Funding you earn now, next payment 23:00 UTC−0.0170%/8h= −18.6% APRpaid last 24h −0.048%
Price spread now: Phemex against Nado+0.091%7-day average +0.059% · 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−$67as in the Price arb table
costs, in and out, $10k−$710.706% of the position
Funding, last 3 days (all we have)−0.030%−$3 on $10k
+Price spread, last 3 days (all we have)+0.019%+$2 · spread now +0.091%, 7d avg +0.059%
=Together, before fees−0.010%+ Points / potential airdropNado: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.032% dearer against Nado than usual: you sell high and buy low (spread +0.091% now, against its 7-day average of +0.059%): +$3 on $10k if it goes back. Holding the pair costs −$5 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 3.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado QQQ-PERP | 741.96 | 0.0170 | pay 0.0021% / 1h | 45m 29s | $1.5M | $1.3M | 20x |
| Short | Phemex QQQUSDT | 742.64 | 0 | get 0.0000% / 8h | 1h 45m | $360K | $1.4M | 10x |
Nado QQQ-PERP
Phemex QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$35.7
- Price spread: +0.091% → +0.059%
- $3.24
- Slippage, 4 orders
- −$51.55
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$103.02
- Costs to cover
- 0.706%
- Break-even
- never at this rate
Slippage from Nado: live order book, 3 min ago; Phemex: 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, 3 min ago | 0.07 bp | 4.8 bp −$5 | 7.3 bp −$73 | 54.3 bp −$5,435 | doesn't fit |
| Sell Phemex live order book, 2 min ago | 3.30 bp | 30.3 bp −$30 | doesn't fit | 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 −0.0066% / S +0.0178% | 1h | 742.21 | +0.033% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0026% | 1h | 741.14 | −0.111% | $4.2M | $2.2M | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.29 | +0.044% | $21.5M | $28.2M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.06 | +0.013% | $3.1M | $32.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.60 | +0.086% | $1K | $2.4M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 741.83 | −0.018% | $424K | $305K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.43 | +0.063% | $256K | $32K | 30x | as long as short |
| Phemex QQQUSDTshort | 0.0000% | 8h | 742.64 | +0.091% | $360K | $1.4M | 10x | |
| Aster QQQUSDT | +0.0005% | 8h | 742.10 | +0.018% | $840K | $780K | 20x | as long as short |
| BloFin QQQ-USDT | +0.0006% | 8h | 742.00 | +0.005% | $1.0M | $483K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDT
Aster QQQUSDT
BloFin QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 742.28 | +0.043% | $7.8M | $21.5M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.73 | +0.104% | $37.7M | $81.1M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.63 | −0.045% | $737K | $1.4M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.89 | +0.125% | — | $621K | 50x | as long as short |
| Variational Omni QQQ | +0.0064% | 8h | 742.23 | +0.036% | $17.2M | $10.1M | — | as long as short |
| Binance QQQUSDT | +0.0084% | 8h | 742.41 | +0.061% | $69.6M | $162.3M | 25x | as long as short |
| Bybit QQQUSDT | +0.0086% | 8h | 742.52 | +0.075% | $10.7M | $5.4M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0088% | 1h | 741.84 | −0.016% | $1.2M | $874K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.81 | −0.020% | $3.4M | $440K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.85 | −0.015% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.19 | −0.104% | $7K | $16K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.48 | −0.065% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERPlong | +0.0170% | 1h | 741.96 | long leg | $1.5M | $1.3M | 20x | |
| GRVT QQQ_USDT_Perp | +0.0183% | 8h | 742.37 | +0.055% | $317K | $1.8M | 10x | as long as short |
| Bitget QQQUSDT | +0.0218% | 8h | 742.45 | +0.066% | $16.7M | $7.2M | 20x | as long as short |
| edgeX QQQUSDC | +0.0249% | 4h | 742.19 | +0.031% | $759K | $337K | 20x | as long as short |
| Phoenix QQQ | +0.0259% | 1h | 741.88 | −0.011% | $38K | $73K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0315% | 1h | 742.57 | +0.082% | $5.4M | $9.3M | 25x | as long as short |
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Binance QQQUSDT
Bybit QQQUSDT
Coinbase International QQQ-PERP-INTX
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Bitget QQQUSDT
edgeX QQQUSDC
Phoenix QQQ
RISEx QQQ/USDC