Funding you earn now, next payment 08:00 UTC+0.0082%/8h= +9.0% APRnext payment +$0.10 per $10,000 · paid last 24h +0.019%
Price spread now: Nado against Lighter−0.033%7-day average +0.055% · 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−$22as in the Price arb table
costs, in and out, $10k−$130.128% of the position
Funding, last 4 days (all we have)−0.013%−$1 on $10k
+Price spread, last 7 days+0.155%+$16 · spread now −0.033%, 7d avg +0.055%
=Together, before fees+0.142%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board+$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.088% cheaper against Lighter than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.055%). If the spread goes back, that is −$9 on $10k: about 3.6 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter QQQ | 741.59 | 0.0032 | pay 0.0004% / 1h | 57m 29s | $7.7M | $15.2M | 30x |
| Short | Nado QQQ-PERP | 741.35 | 0.0114 | get 0.0014% / 1h | 57m 29s | $1.6M | $762K | 20x |
Lighter QQQ
Nado QQQ-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Lighter. 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
- $17.27
- Price spread: −0.033% → +0.055%
- −$8.82
- Slippage, 4 orders
- −$5.79
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$4.33
- Costs to cover
- 0.128%
- Break-even
- 8.8 days
Slippage from Lighter: live order book, 6 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 Lighter live order book, 6 min ago | 0.61 bp | 0.7 bp −$1 | 1.8 bp −$18 | 12.5 bp −$1,255 | 48.8 bp −$24.4K |
| Sell Nado live order book, 1 min ago | 0.07 bp | 4.8 bp −$5 | 7.4 bp −$74 | 86.0 bp −$8,603 | 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 −0.0167% / S +0.0257% | 1h | 741.82 | +0.030% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0080% | 1h | 740.46 | −0.152% | $4.2M | $1.8M | 20x | as long as short |
| Gate QQQ_USDT | −0.0063% | 8h | 741.32 | −0.036% | $3.3M | $21.5M | 50x | as long as short |
| BloFin QQQ-USDT | −0.0028% | 8h | 741.78 | +0.026% | $1.1M | $271K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.79 | +0.027% | $823K | $858K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.74 | +0.020% | $10.5M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.56 | −0.004% | $21.4M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.50 | −0.013% | $5.4M | $6.3M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 741.83 | +0.032% | $16.6M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.94 | +0.047% | $16.9M | $7.3M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Gate QQQ_USDT
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
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 | 742.55 | +0.129% | $2K | $1.8M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 741.52 | −0.009% | $424K | $155K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.18 | +0.080% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.03 | +0.059% | $364K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0004% | 8h | 741.78 | +0.026% | $70.0M | $143.3M | 25x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.33 | −0.035% | $1.2M | $488K | 20x | as long as short |
| Lighter QQQlong | +0.0032% | 1h | 741.59 | long leg | $7.7M | $15.2M | 30x | |
| Arcus QQQ-USD | +0.0040% | 1h | 741.07 | −0.070% | $686K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.71 | +0.151% | — | $337K | 50x | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 741.90 | +0.042% | $37.1M | $79.6M | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.40 | −0.026% | $3.4M | $356K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.56 | −0.004% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.55 | −0.005% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.04 | −0.074% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERPshort | +0.0114% | 1h | 741.35 | −0.033% | $1.6M | $762K | 20x | |
| GRVT QQQ_USDT_Perp | +0.0120% | 8h | 742.18 | +0.079% | $314K | $2.0M | 10x | as long as short |
| Phoenix QQQ | +0.0205% | 1h | 741.30 | −0.039% | $38K | $65K | 20x | as long as short |
| edgeX QQQUSDC | +0.0604% | 4h | 741.87 | +0.038% | $759K | $334K | 20x | as long as short |
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Vest QQQ-USD-PERP
Lighter RH QQQ
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC