Funding you earn now, next payment 01:00 UTC+0.0073%/8h= +8.0% APRnext payment +$0.09 per $10,000 · paid last 24h +0.032%
Price spread now: Nado against Coinbase International−0.042%7-day average +0.037% · 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−$29as in the Price arb table
costs, in and out, $10k−$210.215% of the position
Funding, last 3 days (all we have)−0.061%−$6 on $10k
+Price spread, last 3 days (all we have)−0.007%−$1 · spread now −0.042%, 7d avg +0.037%
=Together, before fees−0.068%+ Points / potential airdropNado: Active · farm board−$7 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.079% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of +0.037%). If the spread goes back, that is −$8 on $10k: about 3.6 days of funding at the current rate (+$2 a day). Mind the row above: over the last 3 days funding on this pair cost −0.061%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International QQQ-PERP-INTX | 744.05 | 0.0048 | pay 0.0006% / 1h | 37m 48s | $1.2M | $538K | 20x |
| Short | Nado QQQ-PERP | 743.74 | 0.0121 | get 0.0015% / 1h | 37m 48s | $1.5M | $1.0M | 20x |
Coinbase International QQQ-PERP-INTX
Nado QQQ-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Coinbase International. 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
- $15.25
- Price spread: −0.042% → +0.037%
- −$7.93
- Slippage, 4 orders
- −$4.47
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$14.15
- Costs to cover
- 0.215%
- Break-even
- 13.5 days
Slippage from Coinbase International: live order book, 1 min ago; Nado: live order book, 1 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 Coinbase International live order book, 1 min ago | 0.07 bp | 6.5 bp −$7 | 8.4 bp −$84 | 36.4 bp −$3,643 | doesn't fit |
| Sell Nado live order book, 1 min ago | 0.07 bp | 5.0 bp −$5 | 8.7 bp −$87 | 86.5 bp −$8,654 | 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 | −0.0172% | 1h | 743.00 | −0.141% | $4.2M | $1.9M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0096% / S +0.0202% | 1h | 744.12 | +0.009% | $25K | — | 26x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.07 | +0.003% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.95 | −0.013% | $21.5M | $25.5M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.86 | −0.026% | $3.2M | $21.5M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.57 | +0.070% | $2K | $2.1M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.32 | +0.036% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.38 | +0.044% | $359K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0011% | 8h | 744.19 | +0.018% | $841K | $712K | 20x | as long as short |
| BloFin QQQ-USDT | +0.0026% | 8h | 744.31 | +0.035% | $1.1M | $319K | 20x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
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 | 743.91 | −0.019% | $7.7M | $17.7M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.34 | +0.039% | $37.4M | $79.6M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.18 | −0.117% | $703K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.08 | +0.138% | — | $356K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTXlong | +0.0048% | 1h | 744.05 | long leg | $1.2M | $538K | 20x | |
| Variational Omni QQQ | +0.0065% | 8h | 744.04 | −0.001% | $17.1M | $7.6M | — | as long as short |
| Bitget QQQUSDT | +0.0078% | 8h | 744.15 | +0.013% | $16.9M | $5.9M | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0086% | 1h | 743.91 | −0.019% | $425K | $148K | 20x | as long as short |
| Binance QQQUSDT | +0.0087% | 8h | 744.16 | +0.015% | $71.1M | $147.6M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.89 | −0.022% | $3.4M | $406K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.76 | −0.039% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.87 | −0.024% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.34 | −0.095% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERPshort | +0.0121% | 1h | 743.74 | −0.042% | $1.5M | $1.0M | 20x | |
| RISEx QQQ/USDC | +0.0168% | 1h | 744.10 | +0.006% | $5.4M | $8.2M | 25x | as long as short |
| Phoenix QQQ | +0.0183% | 1h | 743.78 | −0.036% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0241% | 8h | 744.31 | +0.035% | $318K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0480% | 4h | 744.13 | +0.011% | $761K | $333K | 20x | as long as short |
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Bitget QQQUSDT
Deribit QQQ_USDC-PERPETUAL
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC