Settings8H · net · $10k
Funding arb · Price arb /

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.010%
Price spread now: KuCoin against Bitget−0.067%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$430.426% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.084%+$8 on $10k
Price spread, last 7 days−0.058%−$6 · spread now −0.067%, 7d avg −0.078%
Together, before fees+0.025%+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.078%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget QQQUSDT742.130get 0.0000% / 8h1h 02m$16.6M$5.5M20x
ShortKuCoin QQQUSDTM741.630.0100get 0.0100% / 8h1h 02m$3.4M$356K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$21
Price spread: −0.067% → −0.078%
$1.08
Slippage, 4 orders
−$18.63
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$20.55
Costs to cover
0.426%
Break-even
13.9 days
Slippage from Bitget: live order book, 1 min ago; KuCoin: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 1 min ago0.07 bp6.6 bp −$79.0 bp −$9013.5 bp −$1,352doesn't fit
Sell KuCoin live order book, 5 min ago1.75 bp20.1 bp −$20126.7 bp −$1,267doesn't fitdoesn't fit

QQQ on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX QQQ/USD [ETH-USDC]L −0.0166% / S +0.0256%1h742.10−0.005%$25K26xas long as short
Gate QQQ_USDT−0.0059%8h741.37−0.102%$3.4M$21.6M50xas long as short
Ondo Perps QQQ-USD.P−0.0024%1h740.51−0.218%$4.2M$1.8M20xas long as short
Aster QQQUSDT0.0000%8h742.01−0.017%$823K$858K20xas long as short
Bybit QQQUSDT0.0000%8h741.86−0.036%$10.5M$5.2M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h741.82−0.042%$21.4M$28.3M50xas long as short
RISEx QQQ/USDC0.0000%1h741.76−0.050%$5.4M$6.3M25xas long as short
Bitget QQQUSDTlong0.0000%8h742.13long leg$16.6M$5.5M20x
Variational Omni QQQ0.0000%8h741.89−0.033%$16.9M$7.3Mas long as short
SunX QQQ-USDT0.0000%8h742.84+0.096%$2K$1.8M10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit QQQ_USDC-PERPETUAL0.0000%1h741.73−0.054%$424K$155K20xas long as short
HTX QQQ-USDT0.0000%8h742.18+0.007%$251K$41K30xas long as short
Phemex QQQUSDT0.0000%8h742.37+0.032%$362K$1.6M10xas long as short
Binance QQQUSDT+0.0003%8h742.04−0.012%$70.0M$143.9M25xas long as short
BloFin QQQ-USDT+0.0014%8h741.63−0.067%$1.1M$271K20xas long as short
Coinbase International QQQ-PERP-INTX+0.0016%1h741.37−0.102%$1.2M$489K20xas long as short
Lighter QQQ+0.0032%1h741.82−0.042%$7.7M$15.6M30xas long as short
Lighter RH QQQ+0.0032%1h742.16+0.004%$37.1M$81.4M50xas long as short
Arcus QQQ-USD+0.0040%1h741.10−0.139%$686K$1.6M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h742.96+0.112%$337K50xas long as short
KuCoin QQQUSDTMshort+0.0100%8h741.63−0.067%$3.4M$356K20x
ApeX Omni QQQUSDT+0.0100%1h741.40−0.098%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h741.75−0.051%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h741.29−0.113%$92K$1K10xas long as short
Nado QQQ-PERP+0.0118%1h741.55−0.078%$1.6M$764K20xas long as short
GRVT QQQ_USDT_Perp+0.0119%8h742.00−0.017%$314K$2.0M10xas long as short
Phoenix QQQ+0.0205%1h741.67−0.062%$38K$66K20xas long as short
edgeX QQQUSDC+0.0298%4h741.83−0.040%$758K$336K20xas long as short