Funding you earn now, next payment 03:00 UTC+0.0118%/8h= +12.9% APRnext payment +$0.15 per $10,000 · paid last 24h −0.031%
Price spread now: Deribit against Nado+0.031%7-day average −0.031% · 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−$16as 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)−0.051%−$5 · spread now +0.031%, 7d avg −0.031%
=Together, before fees+0.026%+ Points / potential airdropNado: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Deribit is 0.063% dearer against Nado than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.031%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado QQQ-PERP | 743.96 | 0.0116 | pay 0.0014% / 1h | 50m 45s | $1.5M | $924K | 20x |
| Short | Deribit QQQ_USDC-PERPETUAL | 744.19 | 0.0234 | get 0.0029% / 1h | 50m 45s | $425K | $149K | 20x |
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $24.78
- Price spread: +0.031% → −0.031%
- $6.27
- Slippage, 4 orders
- −$8.4
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $8.65
- Costs to cover
- 0.224%
- Break-even
- 4.6 days
Slippage from Nado: live order book, 3 min ago; Deribit: live order book, 13 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, 3 min ago | 0.07 bp | 4.9 bp −$5 | 8.3 bp −$83 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 13 min ago | 0.07 bp | 9.0 bp −$9 | 10.5 bp −$105 | doesn't fit | 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 | 744.34 | +0.051% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.39 | +0.059% | $841K | $713K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.39 | +0.058% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.25 | +0.039% | $21.7M | $26.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.34 | +0.052% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.97 | +0.002% | $3.3M | $20.5M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.46 | +0.068% | $16.9M | $5.8M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.78 | +0.111% | $2K | $2.0M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.68 | +0.097% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.55 | +0.080% | $360K | $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 | +0.044% | $761K | $334K | 20x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0010% | 1h | 743.42 | −0.072% | $4.2M | $1.9M | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.09 | +0.018% | $7.7M | $17.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.49 | +0.072% | $37.3M | $78.4M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 743.88 | −0.010% | $1.2M | $532K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.45 | −0.068% | $705K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.29 | +0.179% | — | $337K | 50x | as long as short |
| Variational Omni QQQ | +0.0049% | 8h | 744.19 | +0.031% | $17.1M | $7.5M | — | as long as short |
| Binance QQQUSDT | +0.0074% | 8h | 744.26 | +0.040% | $71.2M | $144.5M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.04 | +0.011% | $3.4M | $414K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.99 | +0.004% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.07 | +0.015% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.56 | −0.053% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERPlong | +0.0116% | 1h | 743.96 | long leg | $1.5M | $924K | 20x | |
| Phoenix QQQ | +0.0161% | 1h | 743.99 | +0.004% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0169% | 8h | 744.51 | +0.074% | $322K | $1.9M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUALshort | +0.0234% | 1h | 744.19 | +0.031% | $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