Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: HTX against KuCoin+0.005%51s7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as 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−$500.504% of the position
Funding, last 7 days−0.197%−$20 on $10k
+Price spread, last 3 days (all we have)+0.015%+$1 · spread now +0.005%, 7d avg +0.063%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and HTX 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 +0.063%). Swap the legs. The two prices were read 51 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 | 743.09 | 0.0100 | pay 0.0100% / 8h | 12m 27s | $3.4M | $415K | 20x |
| Short | HTX QQQ-USDT | 743.13 | 0 | get 0.0000% / 8h | 12m 27s | $257K | $25K | 30x |
KuCoin QQQUSDTM
HTX QQQ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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% → +0.063%
- −$5.77
- Slippage, 4 orders
- −$26.41
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$77.18
- Costs to cover
- 0.504%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; HTX: live order book, 64 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 | 1.35 bp | 9.2 bp −$9 | 80.3 bp −$803 | doesn't fit | doesn't fit |
| Sell HTX live order book, 64 min ago | 2.69 bp | 8.7 bp −$9 | 15.5 bp −$155 | 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 −0.0077% / S +0.0187% | 1h | 743.50 | +0.056% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0052% | 1h | 742.08 | −0.136% | $4.2M | $2.1M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0002% | 8h | 743.09 | 0.000% | $1.1M | $320K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.51 | +0.057% | $845K | $784K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.44 | +0.047% | $21.6M | $27.5M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.31 | +0.030% | $3.1M | $32.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.02 | +0.125% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDTshort | 0.0000% | 8h | 743.13 | +0.005% | $257K | $25K | 30x | |
| Phemex QQQUSDT | 0.0000% | 8h | 743.97 | +0.118% | $363K | $1.4M | 10x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.74 | +0.087% | $37.4M | $80.9M | 50x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
Phemex QQQUSDT
Lighter RH QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus QQQ-USD | +0.0040% | 1h | 742.88 | −0.028% | $747K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.03 | +0.126% | — | $621K | 50x | as long as short |
| Variational Omni QQQ | +0.0046% | 8h | 743.47 | +0.051% | $17.6M | $10.3M | — | as long as short |
| Lighter QQQ | +0.0064% | 1h | 743.42 | +0.044% | $7.6M | $20.9M | 30x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0072% | 1h | 743.11 | +0.003% | $1.2M | $866K | 20x | as long as short |
| Binance QQQUSDT | +0.0076% | 8h | 743.60 | +0.069% | $71.1M | $160.7M | 25x | as long as short |
| KuCoin QQQUSDTMlong | +0.0100% | 8h | 743.09 | long leg | $3.4M | $415K | 20x | |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.07 | −0.003% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.29 | +0.027% | $12K | $21K | 20x | as long as short |
| Bybit QQQUSDT | +0.0101% | 8h | 743.57 | +0.065% | $10.7M | $5.1M | 50x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.83 | −0.036% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0173% | 1h | 743.13 | +0.005% | $1.5M | $1.3M | 20x | as long as short |
| Bitget QQQUSDT | +0.0180% | 8h | 743.60 | +0.069% | $16.9M | $7.0M | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0181% | 1h | 743.26 | +0.023% | $425K | $157K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0191% | 8h | 743.70 | +0.082% | $323K | $1.8M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0193% | 1h | 743.59 | +0.067% | $5.6M | $9.0M | 25x | as long as short |
| Phoenix QQQ | +0.0194% | 1h | 743.06 | −0.004% | $38K | $73K | 20x | as long as short |
| edgeX QQQUSDC | +0.0546% | 4h | 743.47 | +0.051% | $760K | $337K | 20x | as long as short |
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Lighter QQQ
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Bybit QQQUSDT
Aevo QQQ-PERP
Nado QQQ-PERP
Bitget QQQUSDT
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
RISEx QQQ/USDC
Phoenix QQQ
edgeX QQQUSDC