Funding you earn now, next payment 02:00 UTC−0.0098%/8h= −10.7% APRpaid last 24h −0.046%
Price spread now: Gate against Nado−0.017%50s7-day average +0.011% · 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—prices read too far apart to compare
costs, in and out, $10k−$260.260% of the position
Funding, last 3 days (all we have)−0.045%−$4 on $10k
+Price spread, last 7 days+0.058%+$6 · spread now −0.017%, 7d avg +0.011%
=Together, before fees+0.013%+ Points / potential airdropNado: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.028% cheaper against Nado than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.011%). Swap the legs. The two prices were read 50 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 | Nado QQQ-PERP | 744.41 | 0.0098 | pay 0.0012% / 1h | 58m 37s | $1.5M | $1.1M | 20x |
| Short | Gate QQQ_USDT | 744.28 | 0 | get 0.0000% / 8h | 6h 58m | $3.2M | $19.9M | 50x |
Nado QQQ-PERP
Gate QQQ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$20.6
- Price spread: −0.017% → +0.011%
- −$2.83
- Slippage, 4 orders
- −$4.03
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$49.46
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage from Nado: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago | 0.07 bp | 4.9 bp −$5 | 8.1 bp −$81 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 0.07 bp | 8.4 bp −$8 | 13.8 bp −$138 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0278% | 1h | 743.10 | −0.176% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0092% / S +0.0199% | 1h | 744.75 | +0.045% | $25K | — | 26x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.39 | −0.002% | $21.5M | $25.3M | 50x | as long as short |
| Gate QQQ_USDTshort | 0.0000% | 8h | 744.28 | −0.017% | $3.2M | $19.9M | 50x | |
| SunX QQQ-USDT | 0.0000% | 8h | 745.21 | +0.108% | $2K | $2.1M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.94 | +0.071% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 745.09 | +0.092% | $359K | $1.4M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0019% | 8h | 744.38 | −0.004% | $1.1M | $320K | 20x | as long as short |
| Aster QQQUSDT | +0.0023% | 8h | 744.66 | +0.034% | $841K | $713K | 20x | as long as short |
| Bybit QQQUSDT | +0.0024% | 8h | 744.60 | +0.026% | $10.7M | $5.0M | 50x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
OKX QQQ-USDT-SWAP
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 744.35 | −0.008% | $7.7M | $17.6M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.82 | +0.055% | $37.4M | $78.5M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.77 | −0.086% | $748K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.30 | +0.120% | — | $306K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0048% | 1h | 744.09 | −0.043% | $1.2M | $545K | 20x | as long as short |
| Variational Omni QQQ | +0.0072% | 8h | 744.60 | +0.026% | $17.1M | $7.6M | — | as long as short |
| Nado QQQ-PERPlong | +0.0098% | 1h | 744.41 | long leg | $1.5M | $1.1M | 20x | |
| Binance QQQUSDT | +0.0099% | 8h | 744.63 | +0.030% | $71.3M | $148.7M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.39 | −0.002% | $3.4M | $410K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.13 | −0.037% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.51 | +0.014% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 744.09 | −0.042% | $93K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0113% | 1h | 744.49 | +0.011% | $425K | $147K | 20x | as long as short |
| Bitget QQQUSDT | +0.0141% | 8h | 744.68 | +0.037% | $16.9M | $6.1M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0168% | 1h | 744.71 | +0.041% | $5.4M | $8.2M | 25x | as long as short |
| edgeX QQQUSDC | +0.0216% | 4h | 744.53 | +0.016% | $761K | $337K | 20x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 744.24 | −0.023% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0371% | 8h | 744.88 | +0.064% | $318K | $1.8M | 10x | as long as short |
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
Bitget QQQUSDT
RISEx QQQ/USDC
edgeX QQQUSDC
Phoenix QQQ
GRVT QQQ_USDT_Perp