Funding you earn now, next payment 11:00 UTC−0.0133%/8h= −14.6% APRnext payment −$0.17 per $10,000 · paid last 24h −0.021%
Price spread now: Deribit against Nado+0.027%7-day average −0.027% · 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−$17as in the Price arb table
costs, in and out, $10k−$220.224% of the position
Funding, last 4 days (all we have)+0.067%+$7 on $10k
+Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.027%, 7d avg −0.027%
=Together, before fees+0.043%+ Points / potential airdropNado: Active · farm board+$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Deribit is 0.055% dearer against Nado than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of −0.027%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 33 hours. Mind the row above: over the last 4 days funding on this pair paid +0.067%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado QQQ-PERP | 742.38 | 0.0133 | pay 0.0017% / 1h | 44m 43s | $1.6M | $770K | 20x |
| Short | Deribit QQQ_USDC-PERPETUAL | 742.58 | 0 | get 0.0000% / 1h | 44m 43s | $398K | $107K | 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
- −$27.93
- Price spread: +0.027% → −0.027%
- $5.47
- Slippage, 4 orders
- −$8.4
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$44.86
- Costs to cover
- 0.224%
- Break-even
- never at this rate
Slippage from Nado: live order book, 2 min ago; Deribit: live order book, 2 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, 2 min ago | 0.07 bp | 5.9 bp −$6 | 16.6 bp −$166 | 61.6 bp −$6,164 | doesn't fit |
| Sell Deribit live order book, 2 min ago | 0.07 bp | 5.0 bp −$5 | 7.0 bp −$70 | doesn't fit | doesn't fit |
QQQ on 28 exchanges
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 −0.0203% / S +0.0285% | 1h | 743.09 | +0.095% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0129% | 1h | 740.96 | −0.191% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.11 | +0.099% | $856K | $903K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.89 | +0.069% | $21.7M | $30.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.87 | +0.066% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.46 | +0.011% | $3.5M | $19.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.03 | +0.088% | $17.0M | $5.9M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.53 | +0.155% | $2K | $1.5M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUALshort | 0.0000% | 1h | 742.58 | +0.027% | $398K | $107K | 20x | |
| HTX QQQ-USDT | 0.0000% | 8h | 743.27 | +0.120% | $247K | $45K | 30x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 743.53 | +0.155% | $362K | $1.6M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0016% | 8h | 742.87 | +0.066% | $1.1M | $237K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.35 | −0.004% | $7.3M | $15.7M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.05 | +0.091% | $38.7M | $77.0M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 742.87 | +0.066% | $1.2M | $541K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.93 | −0.060% | $659K | $1.4M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.84 | +0.197% | — | $337K | 50x | as long as short |
| Variational Omni QQQ | +0.0052% | 8h | 742.97 | +0.079% | $16.8M | $6.9M | — | as long as short |
| Bybit QQQUSDT | +0.0068% | 8h | 743.09 | +0.096% | $10.5M | $4.8M | 50x | as long as short |
| Binance QQQUSDT | +0.0076% | 8h | 743.09 | +0.096% | $71.6M | $145.9M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.67 | +0.039% | $3.4M | $469K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.82 | +0.060% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.74 | +0.049% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.28 | −0.013% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERPlong | +0.0133% | 1h | 742.38 | long leg | $1.6M | $770K | 20x | |
| GRVT QQQ_USDT_Perp | +0.0250% | 8h | 743.56 | +0.159% | $318K | $2.1M | 10x | as long as short |
| Phoenix QQQ | +0.0302% | 1h | 742.33 | −0.006% | $38K | $59K | 20x | as long as short |
| edgeX QQQUSDC | +0.0715% | 4h | 743.15 | +0.104% | $760K | $336K | 20x | as long as short |
Phemex QQQUSDT
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Bybit QQQUSDT
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC