QQQ Funding Rate — Nasdaq-100 ETF tokenized stock perpetuals across 11 venues
Tokenized stock (xStock) perpetual · compared across 11 venues · net of estimated fees · updated every few minutesQQQ is a perpetual linked to the Nasdaq-100 ETF index/ETF, traded on-chain as a tokenized xStock. Perpia compares its annualized funding across venues and the best delta-neutral spread.
Live annualized QQQ perpetual funding across all 11 venues Perpia tracks. Right now QQQ funding is positive on 2 and negative on 1, ranging from +4.5% on Arcus to -0.7% on Nado — a spread of 5.2%. The widest delta-neutral trade is long Nado / short Lighter at 3.3% net APR.
QQQ funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
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Build a route
any two of the 11 venuesThis route is 1 pp below the widest one right now (Nado → Arcus). The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.
Venues: pick the two legs
sorted by rate · 11 venues| Venue | Funding APR ↓ | Interval | Use as |
|---|---|---|---|
| Arcus↗ | +4.5% | every 1h | |
| Lighter↗short | +3.5% | every 8h | |
| Risex↗ | +0.0% | every 1h | |
| OKX↗ | +0.0% | every 8h | |
| Aster↗ | +0.0% | every 8h | |
| Variational↗ | +0.0% | every 8h | |
| Bybit↗ | +0.0% | every 8h | |
| Bitget↗ | +0.0% | every 8h | |
| KuCoin↗ | +0.0% | every 8h | |
| Gate.io↗ | +0.0% | every 8h | |
| below — these venues pay the longs: this is the leg you buy | |||
| Nado↗long | −0.7% | every 24h | |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Nado vs Lighter page. 18 pairs scanned for QQQ.
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QQQ — FAQ
Is QQQ funding positive right now?
QQQ perpetual funding is positive on 2 of 11 venues Perpia tracks and negative on 1. The highest is +4.5% on Arcus; the lowest is -0.7% on Nado.
What is the best QQQ funding arbitrage right now?
Go long Nado and short Lighter for about 3.3% net APR after fees — the widest delta-neutral QQQ spread Perpia currently sees.
Which exchange has the highest QQQ funding rate?
Arcus, at +4.5% annualized. Funding shifts continuously, so check the live table above before trading.
How QQQ funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Related tokenized stocks
same catalogSee the full list on the tokenized stocks hub.