Funding you earn now, next payment 00:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.01 per $10,000 · paid last 24h −0.025%
Price spread now: Bybit against KuCoin+0.055%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$340.342% of the position
Funding, last 7 days−0.166%−$17 on $10k
+Price spread, last 7 days+0.030%+$3 · spread now +0.055%, 7d avg +0.066%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin QQQUSDTM | 743.17 | 0.0100 | pay 0.0100% / 8h | 17m 55s | $3.4M | $416K | 20x |
| Short | Bybit QQQUSDT | 743.58 | 0.0101 | get 0.0101% / 8h | 17m 55s | $10.7M | $5.2M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0.2
- Price spread: +0.055% → +0.066%
- −$1.13
- Slippage, 4 orders
- −$11.23
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$35.16
- Costs to cover
- 0.342%
- Break-even
- 1253.8 days
Slippage from KuCoin: live order book, 4 min ago; Bybit: live order book, 5 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, 4 min ago | 1.08 bp | 7.8 bp −$8 | 81.0 bp −$810 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.07 bp | 7.3 bp −$7 | 9.6 bp −$96 | 39.3 bp −$3,930 | 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 −0.0076% / S +0.0186% | 1h | 743.60 | +0.057% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0019% | 1h | 742.08 | −0.147% | $4.2M | $2.1M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0016% | 8h | 743.09 | −0.011% | $1.1M | $320K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.36 | +0.026% | $845K | $783K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.44 | +0.036% | $21.6M | $27.8M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.24 | +0.009% | $3.1M | $32.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.02 | +0.114% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.13 | −0.005% | $257K | $25K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.03 | +0.116% | $360K | $1.4M | 10x | as long as short |
| Lighter RH QQQ | +0.0040% | 1h | 743.79 | +0.083% | $37.5M | $80.4M | 50x | as long as short |
Show all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus QQQ-USD | +0.0040% | 1h | 742.81 | −0.048% | $694K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.06 | +0.120% | — | $621K | 50x | as long as short |
| Variational Omni QQQ | +0.0046% | 8h | 743.32 | +0.021% | $17.6M | $10.3M | — | as long as short |
| Lighter QQQ | +0.0064% | 1h | 743.47 | +0.040% | $7.6M | $20.9M | 30x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0072% | 1h | 742.85 | −0.043% | $1.2M | $865K | 20x | as long as short |
| Binance QQQUSDT | +0.0076% | 8h | 743.63 | +0.062% | $71.1M | $160.6M | 25x | as long as short |
| KuCoin QQQUSDTMlong | +0.0100% | 8h | 743.17 | long leg | $3.4M | $416K | 20x | |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.93 | −0.032% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.29 | +0.016% | $12K | $21K | 20x | as long as short |
| Bybit QQQUSDTshort | +0.0101% | 8h | 743.58 | +0.055% | $10.7M | $5.2M | 50x | |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.84 | −0.045% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0173% | 1h | 743.17 | 0.000% | $1.5M | $1.3M | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0181% | 1h | 743.42 | +0.034% | $425K | $164K | 20x | as long as short |
| Bitget QQQUSDT | +0.0183% | 8h | 743.57 | +0.054% | $16.9M | $7.0M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0190% | 8h | 743.54 | +0.049% | $323K | $1.8M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0193% | 1h | 743.70 | +0.071% | $5.4M | $8.9M | 25x | as long as short |
| Phoenix QQQ | +0.0194% | 1h | 743.09 | −0.011% | $38K | $73K | 20x | as long as short |
| edgeX QQQUSDC | +0.0447% | 4h | 743.32 | +0.021% | $760K | $336K | 20x | as long as short |
KuCoin QQQUSDTM
Bybit QQQUSDT
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Lighter RH QQQ
Variational Omni QQQ
Lighter QQQ
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
ApeX Omni QQQUSDT
Deribit QQQ_USDC-PERPETUAL
Bitget QQQUSDT
GRVT QQQ_USDT_Perp
RISEx QQQ/USDC
Phoenix QQQ
edgeX QQQUSDC