Funding you earn now, next payment 08:00 UTC−0.0115%/8h= −12.6% APRpaid last 24h −0.012%
Price spread now: Binance against Nado+0.067%7-day average +0.029% · 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−$18as in the Price arb table
costs, in and out, $10k−$210.214% of the position
Funding, last 4 days (all we have)−0.111%−$11 on $10k
+Price spread, last 7 days−0.031%−$3 · spread now +0.067%, 7d avg +0.029%
=Together, before fees−0.143%+ Points / potential airdropNado: Active · farm board−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.038% dearer against Nado than usual: you sell high and buy low (spread +0.067% now, against its 7-day average of +0.029%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado QQQ-PERP | 741.27 | 0.0140 | pay 0.0017% / 1h | 6m 54s | $1.6M | $744K | 20x |
| Short | Binance QQQUSDT | 741.77 | 0.0025 | get 0.0025% / 8h | 6m 54s | $70.3M | $140.6M | 25x |
Nado QQQ-PERP
Binance QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Nado. 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
- −$24.09
- Price spread: +0.067% → +0.029%
- $3.81
- Slippage, 4 orders
- −$4.38
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$41.66
- Costs to cover
- 0.214%
- Break-even
- never at this rate
Slippage from Nado: live order book, 2 min ago; Binance: live order book, 6 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 Nado live order book, 2 min ago | 0.07 bp | 6.1 bp −$6 | 9.1 bp −$91 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 0.07 bp | 5.1 bp −$5 | 5.7 bp −$57 | 11.0 bp −$1,102 | 28.9 bp −$14.5K |
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 −0.0177% / S +0.0265% | 1h | 741.75 | +0.064% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0123% | 1h | 740.66 | −0.083% | $4.2M | $1.8M | 20x | as long as short |
| Gate QQQ_USDT | −0.0094% | 8h | 741.22 | −0.007% | $3.3M | $21.7M | 50x | as long as short |
| BloFin QQQ-USDT | −0.0019% | 8h | 741.34 | +0.009% | $1.1M | $274K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.74 | +0.064% | $824K | $864K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.73 | +0.062% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.56 | +0.039% | $21.5M | $28.4M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.49 | +0.029% | $5.4M | $5.9M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 741.88 | +0.082% | $16.5M | $5.3M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.57 | +0.040% | $16.8M | $7.2M | — | 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 | 742.04 | +0.104% | $2K | $1.7M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 741.34 | +0.009% | $424K | $156K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.03 | +0.102% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.00 | +0.098% | $358K | $1.6M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.14 | −0.018% | $1.2M | $487K | 20x | as long as short |
| Binance QQQUSDTshort | +0.0025% | 8h | 741.77 | +0.067% | $70.3M | $140.6M | 25x | |
| Lighter QQQ | +0.0032% | 1h | 741.53 | +0.035% | $7.7M | $15.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 741.88 | +0.082% | $37.4M | $81.5M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 740.84 | −0.058% | $647K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.64 | +0.185% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.32 | +0.006% | $3.4M | $356K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.13 | −0.019% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.43 | +0.021% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 740.98 | −0.040% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERPlong | +0.0140% | 1h | 741.27 | long leg | $1.6M | $744K | 20x | |
| GRVT QQQ_USDT_Perp | +0.0144% | 8h | 741.77 | +0.067% | $314K | $2.0M | 10x | as long as short |
| Phoenix QQQ | +0.0227% | 1h | 741.17 | −0.014% | $38K | $65K | 20x | as long as short |
| edgeX QQQUSDC | +0.0942% | 4h | 741.62 | +0.047% | $758K | $335K | 20x | as long as short |
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC