QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0101%/8h= +11.1% APRnext payment +$0.13 per $10,000 · paid last 24h +0.027%

Price spread now: Nado against Coinbase International+0.002%45s7-day average +0.037% · 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—prices read too far apart to compare

costs, in and out, $10k−$210.209% of the position

Long on Coinbase International Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.063%−$6 on $10k

Price spread, last 3 days (all we have)−0.072%−$7 · spread now +0.002%, 7d avg +0.037%

Together, before fees−0.135%+ Points / potential airdropNado: Active · farm board−$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.035% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.002% now, against its 7-day average of +0.037%). If the spread goes back, that is −$4 on $10k: about 28 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 3 days funding on this pair cost −0.063%, so the current rate has only just turned in your favour. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International QQQ-PERP-INTX	743.11	0.0072	pay 0.0009% / 1h	12m 25s	$1.2M	$866K	20x
Short	Nado QQQ-PERP	743.13	0.0173	get 0.0022% / 1h	12m 25s	$1.5M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee NadobpOrdersPrice spread, now +0.002%Rate

Funding earned: $21.21
Price spread: +0.002% → +0.037%: −$3.52
Slippage, 4 orders: −$3.86
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$3.18
Costs to cover: 0.209%
Break-even: 8.0 days

Slippage from Coinbase International: live order book, 1 min ago; Nado: 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 Coinbase International live order book, 1 min ago	0.07 bp	5.1 bp −$5	6.6 bp −$66	37.1 bp −$3,714	doesn't fit
Sell Nado live order book, 6 min ago	0.07 bp	4.8 bp −$5	7.8 bp −$78	53.9 bp −$5,393	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 −0.0077% / S +0.0187%	1h	743.50	+0.053%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0052%	1h	742.08	−0.139%	$4.2M	$2.1M	20x	as long as short
BloFin QQQ-USDT	−0.0002%	8h	743.09	−0.003%	$1.1M	$320K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	743.51	+0.054%	$845K	$784K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	743.44	+0.044%	$21.6M	$27.5M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	743.31	+0.027%	$3.1M	$32.8M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	744.02	+0.122%	$2K	$2.3M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	743.13	+0.003%	$257K	$25K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	743.97	+0.116%	$363K	$1.4M	10x	as long as short
Lighter RH QQQ	+0.0032%	1h	743.74	+0.085%	$37.4M	$80.9M	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus QQQ-USD	+0.0040%	1h	742.88	−0.031%	$747K	$1.5M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	744.03	+0.124%	—	$621K	50x	as long as short
Variational Omni QQQ	+0.0046%	8h	743.47	+0.048%	$17.6M	$10.3M	—	as long as short
Lighter QQQ	+0.0064%	1h	743.42	+0.042%	$7.6M	$20.9M	30x	as long as short
Coinbase International QQQ-PERP-INTXlong	+0.0072%	1h	743.11	long leg	$1.2M	$866K	20x
Binance QQQUSDT	+0.0076%	8h	743.60	+0.066%	$71.1M	$160.7M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	743.09	−0.003%	$3.4M	$415K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	743.07	−0.005%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	743.29	+0.024%	$12K	$21K	20x	as long as short
Bybit QQQUSDT	+0.0101%	8h	743.57	+0.062%	$10.7M	$5.1M	50x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	742.83	−0.038%	$92K	$1K	10x	as long as short
Nado QQQ-PERPshort	+0.0173%	1h	743.13	+0.002%	$1.5M	$1.3M	20x
Bitget QQQUSDT	+0.0180%	8h	743.60	+0.066%	$16.9M	$7.0M	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0181%	1h	743.26	+0.020%	$425K	$157K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0191%	8h	743.70	+0.079%	$323K	$1.8M	10x	as long as short
RISEx QQQ/USDC	+0.0193%	1h	743.59	+0.064%	$5.6M	$9.0M	25x	as long as short
Phoenix QQQ	+0.0194%	1h	743.06	−0.007%	$38K	$73K	20x	as long as short
edgeX QQQUSDC	+0.0546%	4h	743.47	+0.048%	$760K	$337K	20x	as long as short