Funding you earn now, next payment 01:00 UTC+0.0109%/8h= +12.0% APRpaid last 24h +0.046%
Price spread now: Nado against Phemex−0.078%7-day average −0.060% · 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−$75as in the Price arb table
costs, in and out, $10k−$730.732% of the position
Funding, last 3 days (all we have)+0.032%+$3 on $10k
+Price spread, last 3 days (all we have)−0.019%−$2 · spread now −0.078%, 7d avg −0.060%
=Together, before fees+0.012%+ Points / potential airdropNado: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.060%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex QQQUSDT | 744.24 | 0 | get 0.0000% / 8h | 7h 49m | $360K | $1.4M | 10x |
| Short | Nado QQQ-PERP | 743.66 | 0.0109 | get 0.0014% / 1h | 49m 58s | $1.5M | $1.2M | 20x |
Phemex QQQUSDT
Nado QQQ-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Phemex. 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
- $22.97
- Price spread: −0.078% → −0.060%
- −$1.85
- Slippage, 4 orders
- −$54.2
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$52.08
- Costs to cover
- 0.732%
- Break-even
- 22.9 days
Slippage from Phemex: live order book, 3 min ago; Nado: live order book, 4 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 Phemex live order book, 3 min ago | 2.29 bp | 31.6 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 4 min ago | 0.07 bp | 5.1 bp −$5 | 9.3 bp −$93 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0367% | 1h | 742.38 | −0.250% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0082% / S +0.0190% | 1h | 744.16 | −0.010% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0029% | 8h | 743.81 | −0.058% | $1.0M | $318K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.68 | −0.075% | $841K | $758K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.17 | −0.009% | $21.5M | $25.4M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.84 | −0.054% | $3.2M | $26.5M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.60 | +0.048% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.15 | −0.146% | $257K | $28K | 30x | as long as short |
| Phemex QQQUSDTlong | 0.0000% | 8h | 744.24 | long leg | $360K | $1.4M | 10x | |
| Bybit QQQUSDT | +0.0022% | 8h | 744.38 | +0.019% | $10.7M | $4.9M | 50x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Bybit QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 743.95 | −0.039% | $7.6M | $18.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.31 | +0.009% | $37.4M | $78.7M | 50x | as long as short |
| Variational Omni QQQ | +0.0039% | 8h | 743.94 | −0.040% | $17.1M | $10.8M | — | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.15 | −0.146% | $746K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.61 | +0.050% | — | $388K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 743.52 | −0.097% | $1.2M | $626K | 20x | as long as short |
| Binance QQQUSDT | +0.0068% | 8h | 744.29 | +0.007% | $71.0M | $155.0M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.83 | −0.055% | $3.4M | $413K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.50 | −0.099% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.84 | −0.054% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.36 | −0.119% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERPshort | +0.0109% | 1h | 743.66 | −0.078% | $1.5M | $1.2M | 20x | |
| Deribit QQQ_USDC-PERPETUAL | +0.0140% | 1h | 743.93 | −0.042% | $425K | $147K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0165% | 8h | 744.03 | −0.028% | $327K | $1.8M | 10x | as long as short |
| Bitget QQQUSDT | +0.0173% | 8h | 744.27 | +0.004% | $16.9M | $6.6M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.10 | −0.019% | $5.5M | $9.0M | 25x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 743.65 | −0.079% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0496% | 4h | 743.85 | −0.052% | $761K | $336K | 20x | as long as short |
Lighter QQQ
Lighter RH QQQ
Variational Omni QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
Bitget QQQUSDT
RISEx QQQ/USDC
Phoenix QQQ
edgeX QQQUSDC