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

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
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
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+0.030%+$3 · spread now +0.055%, 7d avg +0.066%
Together, before fees−0.136%−$14 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin QQQUSDTM743.170.0100pay 0.0100% / 8h17m 55s$3.4M$416K20x
ShortBybit QQQUSDT743.580.0101get 0.0101% / 8h17m 55s$10.7M$5.2M50x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 4 min ago1.08 bp7.8 bp −$881.0 bp −$810doesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago0.07 bp7.3 bp −$79.6 bp −$9639.3 bp −$3,930doesn'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 −0.0076% / S +0.0186%1h743.60+0.057%$25K26xas long as short
Ondo Perps QQQ-USD.P−0.0019%1h742.08−0.147%$4.2M$2.1M20xas long as short
BloFin QQQ-USDT−0.0016%8h743.09−0.011%$1.1M$320K20xas long as short
Aster QQQUSDT0.0000%8h743.36+0.026%$845K$783K20xas long as short
OKX QQQ-USDT-SWAP0.0000%8h743.44+0.036%$21.6M$27.8M50xas long as short
Gate QQQ_USDT0.0000%8h743.24+0.009%$3.1M$32.8M50xas long as short
SunX QQQ-USDT0.0000%8h744.02+0.114%$2K$2.3M10xas long as short
HTX QQQ-USDT0.0000%8h743.13−0.005%$257K$25K30xas long as short
Phemex QQQUSDT0.0000%8h744.03+0.116%$360K$1.4M10xas long as short
Lighter RH QQQ+0.0040%1h743.79+0.083%$37.5M$80.4M50xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus QQQ-USD+0.0040%1h742.81−0.048%$694K$1.5M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h744.06+0.120%$621K50xas long as short
Variational Omni QQQ+0.0046%8h743.32+0.021%$17.6M$10.3Mas long as short
Lighter QQQ+0.0064%1h743.47+0.040%$7.6M$20.9M30xas long as short
Coinbase International QQQ-PERP-INTX+0.0072%1h742.85−0.043%$1.2M$865K20xas long as short
Binance QQQUSDT+0.0076%8h743.63+0.062%$71.1M$160.6M25xas long as short
KuCoin QQQUSDTMlong+0.0100%8h743.17long leg$3.4M$416K20x
ApeX Omni QQQUSDT+0.0100%1h742.93−0.032%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h743.29+0.016%$12K$21K20xas long as short
Bybit QQQUSDTshort+0.0101%8h743.58+0.055%$10.7M$5.2M50x
Aevo QQQ-PERP+0.0104%1h742.84−0.045%$92K$1K10xas long as short
Nado QQQ-PERP+0.0173%1h743.170.000%$1.5M$1.3M20xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0181%1h743.42+0.034%$425K$164K20xas long as short
Bitget QQQUSDT+0.0183%8h743.57+0.054%$16.9M$7.0M20xas long as short
GRVT QQQ_USDT_Perp+0.0190%8h743.54+0.049%$323K$1.8M10xas long as short
RISEx QQQ/USDC+0.0193%1h743.70+0.071%$5.4M$8.9M25xas long as short
Phoenix QQQ+0.0194%1h743.09−0.011%$38K$73K20xas long as short
edgeX QQQUSDC+0.0447%4h743.32+0.021%$760K$336K20xas long as short