Funding you earn now, next payment 08:00 UTC−0.0192%/8h= −21.0% APRnext payment −$1.92 per $10,000 · paid last 24h −0.030%
Price spread now: Gate against KuCoin−0.022%7-day average +0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$500.503% of the position
Funding, last 7 days−0.214%−$21 on $10k
+Price spread, last 7 days+0.167%+$17 · spread now −0.022%, 7d avg +0.037%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Gate is 0.058% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.037%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin QQQUSDTM | 741.49 | 0.0100 | pay 0.0100% / 8h | 12m 37s | $3.4M | $351K | 20x |
| Short | Gate QQQ_USDT | 741.33 | −0.0092 | pay 0.0092% / 8h | 12m 37s | $3.3M | $21.7M | 50x |
KuCoin QQQUSDTM
Gate QQQ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$40.32
- Price spread: −0.022% → +0.037%
- −$5.81
- Slippage, 4 orders
- −$23.28
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$96.41
- Costs to cover
- 0.503%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Gate: 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, 5 min ago | 1.62 bp | 7.8 bp −$8 | 84.0 bp −$840 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 2.16 bp | 9.8 bp −$10 | 12.8 bp −$128 | doesn't fit | 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 −0.0176% / S +0.0264% | 1h | 741.87 | +0.051% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0150% | 1h | 741.01 | −0.065% | $4.2M | $1.8M | 20x | as long as short |
| Gate QQQ_USDTshort | −0.0092% | 8h | 741.33 | −0.022% | $3.3M | $21.7M | 50x | |
| BloFin QQQ-USDT | −0.0023% | 8h | 741.73 | +0.032% | $1.1M | $274K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.90 | +0.056% | $824K | $863K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.90 | +0.055% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.73 | +0.032% | $21.5M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.71 | +0.029% | $5.4M | $5.9M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.03 | +0.073% | $16.5M | $5.3M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.75 | +0.035% | $16.8M | $7.2M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
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 | 742.24 | +0.101% | $2K | $1.7M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.05 | +0.076% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.37 | +0.119% | $361K | $1.6M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.15 | −0.046% | $1.2M | $488K | 20x | as long as short |
| Binance QQQUSDT | +0.0023% | 8h | 741.91 | +0.057% | $70.3M | $140.9M | 25x | as long as short |
| edgeX QQQUSDC | +0.0027% | 4h | 741.76 | +0.036% | $758K | $337K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.72 | +0.031% | $7.7M | $15.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.03 | +0.073% | $37.2M | $81.1M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 740.99 | −0.067% | $647K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.90 | +0.190% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTMlong | +0.0100% | 8h | 741.49 | long leg | $3.4M | $351K | 20x | |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.34 | −0.020% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.81 | +0.043% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.31 | −0.024% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0138% | 1h | 741.47 | −0.003% | $1.6M | $748K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0143% | 8h | 741.98 | +0.066% | $314K | $2.0M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0168% | 1h | 741.84 | +0.047% | $424K | $156K | 20x | as long as short |
| Phoenix QQQ | +0.0227% | 1h | 741.64 | +0.020% | $38K | $65K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
edgeX QQQUSDC
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Deribit QQQ_USDC-PERPETUAL
Phoenix QQQ