Funding you earn now, next payment 05:00 UTC+0.0062%/8h= +6.7% APRnext payment +$0.08 per $10,000 · paid last 24h +0.030%
Price spread now: Nado against Arcus+0.050%52s7-day average +0.127% · 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—prices read too far apart to compare
costs, in and out, $10k−$210.213% of the position
Funding, last 3 days (all we have)+0.016%+$2 on $10k
+Price spread, last 7 days+0.027%+$3 · spread now +0.050%, 7d avg +0.127%
=Together, before fees+0.042%+ Points / potential airdropNado: Active · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.077% cheaper against Arcus than usual: you would sell low and buy high (spread +0.050% now, against its 7-day average of +0.127%). If the spread goes back, that is −$8 on $10k: about 4.1 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.016% in total) that is about 17 days. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus QQQ-USD | 742.03 | 0.0040 | pay 0.0005% / 1h | 5m 34s | $704K | $1.6M | 25x |
| Short | Nado QQQ-PERP | 742.40 | 0.0102 | get 0.0013% / 1h | 5m 34s | $1.5M | $763K | 20x |
Arcus QQQ-USD
Nado QQQ-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Arcus. 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
- $12.93
- Price spread: +0.050% → +0.127%
- −$7.66
- Slippage, 4 orders
- −$9.8
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$16.03
- Costs to cover
- 0.213%
- Break-even
- 15.7 days
Slippage from Arcus: live order book, 3 min ago; Nado: live order book, 3 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 Arcus live order book, 3 min ago | 1.08 bp | 4.9 bp −$5 | 7.7 bp −$77 | 26.4 bp −$2,638 | doesn't fit |
| Sell Nado live order book, 3 min ago | 0.14 bp | 5.5 bp −$5 | 9.5 bp −$95 | 84.9 bp −$8,494 | 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 −0.0140% / S +0.0236% | 1h | 742.88 | +0.115% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0010% | 1h | 741.70 | −0.044% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0003% | 8h | 742.86 | +0.112% | $1.1M | $246K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.78 | +0.100% | $824K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 742.83 | +0.108% | $70.1M | $143.7M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.82 | +0.106% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.69 | +0.089% | $21.6M | $27.4M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.18 | +0.020% | $3.3M | $21.3M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.94 | +0.123% | $16.7M | $5.6M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 742.76 | +0.098% | $17.1M | $7.2M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 743.36 | +0.179% | $2K | $1.9M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 742.45 | +0.057% | $424K | $151K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.27 | +0.032% | $1.2M | $538K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.01 | +0.132% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.14 | +0.150% | $360K | $1.6M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0010% | 1h | 742.84 | +0.109% | $5.4M | $7.3M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.67 | +0.086% | $7.7M | $15.9M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.02 | +0.133% | $36.9M | $79.5M | 50x | as long as short |
| Arcus QQQ-USDlong | +0.0040% | 1h | 742.03 | long leg | $704K | $1.6M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.75 | +0.232% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0072% | 8h | 742.95 | +0.124% | $320K | $1.9M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.48 | +0.061% | $3.4M | $343K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.36 | +0.044% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.58 | +0.074% | $12K | $21K | 20x | as long as short |
| Nado QQQ-PERPshort | +0.0102% | 1h | 742.40 | +0.050% | $1.5M | $763K | 20x | |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.06 | +0.004% | $92K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 742.42 | +0.053% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0178% | 4h | 742.80 | +0.104% | $759K | $334K | 20x | as long as short |
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUAL
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
RISEx QQQ/USDC
Lighter QQQ
Lighter RH QQQ
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC