Funding you earn now, next payment 08:00 UTC−0.0097%/8h= −10.6% APRnext payment −$0.97 per $10,000 · paid last 24h −0.004%
Price spread now: Binance against KuCoin+0.060%7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$330.327% of the position
Funding, last 7 days−0.235%−$23 on $10k
+Price spread, last 7 days+0.069%+$7 · spread now +0.060%, 7d avg +0.057%
=The price spread sits at its 7-day average of +0.057%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin QQQUSDTM | 741.47 | 0.0100 | pay 0.0100% / 8h | 1h 25m | $3.4M | $353K | 20x |
| Short | Binance QQQUSDT | 741.92 | 0.0003 | get 0.0003% / 8h | 1h 25m | $70.0M | $144.6M | 25x |
KuCoin QQQUSDTM
Binance QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- −$20.38
- Price spread: +0.060% → +0.057%
- $0.29
- Slippage, 4 orders
- −$10.73
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$52.82
- Costs to cover
- 0.327%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Binance: 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 KuCoin live order book, 2 min ago | 1.48 bp | 9.1 bp −$9 | 82.7 bp −$827 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.07 bp | 5.1 bp −$5 | 6.0 bp −$60 | 10.6 bp −$1,062 | 26.4 bp −$13.2K |
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 −0.0161% / S +0.0252% | 1h | 742.09 | +0.083% | $25K | — | 26x | as long as short |
| Gate QQQ_USDT | −0.0027% | 8h | 741.28 | −0.026% | $3.3M | $21.5M | 50x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.89 | +0.057% | $823K | $858K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.88 | +0.055% | $10.5M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.76 | +0.039% | $21.4M | $28.4M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.76 | +0.039% | $5.5M | $6.3M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.02 | +0.074% | $16.6M | $5.4M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.98 | +0.068% | $16.9M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.83 | +0.183% | $2K | $1.8M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.14 | +0.090% | $251K | $41K | 30x | as long as short |
GMX QQQ/USD [ETH-USDC]
Gate QQQ_USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Bitget QQQUSDT
Variational Omni QQQ
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 | 742.15 | +0.092% | $365K | $1.6M | 10x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0002% | 1h | 741.10 | −0.050% | $4.2M | $1.8M | 20x | as long as short |
| Binance QQQUSDTshort | +0.0003% | 8h | 741.92 | +0.060% | $70.0M | $144.6M | 25x | |
| BloFin QQQ-USDT | +0.0004% | 8h | 741.75 | +0.038% | $1.1M | $271K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.55 | +0.011% | $1.2M | $550K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.72 | +0.034% | $7.7M | $15.5M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.09 | +0.084% | $37.0M | $80.6M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.16 | −0.042% | $686K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.94 | +0.198% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTMlong | +0.0100% | 8h | 741.47 | long leg | $3.4M | $353K | 20x | |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.57 | +0.013% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.68 | +0.028% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.20 | −0.036% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0116% | 8h | 742.17 | +0.094% | $322K | $2.0M | 10x | as long as short |
| Nado QQQ-PERP | +0.0132% | 1h | 741.66 | +0.026% | $1.5M | $764K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0141% | 1h | 741.68 | +0.028% | $424K | $154K | 20x | as long as short |
| Phoenix QQQ | +0.0205% | 1h | 741.63 | +0.022% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0573% | 4h | 741.92 | +0.061% | $759K | $334K | 20x | as long as short |
Phemex QQQUSDT
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Coinbase International QQQ-PERP-INTX
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
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
Phoenix QQQ
edgeX QQQUSDC