Funding you earn now, next payment 04:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.042%
Price spread now: Nado against Phemex−0.105%7-day average −0.061% · 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−$81as in the Price arb table
costs, in and out, $10k−$770.770% of the position
Funding, last 3 days (all we have)+0.038%+$4 on $10k
+Price spread, last 4 days (all we have)−0.049%−$5 · spread now −0.105%, 7d avg −0.061%
=Together, before fees−0.011%+ Points / potential airdropNado: Active · farm board−$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.043% cheaper against Phemex than usual: you would sell low and buy high (spread −0.105% now, against its 7-day average of −0.061%). If the spread goes back, that is −$4 on $10k: about 37 hours of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.038% in total) that is about 3.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex QQQUSDT | 744.73 | 0 | get 0.0000% / 8h | 4h 09m | $361K | $1.5M | 10x |
| Short | Nado QQQ-PERP | 743.95 | 0.0095 | get 0.0012% / 1h | 9m 22s | $1.5M | $830K | 20x |
Phemex QQQUSDT
Nado QQQ-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Phemex. 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
- Price spread: −0.105% → −0.061%
- −$4.35
- Slippage, 4 orders
- −$57.99
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$61.34
- Costs to cover
- 0.770%
- Break-even
- 28.5 days
Slippage from Phemex: 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 Phemex live order book, 4 min ago | 1.61 bp | 36.4 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 4 min ago | 0.07 bp | 5.2 bp −$5 | 8.7 bp −$87 | 87.8 bp −$8,775 | 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 | −0.0131% | 1h | 743.24 | −0.200% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0127% / S +0.0226% | 1h | 744.34 | −0.053% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | 0.0000% | 8h | 744.14 | −0.079% | $1.1M | $261K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.27 | −0.062% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.29 | −0.059% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.09 | −0.086% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.36 | −0.050% | $5.4M | $7.4M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.77 | −0.129% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.45 | −0.038% | $16.9M | $5.7M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 744.11 | −0.084% | $17.1M | $7.4M | — | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
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 | 744.79 | +0.008% | $2K | $1.9M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.65 | −0.011% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDTlong | 0.0000% | 8h | 744.73 | long leg | $361K | $1.5M | 10x | |
| Coinbase International QQQ-PERP-INTX | +0.0008% | 1h | 743.80 | −0.125% | $1.2M | $536K | 20x | as long as short |
| Binance QQQUSDT | +0.0024% | 8h | 744.33 | −0.054% | $71.0M | $141.5M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.15 | −0.078% | $7.7M | $16.4M | 30x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0032% | 1h | 744.06 | −0.090% | $425K | $150K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.59 | −0.153% | $698K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.28 | +0.074% | — | $337K | 50x | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 744.59 | −0.019% | $37.0M | $79.8M | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0091% | 8h | 744.38 | −0.048% | $316K | $1.9M | 10x | as long as short |
| Nado QQQ-PERPshort | +0.0095% | 1h | 743.95 | −0.105% | $1.5M | $830K | 20x | |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.91 | −0.110% | $3.4M | $363K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.89 | −0.113% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.02 | −0.095% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.50 | −0.165% | $93K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 743.93 | −0.107% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0993% | 4h | 744.11 | −0.083% | $761K | $334K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Lighter QQQ
Deribit QQQ_USDC-PERPETUAL
Arcus QQQ-USD
Vest QQQ-USD-PERP
Lighter RH QQQ
GRVT QQQ_USDT_Perp
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC