Funding you earn now, next payment 05:00 UTC+0.0091%/8h= +10.0% APRpaid last 24h +0.041%
Price spread now: Nado against Phemex−0.042%7-day average −0.062% · 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−$76as in the Price arb table
costs, in and out, $10k−$780.778% of the position
Funding, last 3 days (all we have)+0.039%+$4 on $10k
+Price spread, last 4 days (all we have)−0.068%−$7 · spread now −0.042%, 7d avg −0.062%
=Together, before fees−0.030%+ Points / potential airdropNado: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.062%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex QQQUSDT | 743.17 | 0 | get 0.0000% / 8h | 3h 38m | $358K | $1.6M | 10x |
| Short | Nado QQQ-PERP | 742.86 | 0.0091 | get 0.0011% / 1h | 38m 19s | $1.5M | $763K | 20x |
Phemex QQQUSDT
Nado QQQ-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Phemex. 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
- $19.2
- Price spread: −0.042% → −0.062%
- $1.93
- Slippage, 4 orders
- −$58.84
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$56.71
- Costs to cover
- 0.778%
- Break-even
- 27.7 days
Slippage from Phemex: live order book, 5 min ago; Nado: live order book, just now.
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 Phemex live order book, 5 min ago | 2.15 bp | 36.3 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, just now | 0.07 bp | 5.0 bp −$5 | 8.3 bp −$83 | 85.1 bp −$8,509 | 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 −0.0134% / S +0.0231% | 1h | 743.17 | +0.001% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0042% | 1h | 742.40 | −0.104% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0027% | 8h | 743.11 | −0.008% | $1.1M | $256K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.17 | 0.000% | $840K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.10 | −0.009% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.01 | −0.022% | $21.4M | $26.9M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.78 | −0.052% | $3.3M | $20.9M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.36 | +0.026% | $16.9M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.22 | +0.007% | $17.1M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.63 | +0.062% | $2K | $1.9M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.64 | −0.071% | $1.2M | $536K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.57 | +0.054% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDTlong | 0.0000% | 8h | 743.17 | long leg | $358K | $1.6M | 10x | |
| Binance QQQUSDT | +0.0005% | 8h | 743.18 | +0.001% | $70.8M | $141.3M | 25x | as long as short |
| RISEx QQQ/USDC | +0.0010% | 1h | 743.24 | +0.010% | $5.4M | $7.3M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.06 | −0.015% | $7.7M | $15.8M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.49 | +0.043% | $37.0M | $78.7M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.61 | −0.075% | $702K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.19 | +0.137% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0072% | 8h | 743.44 | +0.037% | $315K | $1.9M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0073% | 1h | 743.01 | −0.022% | $424K | $150K | 20x | as long as short |
| Nado QQQ-PERPshort | +0.0091% | 1h | 742.86 | −0.042% | $1.5M | $763K | 20x | |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.95 | −0.030% | $3.4M | $339K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.28 | +0.015% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.92 | −0.034% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.39 | −0.105% | $92K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 743.10 | −0.009% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0938% | 4h | 743.35 | +0.025% | $760K | $334K | 20x | as long as short |
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Binance QQQUSDT
RISEx QQQ/USDC
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
Deribit QQQ_USDC-PERPETUAL
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC