Funding you earn now, next payment 08:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.024%
Price spread now: Bybit against Nado+0.062%7-day average +0.036% · 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−$23as in the Price arb table
costs, in and out, $10k−$260.260% of the position
Funding, last 4 days (all we have)−0.029%−$3 on $10k
+Price spread, last 7 days−0.049%−$5 · spread now +0.062%, 7d avg +0.036%
=Together, before fees−0.078%+ Points / potential airdropNado: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.025% dearer against Nado than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of +0.036%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 4 days (−0.029% in total) that is about 3.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado QQQ-PERP | 741.27 | 0.0140 | pay 0.0018% / 1h | 9m 15s | $1.6M | $746K | 20x |
| Short | Bybit QQQUSDT | 741.73 | 0 | get 0.0000% / 8h | 9m 15s | $10.7M | $5.0M | 50x |
Nado QQQ-PERP
Bybit QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$29.41
- Price spread: +0.062% → +0.036%
- $2.55
- Slippage, 4 orders
- −$8.01
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$52.88
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage from Nado: live order book, 4 min ago; Bybit: 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 Nado live order book, 4 min ago | 0.20 bp | 5.8 bp −$6 | 8.1 bp −$81 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.27 bp | 7.3 bp −$7 | 8.0 bp −$80 | 58.0 bp −$5,796 | 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 −0.0177% / S +0.0265% | 1h | 741.76 | +0.066% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0137% | 1h | 740.63 | −0.087% | $4.2M | $1.8M | 20x | as long as short |
| Gate QQQ_USDT | −0.0093% | 8h | 741.22 | −0.007% | $3.3M | $21.7M | 50x | as long as short |
| BloFin QQQ-USDT | −0.0005% | 8h | 741.47 | +0.027% | $1.1M | $274K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.72 | +0.061% | $824K | $864K | 20x | as long as short |
| Bybit QQQUSDTshort | 0.0000% | 8h | 741.73 | +0.062% | $10.7M | $5.0M | 50x | |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.43 | +0.021% | $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 | 741.82 | +0.074% | $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
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 | 742.13 | +0.116% | $2K | $1.7M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 741.93 | +0.089% | $250K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.43 | +0.156% | $359K | $1.6M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.15 | −0.016% | $1.2M | $486K | 20x | as long as short |
| Binance QQQUSDT | +0.0024% | 8h | 741.75 | +0.065% | $70.3M | $140.8M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.53 | +0.035% | $7.7M | $15.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 741.83 | +0.075% | $37.4M | $81.4M | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0033% | 1h | 741.36 | +0.012% | $424K | $156K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 740.87 | −0.054% | $647K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.66 | +0.187% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.29 | +0.002% | $3.4M | $352K | 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 | 741.46 | +0.025% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 740.97 | −0.041% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERPlong | +0.0140% | 1h | 741.27 | long leg | $1.6M | $746K | 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
HTX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Lighter QQQ
Lighter RH QQQ
Deribit QQQ_USDC-PERPETUAL
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