | 8h | 742.17 | +0.052% | $320K | $2.0M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.73 | −0.007% | $3.4M | $355K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.66 | −0.016% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.81 | +0.004% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.32 | −0.062% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERPlong | +0.0129% | 1h | 741.78 | long leg | $1.5M | $764K | 20x | |
| Phoenix QQQ | +0.0129% | 1h | 741.63 | −0.020% | $38K | $66K | 20x | as long as short |
Deribit QQQ_USDC-PERPETUAL
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Ondo Perps QQQ-USD.P
Arcus QQQ-USD
edgeX QQQUSDC
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ