Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.4% APRpaid last 24h +0.029%
Price spread now: Nado against Variational Omni−0.052%7-day average −0.015% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.007%+$1 on $10k
+Price spread, last 7 days+0.040%+$4 · spread now −0.052%, 7d avg −0.015%
=Together, before fees+0.047%+ Points / potential airdropVariational Omni: Active · Nado: Active · farm board+$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.037% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of −0.015%). If the spread goes back, that is −$4 on $10k: about 44 hours of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.007% in total) that is about 17 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni QQQ | 743.83 | 0.0040 | pay 0.0040% / 8h | 7h 54m | $17.1M | $10.8M | — |
| Short | Nado QQQ-PERP | 743.45 | 0.0107 | get 0.0013% / 1h | 54m 17s | $1.5M | $1.2M | 20x |
Variational Omni QQQ
Nado QQQ-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Variational Omni. 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
- $14.1
- Price spread: −0.052% → −0.015%
- −$3.69
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $3.41
- Costs to cover
- 0.070%
- Break-even
- 5.3 days
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Nado: live order book, 4 min ago. 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 Variational Omni RFQ quote, 5 min ago | 1.90 bp | doesn't fit | 2.7 bp −$27 | 12.5 bp −$1,253 | doesn't fit |
| Sell Nado live order book, 4 min ago | 0.07 bp | 5.2 bp −$5 | 8.7 bp −$87 | 98.3 bp −$9,829 | 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 | −0.0350% | 1h | 742.30 | −0.206% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0081% / S +0.0190% | 1h | 743.97 | +0.018% | $25K | — | 26x | as long as short |
| Gate QQQ_USDT | −0.0028% | 8h | 743.34 | −0.066% | $3.1M | $26.1M | 50x | as long as short |
| BloFin QQQ-USDT | −0.0018% | 8h | 743.81 | −0.003% | $1.0M | $318K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.51 | −0.043% | $841K | $757K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.77 | −0.009% | $21.5M | $25.4M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.43 | +0.080% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.14 | −0.093% | $257K | $28K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.97 | +0.018% | $363K | $1.4M | 10x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.77 | −0.009% | $7.6M | $18.1M | 30x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Gate QQQ_USDT
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Lighter QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH QQQ | +0.0032% | 1h | 744.06 | +0.030% | $37.4M | $78.6M | 50x | as long as short |
| Variational Omni QQQlong | +0.0040% | 8h | 743.83 | long leg | $17.1M | $10.8M | — | |
| Arcus QQQ-USD | +0.0040% | 1h | 742.99 | −0.114% | $747K | $1.5M | 25x | as long as short |
| Bybit QQQUSDT | +0.0041% | 8h | 744.06 | +0.030% | $10.7M | $4.8M | 50x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.49 | +0.088% | — | $388K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 743.51 | −0.044% | $1.2M | $626K | 20x | as long as short |
| Binance QQQUSDT | +0.0068% | 8h | 743.96 | +0.017% | $70.9M | $156.3M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.54 | −0.040% | $3.4M | $413K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.44 | −0.053% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.64 | −0.026% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.32 | −0.069% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERPshort | +0.0107% | 1h | 743.45 | −0.052% | $1.5M | $1.2M | 20x | |
| GRVT QQQ_USDT_Perp | +0.0116% | 8h | 743.95 | +0.015% | $316K | $1.8M | 10x | as long as short |
| Bitget QQQUSDT | +0.0170% | 8h | 743.95 | +0.016% | $16.9M | $6.6M | 20x | as long as short |
| Phoenix QQQ | +0.0194% | 1h | 743.43 | −0.054% | $38K | $66K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 743.89 | +0.008% | $5.6M | $9.0M | 25x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0275% | 1h | 743.94 | +0.014% | $425K | $147K | 20x | as long as short |
| edgeX QQQUSDC | +0.0662% | 4h | 743.73 | −0.014% | $760K | $335K | 20x | as long as short |
Lighter RH QQQ
Arcus QQQ-USD
Bybit QQQUSDT
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Bitget QQQUSDT
Phoenix QQQ
RISEx QQQ/USDC
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC