Nasdaq 100 3x perpetual (TQQQUSDT) on QATS Prop

TQQQUSDT at a glance

Symbol

TQQQUSDT, a USDT-margined perpetual future with no expiry

Challenge

QATS Prop TradFi challenges

Priced from

Binance

Listed on

Binance and Bybit

Max leverage

Up to 10× on the current plans, chosen per order

Funding

The exchange’s funding rate, paid or received at its funding times and added to the position’s P&L

Risk day

Starts at 17:00 Chicago time, an accounting boundary, not a pause

Hours

24/7; the fund trades 09:30–16:00 New York

What is Nasdaq 100 3x?

Three times the daily move of the Nasdaq-100.

TQQQ is built to return three times the daily performance of the Nasdaq-100, the index the QQQ fund tracks without leverage. A one percent day in the index is about three percent here.

It is one of the most popular leveraged funds among individual traders. Like all such funds it resets every day, so over longer periods its result differs from three times the index, usually for the worse in a choppy market.

Aims for

+300% of the index’s daily move

Index

Nasdaq-100

Issuer

ProShares

What moves the price of Nasdaq 100 3x?

The Nasdaq-100

Everything that moves QQQ reaches this fund three times over.

Interest-rate expectations

Growth stocks react strongly to yields.

The largest technology companies

A handful of stocks carry the index.

Volatility itself

Swings in both directions erode the fund over time.

What do traders watch?

• Federal Reserve decisions
• Earnings of the largest technology companies
• US inflation data

When does TQQQUSDT trade?

The perpetual trades around the clock, but it follows a market that is open 09:30 to 16:00 New York time. Outside those hours, and at weekends, the book is thinner and spreads are wider.

What are the risks of trading Nasdaq 100 3x on a prop account?

• The three-times target applies to one day at a time. Over weeks the result drifts away from three times the index, and a choppy market wears the fund down even when the index ends flat.
• A normal day here is three times a normal day in the Nasdaq-100.
• The market it follows is closed at weekends. A position held through the weekend meets Monday’s opening price, which can be far from Friday’s close.