QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.03 per $10,000 · paid last 24h −0.028%

Price spread now: Phoenix against Nado−0.057%7-day average — · you buy dearer than you sell

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

Long on Nado Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. Phoenix is 0.057% cheaper against Nado than usual: you would sell low and buy high (spread −0.057% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 8.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado QQQ-PERP	743.51	0.0095	pay 0.0012% / 1h	47m 04s	$1.5M	$782K	20x
Short	Phoenix QQQ	743.09	0.0118	get 0.0015% / 1h	47m 04s	$38K	$66K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.057%Rate

Funding earned: $4.81
Price spread: −0.057% → 0.000%: −$5.71
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$14.9
Costs to cover: 0.140%
Break-even: 28.7 days

Slippage unknown: Nado: live order book, 1 min ago; Phoenix: 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	5.3 bp −$5	8.5 bp −$85	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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
GMX QQQ/USD [ETH-USDC]	L −0.0132% / S +0.0230%	1h	743.74	+0.030%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0027%	1h	742.29	−0.165%	$4.2M	$1.8M	20x	as long as short
BloFin QQQ-USDT	−0.0007%	8h	743.60	+0.012%	$1.1M	$256K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	743.81	+0.040%	$841K	$714K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	743.81	+0.040%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	743.49	−0.003%	$21.5M	$26.9M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	743.23	−0.038%	$3.3M	$20.7M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	743.92	+0.055%	$16.9M	$5.5M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	743.43	−0.011%	$17.1M	$7.4M	—	as long as short
SunX QQQ-USDT	0.0000%	8h	744.19	+0.091%	$2K	$1.9M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International QQQ-PERP-INTX	0.0000%	1h	742.64	−0.118%	$1.2M	$536K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	743.53	+0.002%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	744.16	+0.087%	$360K	$1.6M	10x	as long as short
RISEx QQQ/USDC	+0.0010%	1h	743.89	+0.051%	$5.4M	$7.3M	25x	as long as short
Binance QQQUSDT	+0.0012%	8h	743.73	+0.029%	$70.9M	$141.3M	25x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0019%	1h	743.52	+0.001%	$425K	$150K	20x	as long as short
Lighter QQQ	+0.0032%	1h	743.57	+0.007%	$7.7M	$15.8M	30x	as long as short
Arcus QQQ-USD	+0.0040%	1h	742.88	−0.085%	$704K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	744.71	+0.161%	—	$337K	50x	as long as short
Lighter RH QQQ	+0.0048%	1h	744.03	+0.069%	$37.0M	$78.1M	50x	as long as short
GRVT QQQ_USDT_Perp	+0.0079%	8h	743.34	−0.023%	$326K	$1.9M	10x	as long as short
Nado QQQ-PERPlong	+0.0095%	1h	743.51	long leg	$1.5M	$782K	20x
KuCoin QQQUSDTM	+0.0100%	8h	743.37	−0.019%	$3.4M	$342K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.82	−0.093%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	743.52	+0.001%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.00	−0.069%	$92K	$1K	10x	as long as short
Phoenix QQQshort	+0.0118%	1h	743.09	−0.057%	$38K	$66K	20x
edgeX QQQUSDC	+0.0649%	4h	743.23	−0.038%	$760K	$335K	20x	as long as short