Funding you earn now, next payment 09:00 UTC+0.0117%/8h= +12.8% APRnext payment +$0.15 per $10,000 · paid last 24h +0.026%
Price spread now: Nado against Lighter RH−0.062%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−$18as in the Price arb table
costs, in and out, $10k−$130.128% of the position
Funding, last 4 days (all we have)+0.006%+$1 on $10k
+Price spread, last 7 days+0.013%+$1 · spread now −0.062%, 7d avg −0.013%
=Together, before fees+0.020%+ 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 0.049% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of −0.013%). If the spread goes back, that is −$5 on $10k: about 34 hours of funding at the current rate (+$3 a day). At the pace of the last 4 days (+0.006% in total) that is about 28 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH QQQ | 740.90 | 0.0032 | pay 0.0004% / 1h | 19m 35s | $37.6M | $80.4M | 50x |
| Short | Nado QQQ-PERP | 740.44 | 0.0149 | get 0.0019% / 1h | 19m 35s | $1.6M | $749K | 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
- $24.49
- Price spread: −0.062% → −0.013%
- −$4.9
- Slippage, 4 orders
- −$5.83
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $6.76
- Costs to cover
- 0.128%
- Break-even
- 5.1 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 | 0.14 bp | 0.2 bp $0 | 1.3 bp −$13 | 9.9 bp −$991 | doesn't fit |
| Sell Nado live order book, 4 min ago | 0.07 bp | 6.5 bp −$6 | 9.3 bp −$93 | 53.9 bp −$5,386 | 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 −0.0187% / S +0.0273% | 1h | 740.51 | −0.052% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0009% | 8h | 740.02 | −0.119% | $1.1M | $278K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 740.14 | −0.102% | $855K | $903K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 740.84 | −0.008% | $10.6M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 740.40 | −0.067% | $21.8M | $30.0M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 740.47 | −0.058% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 740.19 | −0.096% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 740.83 | −0.009% | $16.5M | $5.2M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 740.96 | +0.008% | $2K | $1.6M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 740.17 | −0.099% | $423K | $128K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUALShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 739.76 | −0.154% | $250K | $38K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 740.63 | −0.036% | $364K | $1.6M | 10x | as long as short |
| Variational Omni QQQ | +0.0003% | 8h | 740.38 | −0.071% | $16.7M | $7.2M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0024% | 1h | 739.81 | −0.147% | $1.2M | $499K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 740.60 | −0.040% | $7.6M | $15.5M | 30x | as long as short |
| Lighter RH QQQlong | +0.0032% | 1h | 740.90 | long leg | $37.6M | $80.4M | 50x | |
| Binance QQQUSDT | +0.0034% | 8h | 740.71 | −0.026% | $70.3M | $141.1M | 25x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 739.86 | −0.140% | $647K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 741.46 | +0.076% | — | $337K | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 739.35 | −0.209% | $4.2M | $1.8M | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 740.42 | −0.065% | $3.4M | $393K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 739.88 | −0.138% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 740.11 | −0.107% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 739.62 | −0.173% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERPshort | +0.0149% | 1h | 740.44 | −0.062% | $1.6M | $749K | 20x | |
| GRVT QQQ_USDT_Perp | +0.0181% | 8h | 740.38 | −0.070% | $314K | $2.0M | 10x | as long as short |
| Phoenix QQQ | +0.0248% | 1h | 739.00 | −0.256% | $38K | $65K | 20x | as long as short |
| edgeX QQQUSDC | +0.0760% | 4h | 740.19 | −0.096% | $757K | $336K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Binance QQQUSDT
Arcus QQQ-USD
Vest QQQ-USD-PERP
Ondo Perps QQQ-USD.P
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC