Funding you earn now, next payment 06:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.023%
Price spread now: KuCoin against Coinbase International−0.011%51s7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$400.404% of the position
Funding, last 7 days−0.032%−$3 on $10k
+Price spread, last 4 days (all we have)−0.046%−$5 · spread now −0.011%, 7d avg +0.023%
=Funding pays, the price is against you. KuCoin is 0.034% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.011% now, against its 7-day average of +0.023%). If the spread goes back, that is −$3 on $10k: about 32 hours of funding at the current rate (+$3 a day). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International QQQ-PERP-INTX | 741.73 | 0.0016 | pay 0.0002% / 1h | 44m 25s | $1.2M | $550K | 20x |
| Short | KuCoin QQQUSDTM | 741.65 | 0.0100 | get 0.0100% / 8h | 1h 44m | $3.4M | $350K | 20x |
Coinbase International QQQ-PERP-INTX
KuCoin QQQUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Coinbase International. 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
- $17.64
- Price spread: −0.011% → +0.023%
- −$3.4
- Slippage, 4 orders
- −$18.38
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$26.14
- Costs to cover
- 0.404%
- Break-even
- 17.4 days
Slippage from Coinbase International: live order book, 4 min ago; KuCoin: live order book, 3 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 Coinbase International live order book, 4 min ago | 0.07 bp | 5.9 bp −$6 | 7.7 bp −$77 | 37.4 bp −$3,740 | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 1.75 bp | 19.5 bp −$20 | 124.1 bp −$1,241 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX QQQ/USD [ETH-USDC] | L −0.0157% / S +0.0250% | 1h | 742.05 | +0.044% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0034% | 1h | 740.78 | −0.128% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.97 | +0.032% | $823K | $858K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.97 | +0.032% | $10.5M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.84 | +0.015% | $21.5M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.87 | +0.019% | $5.4M | $6.3M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.34 | −0.053% | $3.3M | $21.5M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.11 | +0.051% | $16.6M | $5.6M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.92 | +0.025% | $16.9M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.51 | +0.105% | $2K | $1.8M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 742.64 | +0.123% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.33 | +0.081% | $362K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0001% | 8h | 742.04 | +0.041% | $70.1M | $145.5M | 25x | as long as short |
| BloFin QQQ-USDT | +0.0012% | 8h | 741.74 | +0.001% | $1.1M | $278K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTXlong | +0.0016% | 1h | 741.73 | long leg | $1.2M | $550K | 20x | |
| Lighter QQQ | +0.0032% | 1h | 741.76 | +0.004% | $7.6M | $15.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0040% | 1h | 742.15 | +0.057% | $36.9M | $79.9M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.11 | −0.084% | $686K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.90 | +0.158% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTMshort | +0.0100% | 8h | 741.65 | −0.011% | $3.4M | $350K | 20x | |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.61 | −0.016% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.72 | −0.001% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.24 | −0.066% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0109% | 8h | 742.27 | +0.073% | $318K | $2.0M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0128% | 1h | 741.72 | −0.001% | $424K | $154K | 20x | as long as short |
| Nado QQQ-PERP | +0.0144% | 1h | 741.46 | −0.036% | $1.5M | $758K | 20x | as long as short |
| Phoenix QQQ | +0.0205% | 1h | 741.77 | +0.005% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0419% | 4h | 742.03 | +0.040% | $759K | $336K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Deribit QQQ_USDC-PERPETUAL
Nado QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC