Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.023%
Price spread now: Coinbase International against KuCoin+0.005%7-day average −0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$340.341% of the position
Funding, last 7 days+0.032%+$3 on $10k
+Price spread, last 4 days (all we have)+0.063%+$6 · spread now +0.005%, 7d avg −0.023%
=The price spread pays, funding is against you. Coinbase International is 0.029% dearer against KuCoin than usual: you sell high and buy low (spread +0.005% now, against its 7-day average of −0.023%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 23 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin QQQUSDTM | 742.59 | 0.0100 | pay 0.0100% / 8h | 2h 03m | $3.4M | $365K | 20x |
| Short | Coinbase International QQQ-PERP-INTX | 742.63 | 0 | get 0.0000% / 1h | 3m 49s | $1.2M | $542K | 20x |
KuCoin QQQUSDTM
Coinbase International QQQ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$21
- Price spread: +0.005% → −0.023%
- $2.87
- Slippage, 4 orders
- −$12.14
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$52.27
- Costs to cover
- 0.341%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 min ago; Coinbase International: 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 | 2.09 bp | 8.4 bp −$8 | 81.0 bp −$810 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 0.07 bp | 5.5 bp −$6 | 7.5 bp −$75 | 50.8 bp −$5,085 | 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 −0.0153% / S +0.0246% | 1h | 742.96 | +0.049% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0009% | 1h | 741.84 | −0.101% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.56 | −0.004% | $824K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 742.91 | +0.043% | $70.3M | $145.3M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.90 | +0.042% | $10.6M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.65 | +0.008% | $21.5M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.87 | +0.038% | $5.4M | $6.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.21 | −0.051% | $3.3M | $21.4M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.99 | +0.054% | $16.6M | $5.6M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 742.98 | +0.053% | $16.9M | $7.3M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 743.47 | +0.119% | $2K | $1.8M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTXshort | 0.0000% | 1h | 742.63 | +0.005% | $1.2M | $542K | 20x | |
| HTX QQQ-USDT | 0.0000% | 8h | 743.32 | +0.098% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.96 | +0.050% | $363K | $1.6M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0027% | 8h | 742.82 | +0.031% | $1.1M | $278K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.62 | +0.004% | $7.6M | $15.8M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.03 | +0.059% | $37.0M | $81.0M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.14 | −0.061% | $689K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.86 | +0.171% | — | $337K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0087% | 1h | 742.62 | +0.004% | $424K | $153K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0097% | 8h | 743.30 | +0.096% | $315K | $2.0M | 10x | as long as short |
| KuCoin QQQUSDTMlong | +0.0100% | 8h | 742.59 | long leg | $3.4M | $365K | 20x | |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.73 | +0.019% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.65 | +0.008% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.14 | −0.061% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0122% | 1h | 742.58 | −0.001% | $1.5M | $749K | 20x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 742.79 | +0.027% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0567% | 4h | 743.11 | +0.070% | $760K | $335K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC