Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.035%
Price spread now: Nado against Lighter RH−0.077%7-day average −0.013% · 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−$17as in the Price arb table
costs, in and out, $10k−$110.110% of the position
Funding, last 3 days (all we have)−0.001%$0 on $10k
+Price spread, last 7 days+0.019%+$2 · spread now −0.077%, 7d avg −0.013%
=Together, before fees+0.017%+ Points / potential airdropLighter RH: Points live · Nado: Active · farm board+$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.064% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.077% now, against its 7-day average of −0.013%). If the spread goes back, that is −$6 on $10k: about 3.2 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 RH QQQ | 744.92 | 0.0032 | pay 0.0004% / 1h | 59m 47s | $37.4M | $81.4M | 50x |
| Short | Nado QQQ-PERP | 744.35 | 0.0099 | get 0.0012% / 1h | 59m 47s | $1.5M | $1.1M | 20x |
Lighter RH QQQ
Nado QQQ-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Lighter RH. 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
- $14.05
- Price spread: −0.077% → −0.013%
- −$6.42
- Slippage, 4 orders
- −$4.01
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$3.38
- Costs to cover
- 0.110%
- Break-even
- 8.7 days
Slippage from Lighter RH: live order book, 4 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 Lighter RH live order book, 4 min ago | 0.13 bp | 0.3 bp $0 | 0.6 bp −$6 | 6.8 bp −$685 | doesn't fit |
| Sell Nado live order book, 4 min ago | 0.07 bp | 5.1 bp −$5 | 8.1 bp −$81 | 86.8 bp −$8,678 | 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 | −0.0307% | 1h | 743.25 | −0.224% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0092% / S +0.0198% | 1h | 744.76 | −0.021% | $25K | — | 26x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.52 | −0.054% | $21.5M | $25.4M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.37 | −0.074% | $3.2M | $29.1M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 745.25 | +0.044% | $2K | $2.1M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.94 | +0.003% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 745.03 | +0.015% | $360K | $1.4M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0003% | 8h | 744.38 | −0.072% | $1.1M | $320K | 20x | as long as short |
| Aster QQQUSDT | +0.0022% | 8h | 744.66 | −0.035% | $841K | $713K | 20x | as long as short |
| Bybit QQQUSDT | +0.0027% | 8h | 744.76 | −0.021% | $10.7M | $5.0M | 50x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 744.51 | −0.055% | $7.7M | $18.5M | 30x | as long as short |
| Lighter RH QQQlong | +0.0032% | 1h | 744.92 | long leg | $37.4M | $81.4M | 50x | |
| Arcus QQQ-USD | +0.0040% | 1h | 743.78 | −0.153% | $748K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.31 | +0.052% | — | $306K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 744.09 | −0.111% | $1.2M | $545K | 20x | as long as short |
| Variational Omni QQQ | +0.0072% | 8h | 744.60 | −0.042% | $17.1M | $7.6M | — | as long as short |
| Nado QQQ-PERPshort | +0.0099% | 1h | 744.35 | −0.077% | $1.5M | $1.1M | 20x | |
| Deribit QQQ_USDC-PERPETUAL | +0.0099% | 1h | 744.53 | −0.052% | $425K | $147K | 20x | as long as short |
| Binance QQQUSDT | +0.0099% | 8h | 744.79 | −0.017% | $71.3M | $149.2M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.52 | −0.054% | $3.4M | $410K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.13 | −0.106% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.51 | −0.055% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 744.02 | −0.121% | $93K | $1K | 10x | as long as short |
| Bitget QQQUSDT | +0.0144% | 8h | 744.71 | −0.028% | $16.9M | $6.1M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.80 | −0.015% | $5.4M | $8.2M | 25x | as long as short |
| edgeX QQQUSDC | +0.0216% | 4h | 744.53 | −0.053% | $761K | $337K | 20x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 744.36 | −0.075% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0361% | 8h | 744.85 | −0.009% | $318K | $1.8M | 10x | as long as short |
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Deribit QQQ_USDC-PERPETUAL
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Bitget QQQUSDT
RISEx QQQ/USDC
edgeX QQQUSDC
Phoenix QQQ
GRVT QQQ_USDT_Perp