QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.88 per $10,000 · paid last 24h −0.003%

Price spread now: BloFin against KuCoin+0.040%50s7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as 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−$420.421% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.336%−$34 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now +0.040%, 7d avg +0.031%

Together, before fees−0.316%−$32 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 50 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	KuCoin QQQUSDTM	741.54	0.0100	pay 0.0100% / 8h	1h 26m	$3.4M	$353K	20x
Short	BloFin QQQ-USDT	741.84	0.0012	get 0.0012% / 8h	1h 26m	$1.1M	$278K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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

Position, each leg$Hold fordaysFee KuCoinbpFee BloFinbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$18.48
Price spread: +0.040% → +0.031%: $0.96
Slippage, 4 orders: −$18.08
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$59.6
Costs to cover: 0.421%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 min ago; BloFin: live order book, 1 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, 11 min ago	1.28 bp	9.0 bp −$9	74.3 bp −$743	doesn't fit	doesn't fit
Sell BloFin live order book, 1 min ago	0.07 bp	6.1 bp −$6	6.7 bp −$67	11.0 bp −$1,104	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 −0.0161% / S +0.0252%	1h	742.09	+0.073%	$25K	—	26x	as long as short
Gate QQQ_USDT	−0.0025%	8h	741.34	−0.027%	$3.3M	$21.5M	50x	as long as short
Aster QQQUSDT	0.0000%	8h	741.97	+0.058%	$823K	$858K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	741.88	+0.046%	$10.5M	$5.2M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	741.75	+0.028%	$21.4M	$28.4M	50x	as long as short
Ondo Perps QQQ-USD.P	0.0000%	1h	740.83	−0.096%	$4.2M	$1.8M	20x	as long as short
RISEx QQQ/USDC	0.0000%	1h	741.76	+0.029%	$5.5M	$6.3M	25x	as long as short
Bitget QQQUSDT	0.0000%	8h	742.09	+0.074%	$16.6M	$5.4M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	741.69	+0.020%	$16.9M	$7.3M	—	as long as short
SunX QQQ-USDT	0.0000%	8h	742.92	+0.186%	$1K	$1.8M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX QQQ-USDT	0.0000%	8h	742.14	+0.081%	$251K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	742.34	+0.108%	$366K	$1.6M	10x	as long as short
Binance QQQUSDT	+0.0003%	8h	742.06	+0.070%	$70.0M	$144.6M	25x	as long as short
BloFin QQQ-USDTshort	+0.0012%	8h	741.84	+0.040%	$1.1M	$278K	20x
Coinbase International QQQ-PERP-INTX	+0.0016%	1h	741.36	−0.024%	$1.2M	$547K	20x	as long as short
Lighter QQQ	+0.0032%	1h	741.78	+0.032%	$7.7M	$15.5M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.18	+0.086%	$37.0M	$80.5M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.13	−0.055%	$686K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.96	+0.191%	—	$337K	50x	as long as short
KuCoin QQQUSDTMlong	+0.0100%	8h	741.54	long leg	$3.4M	$353K	20x
ApeX Omni QQQUSDT	+0.0100%	1h	741.61	+0.009%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.71	+0.023%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.24	−0.040%	$92K	$1K	10x	as long as short
GRVT QQQ_USDT_Perp	+0.0115%	8h	741.97	+0.058%	$322K	$2.0M	10x	as long as short
Nado QQQ-PERP	+0.0132%	1h	741.53	−0.002%	$1.5M	$764K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0155%	1h	741.83	+0.039%	$424K	$154K	20x	as long as short
Phoenix QQQ	+0.0205%	1h	741.80	+0.035%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0865%	4h	741.94	+0.054%	$759K	$333K	20x	as long as short