Funding you earn now, next payment 02:00 UTC+0.0045%/8h= +4.9% APRnext payment +$0.06 per $10,000 · paid last 24h +0.018%
Price spread now: RISEx against Nado+0.056%7-day average +0.033% · 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−$15as in the Price arb table
costs, in and out, $10k−$170.169% of the position
Funding, last 3 days (all we have)+0.152%+$15 on $10k
+Price spread, last 7 days−0.043%−$4 · spread now +0.056%, 7d avg +0.033%
=Together, before fees+0.109%+ Points / potential airdropNado: Active · farm board+$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and RISEx is 0.022% dearer against Nado than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.033%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado QQQ-PERP | 744.11 | 0.0123 | pay 0.0015% / 1h | 14m 27s | $1.5M | $953K | 20x |
| Short | RISEx QQQ/USDC | 744.53 | 0.0168 | get 0.0021% / 1h | 14m 27s | $5.4M | $8.0M | 25x |
Nado QQQ-PERP
RISEx QQQ/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $9.41
- Price spread: +0.056% → +0.033%
- $2.24
- Slippage, 4 orders
- −$3.93
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$5.28
- Costs to cover
- 0.169%
- Break-even
- 10.9 days
Slippage from Nado: live order book, 4 min ago; RISEx: 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, 4 min ago | 0.07 bp | 5.0 bp −$5 | 7.7 bp −$77 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 5 min ago | 0.20 bp | 3.2 bp −$3 | 3.9 bp −$39 | doesn't fit | doesn't fit |
QQQ on 27 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 −0.0101% / S +0.0206% | 1h | 744.54 | +0.058% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0088% | 1h | 743.56 | −0.074% | $4.2M | $1.9M | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.62 | +0.068% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.37 | +0.035% | $21.7M | $26.4M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.10 | −0.002% | $3.3M | $23.3M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 745.03 | +0.123% | $2K | $2.1M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 745.25 | +0.153% | $258K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.91 | +0.107% | $359K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0006% | 8h | 744.46 | +0.046% | $841K | $712K | 20x | as long as short |
| Bitget QQQUSDT | +0.0025% | 8h | 744.57 | +0.062% | $16.9M | $5.9M | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDT
Bitget QQQUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 744.23 | +0.016% | $7.7M | $17.8M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.66 | +0.074% | $37.4M | $80.3M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.66 | −0.061% | $705K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.46 | +0.181% | — | $337K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0048% | 1h | 744.11 | 0.000% | $1.2M | $538K | 20x | as long as short |
| Variational Omni QQQ | +0.0056% | 8h | 744.43 | +0.042% | $17.1M | $7.6M | — | as long as short |
| Binance QQQUSDT | +0.0082% | 8h | 744.52 | +0.055% | $71.0M | $147.3M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.26 | +0.020% | $3.4M | $412K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.10 | −0.002% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.30 | +0.025% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.77 | −0.045% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERPlong | +0.0123% | 1h | 744.11 | long leg | $1.5M | $953K | 20x | |
| RISEx QQQ/USDCshort | +0.0168% | 1h | 744.53 | +0.056% | $5.4M | $8.0M | 25x | |
| Phoenix QQQ | +0.0183% | 1h | 744.18 | +0.009% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0198% | 8h | 744.63 | +0.069% | $320K | $1.8M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0207% | 1h | 744.38 | +0.036% | $425K | $148K | 20x | as long as short |
| edgeX QQQUSDC | +0.0490% | 4h | 744.37 | +0.035% | $761K | $335K | 20x | 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
Phoenix QQQ
GRVT QQQ_USDT_Perp
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC