Funding you earn now, next payment 03:00 UTC−0.0134%/8h= −14.6% APRnext payment −$0.17 per $10,000 · paid last 24h +0.031%
Price spread now: Nado against Deribit−0.012%7-day average +0.031% · 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−$27as in the Price arb table
costs, in and out, $10k−$220.224% of the position
Funding, last 3 days (all we have)−0.077%−$8 on $10k
+Price spread, last 3 days (all we have)+0.031%+$3 · spread now −0.012%, 7d avg +0.031%
=Together, before fees−0.045%+ Points / potential airdropNado: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Nado is 0.043% cheaper against Deribit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.031%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit QQQ_USDC-PERPETUAL | 744.13 | 0.0247 | pay 0.0031% / 1h | 49m 46s | $425K | $149K | 20x |
| Short | Nado QQQ-PERP | 744.04 | 0.0114 | get 0.0014% / 1h | 49m 46s | $1.5M | $923K | 20x |
Deribit QQQ_USDC-PERPETUAL
Nado QQQ-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Deribit. 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
- −$28.06
- Price spread: −0.012% → +0.031%
- −$4.34
- Slippage, 4 orders
- −$8.4
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$54.8
- Costs to cover
- 0.224%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 14 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 Deribit live order book, 14 min ago | 0.07 bp | 3.6 bp −$4 | 3.6 bp −$36 | doesn't fit | doesn't fit |
| Sell Nado live order book, 4 min ago | 0.07 bp | 4.9 bp −$5 | 8.1 bp −$81 | 88.6 bp −$8,864 | doesn't fit |
QQQ on 27 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 −0.0106% / S +0.0210% | 1h | 744.30 | +0.024% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.30 | +0.023% | $841K | $713K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.34 | +0.028% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.26 | +0.017% | $21.7M | $26.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.34 | +0.028% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.95 | −0.024% | $3.3M | $20.5M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.46 | +0.044% | $16.9M | $5.8M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.75 | +0.083% | $2K | $2.0M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.68 | +0.074% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.62 | +0.066% | $361K | $1.4M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX QQQUSDC | +0.0005% | 4h | 744.28 | +0.021% | $761K | $334K | 20x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0010% | 1h | 743.42 | −0.095% | $4.2M | $1.9M | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.05 | −0.011% | $7.7M | $17.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.46 | +0.044% | $37.3M | $78.4M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 743.88 | −0.034% | $1.2M | $532K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.45 | −0.091% | $705K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.25 | +0.151% | — | $337K | 50x | as long as short |
| Variational Omni QQQ | +0.0049% | 8h | 744.19 | +0.008% | $17.1M | $7.5M | — | as long as short |
| Binance QQQUSDT | +0.0074% | 8h | 744.27 | +0.018% | $71.2M | $144.5M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.02 | −0.015% | $3.4M | $414K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.99 | −0.019% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.96 | −0.023% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.49 | −0.086% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERPshort | +0.0114% | 1h | 744.04 | −0.012% | $1.5M | $923K | 20x | |
| Phoenix QQQ | +0.0161% | 1h | 743.99 | −0.019% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0169% | 8h | 744.51 | +0.051% | $322K | $1.9M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUALlong | +0.0247% | 1h | 744.13 | long leg | $425K | $149K | 20x |
edgeX QQQUSDC
Ondo Perps QQQ-USD.P
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
GRVT QQQ_USDT_Perp