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

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment $0.00 per $10,000 · paid last 24h +0.025%
Price spread now: KuCoin against Bybit−0.069%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$370.372% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.166%+$17 on $10k
Price spread, last 7 days−0.016%−$2 · spread now −0.069%, 7d avg −0.066%
Together, before fees+0.150%+$15 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit QQQUSDT743.440.0100pay 0.0100% / 8h40m 41s$10.7M$5.2M50x
ShortKuCoin QQQUSDTM742.930.0100get 0.0100% / 8h40m 41s$3.4M$423K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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
−$0.08
Price spread: −0.069% → −0.066%
−$0.22
Slippage, 4 orders
−$14.2
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$37.49
Costs to cover
0.372%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 2 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 Bybit live order book, 3 min ago0.07 bp7.5 bp −$812.1 bp −$12177.3 bp −$7,727doesn't fit
Sell KuCoin live order book, 2 min ago2.29 bp13.1 bp −$13125.0 bp −$1,250doesn'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 −0.0071% / S +0.0182%1h743.39−0.006%$25K26xas long as short
BloFin QQQ-USDT−0.0023%8h743.09−0.047%$1.0M$469K20xas long as short
OKX QQQ-USDT-SWAP0.0000%8h743.20−0.032%$21.6M$27.8M50xas long as short
Gate QQQ_USDT0.0000%8h742.83−0.082%$3.1M$32.8M50xas long as short
SunX QQQ-USDT0.0000%8h743.80+0.048%$2K$2.3M10xas long as short
HTX QQQ-USDT0.0000%8h743.15−0.039%$257K$26K30xas long as short
Phemex QQQUSDT0.0000%8h743.96+0.070%$360K$1.4M10xas long as short
Aster QQQUSDT+0.0001%8h743.35−0.012%$841K$783K20xas long as short
Arcus QQQ-USD+0.0040%1h742.70−0.100%$738K$1.4M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h743.82+0.051%$621K50xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH QQQ+0.0048%1h743.57+0.017%$37.6M$79.2M50xas long as short
Variational Omni QQQ+0.0049%8h743.31−0.017%$17.6M$10.3Mas long as short
Ondo Perps QQQ-USD.P+0.0050%1h742.20−0.167%$4.2M$2.1M20xas long as short
Coinbase International QQQ-PERP-INTX+0.0072%1h742.80−0.086%$1.2M$866K20xas long as short
Binance QQQUSDT+0.0080%8h743.36−0.011%$71.0M$160.6M25xas long as short
Lighter QQQ+0.0080%1h743.23−0.028%$7.6M$20.9M30xas long as short
KuCoin QQQUSDTMshort+0.0100%8h742.93−0.069%$3.4M$423K20x
ApeX Omni QQQUSDT+0.0100%1h742.92−0.070%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h743.10−0.046%$12K$21K20xas long as short
Bybit QQQUSDTlong+0.0100%8h743.44long leg$10.7M$5.2M50x
Aevo QQQ-PERP+0.0104%1h742.63−0.108%$92K$1K10xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0113%1h743.07−0.050%$424K$173K20xas long as short
Nado QQQ-PERP+0.0180%1h742.75−0.092%$1.5M$1.3M20xas long as short
GRVT QQQ_USDT_Perp+0.0192%8h743.56+0.017%$323K$1.8M10xas long as short
RISEx QQQ/USDC+0.0193%1h743.48+0.005%$5.4M$8.9M25xas long as short
Bitget QQQUSDT+0.0193%8h743.39−0.007%$16.9M$7.1M20xas long as short
Phoenix QQQ+0.0194%1h743.04−0.054%$38K$73K20xas long as short
edgeX QQQUSDC+0.0269%4h743.440.000%$760K$338K20xas long as short