QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: OKX against KuCoin+0.004%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$310.310% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.173%−$17 on $10k

Price spread, last 7 days+0.093%+$9 · spread now +0.004%, 7d avg +0.052%

Together, before fees−0.080%−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.048% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.052%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin QQQUSDTM	739.80	0.0100	pay 0.0100% / 8h	7h 36m	$3.4M	$380K	20x
Short	OKX QQQ-USDT-SWAP	739.83	0	get 0.0000% / 8h	7h 36m	$21.6M	$28.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee KuCoinbpFee OKXbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$21
Price spread: +0.004% → +0.052%: −$4.77
Slippage, 4 orders: −$9.01
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$56.78
Costs to cover: 0.310%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 min ago; OKX: live order book, 2 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, 11 min ago	1.82 bp	9.5 bp −$10	83.6 bp −$836	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.07 bp	5.1 bp −$5	6.3 bp −$63	12.6 bp −$1,255	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 −0.0184% / S +0.0270%	1h	740.39	+0.080%	$25K	—	26x	as long as short
Aster QQQUSDT	0.0000%	8h	740.24	+0.059%	$822K	$865K	20x	as long as short
OKX QQQ-USDT-SWAPshort	0.0000%	8h	739.83	+0.004%	$21.6M	$28.2M	50x
RISEx QQQ/USDC	0.0000%	1h	740.14	+0.047%	$5.4M	$5.7M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	739.69	−0.015%	$3.4M	$20.6M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	740.36	+0.076%	$16.5M	$5.1M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	740.83	+0.139%	$1K	$1.7M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	740.70	+0.122%	$250K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	740.83	+0.139%	$365K	$1.6M	10x	as long as short
Variational Omni QQQ	+0.0001%	8h	740.33	+0.072%	$16.7M	$7.2M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin QQQ-USDT	+0.0006%	8h	740.22	+0.057%	$1.1M	$274K	20x	as long as short
edgeX QQQUSDC	+0.0010%	4h	740.44	+0.087%	$757K	$335K	20x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0024%	1h	739.68	−0.016%	$1.2M	$492K	20x	as long as short
Bybit QQQUSDT	+0.0025%	8h	740.21	+0.055%	$10.7M	$5.0M	50x	as long as short
Binance QQQUSDT	+0.0031%	8h	740.17	+0.050%	$70.0M	$139.5M	25x	as long as short
Lighter QQQ	+0.0032%	1h	739.81	+0.001%	$7.6M	$15.2M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	740.27	+0.064%	$37.5M	$79.5M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	739.56	−0.032%	$646K	$1.7M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	741.26	+0.197%	—	$337K	50x	as long as short
Ondo Perps QQQ-USD.P	+0.0050%	1h	739.24	−0.076%	$4.2M	$1.8M	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0061%	1h	740.07	+0.036%	$423K	$157K	20x	as long as short
KuCoin QQQUSDTMlong	+0.0100%	8h	739.80	long leg	$3.4M	$380K	20x
ApeX Omni QQQUSDT	+0.0100%	1h	739.90	+0.014%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	740.09	+0.039%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	739.58	−0.030%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0150%	1h	739.96	+0.022%	$1.6M	$742K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0184%	8h	740.55	+0.101%	$326K	$2.0M	10x	as long as short
Phoenix QQQ	+0.0248%	1h	740.22	+0.057%	$38K	$65K	20x	as long as short