Funding you earn now, next payment 04:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h +0.020%
Price spread now: KuCoin against Arcus+0.061%7-day average +0.097% · 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−$36as in the Price arb table
costs, in and out, $10k−$330.328% of the position
Funding, last 4 days (all we have)+0.078%+$8 on $10k
+Price spread, last 7 days−0.055%−$5 · spread now +0.061%, 7d avg +0.097%
=Funding pays, the price is against you. KuCoin is 0.037% cheaper against Arcus than usual: you would sell low and buy high (spread +0.061% now, against its 7-day average of +0.097%). If the spread goes back, that is −$4 on $10k: about 2.0 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus QQQ-USD | 743.69 | 0.0040 | pay 0.0005% / 1h | 38m 21s | $702K | $1.6M | 25x |
| Short | KuCoin QQQUSDTM | 744.14 | 0.0100 | get 0.0100% / 8h | 4h 38m | $3.4M | $390K | 20x |
Arcus QQQ-USD
KuCoin QQQUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Arcus. 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
- $12.54
- Price spread: +0.061% → +0.097%
- −$3.67
- Slippage, 4 orders
- −$16.28
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$23.91
- Costs to cover
- 0.328%
- Break-even
- 20.3 days
Slippage from Arcus: live order book, 1 min ago; KuCoin: 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 Arcus live order book, 1 min ago | 0.13 bp | 3.4 bp −$3 | 6.1 bp −$61 | 23.8 bp −$2,380 | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 2.15 bp | 14.6 bp −$15 | 112.5 bp −$1,125 | 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 | −0.0131% | 1h | 742.94 | −0.101% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0121% / S +0.0221% | 1h | 744.50 | +0.108% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.49 | +0.107% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.42 | +0.098% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.29 | +0.081% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.54 | +0.115% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.91 | +0.030% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.59 | +0.121% | $16.9M | $5.7M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.94 | +0.168% | $2K | $1.9M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.70 | +0.136% | $257K | $29K | 30x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 744.65 | +0.129% | $360K | $1.5M | 10x | as long as short |
| Variational Omni QQQ | +0.0006% | 8h | 744.39 | +0.094% | $17.1M | $7.5M | — | as long as short |
| BloFin QQQ-USDT | +0.0008% | 8h | 744.29 | +0.081% | $1.1M | $271K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0008% | 1h | 743.96 | +0.036% | $1.2M | $536K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.29 | +0.081% | $7.7M | $16.3M | 30x | as long as short |
| Arcus QQQ-USDlong | +0.0040% | 1h | 743.69 | long leg | $702K | $1.6M | 25x | |
| Binance QQQUSDT | +0.0042% | 8h | 744.49 | +0.108% | $71.1M | $141.8M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.46 | +0.238% | — | $337K | 50x | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 744.79 | +0.148% | $36.9M | $78.9M | 50x | as long as short |
| Nado QQQ-PERP | +0.0098% | 1h | 744.18 | +0.066% | $1.5M | $876K | 20x | as long as short |
| KuCoin QQQUSDTMshort | +0.0100% | 8h | 744.14 | +0.061% | $3.4M | $390K | 20x | |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.20 | +0.069% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.24 | +0.074% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.68 | −0.001% | $93K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0114% | 8h | 744.62 | +0.125% | $319K | $1.9M | 10x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 744.09 | +0.054% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0220% | 1h | 744.42 | +0.098% | $425K | $149K | 20x | as long as short |
| edgeX QQQUSDC | +0.0728% | 4h | 744.46 | +0.103% | $761K | $333K | 20x | as long as short |
Phemex QQQUSDT
Variational Omni QQQ
BloFin QQQ-USDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Binance QQQUSDT
Vest QQQ-USD-PERP
Lighter RH QQQ
Nado QQQ-PERP
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC