QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0475%/8h= −52.0% APRnext payment −$0.59 per $10,000 · paid last 24h −0.094%

Price spread now: Ondo Perps against Nado−0.159%7-day average −0.184% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.051%−$5 on $10k

Price spread, last 7 days−0.057%−$6 · spread now −0.159%, 7d avg −0.184%

Together, before fees−0.108%+ Points / potential airdropNado: Active · Ondo Perps: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.025% dearer against Nado than usual: you sell high and buy low (spread −0.159% now, against its 7-day average of −0.184%): +$2 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 3 days (−0.051% in total) that is about 38 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.051% in total (about -5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.59 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado QQQ-PERP	743.56	0.0116	pay 0.0015% / 1h	52m 28s	$1.5M	$1.2M	20x
Short	Ondo Perps QQQ-USD.P	742.38	−0.0358	pay 0.0045% / 1h	52m 28s	$4.2M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.159%Rate

Funding earned: −$99.7
Price spread: −0.159% → −0.184%: $2.49
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$109.21
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 1 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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	4.8 bp −$5	8.2 bp −$82	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Ondo Perps QQQ-USD.Pshort	−0.0358%	1h	742.38	−0.159%	$4.2M	$2.0M	20x
GMX QQQ/USD [ETH-USDC]	L −0.0081% / S +0.0190%	1h	743.97	+0.054%	$25K	—	26x	as long as short
BloFin QQQ-USDT	−0.0022%	8h	743.81	+0.033%	$1.0M	$318K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	743.51	−0.007%	$841K	$757K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	743.83	+0.036%	$21.5M	$25.4M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	743.55	−0.002%	$3.1M	$26.2M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	744.43	+0.116%	$2K	$2.3M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	743.14	−0.057%	$257K	$28K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	744.36	+0.107%	$362K	$1.4M	10x	as long as short
Bybit QQQUSDT	+0.0018%	8h	744.11	+0.073%	$10.7M	$4.9M	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter QQQ	+0.0032%	1h	743.77	+0.028%	$7.6M	$18.1M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.08	+0.069%	$37.4M	$78.6M	50x	as long as short
Variational Omni QQQ	+0.0040%	8h	743.83	+0.036%	$17.1M	$10.8M	—	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.08	−0.065%	$746K	$1.5M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	744.54	+0.131%	—	$388K	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0064%	1h	743.51	−0.007%	$1.2M	$624K	20x	as long as short
Binance QQQUSDT	+0.0068%	8h	744.05	+0.065%	$71.0M	$155.5M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	743.66	+0.013%	$3.4M	$413K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	743.44	−0.017%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	743.64	+0.010%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.28	−0.039%	$93K	$1K	10x	as long as short
GRVT QQQ_USDT_Perp	+0.0116%	8h	743.95	+0.052%	$316K	$1.8M	10x	as long as short
Nado QQQ-PERPlong	+0.0116%	1h	743.56	long leg	$1.5M	$1.2M	20x
Bitget QQQUSDT	+0.0171%	8h	744.04	+0.064%	$16.9M	$6.6M	20x	as long as short
RISEx QQQ/USDC	+0.0208%	1h	743.94	+0.050%	$5.6M	$9.0M	25x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0221%	1h	743.75	+0.025%	$425K	$147K	20x	as long as short
Phoenix QQQ	+0.0258%	1h	743.43	−0.018%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0662%	4h	743.73	+0.023%	$760K	$335K	20x	as long as short