Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Phemex against KuCoin+0.079%7-day average +0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$910.911% of the position
Funding, last 7 days−0.203%−$20 on $10k
+Price spread, last 4 days (all we have)+0.116%+$12 · spread now +0.079%, 7d avg +0.075%
=The price spread sits at its 7-day average of +0.075%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin QQQUSDTM | 744.22 | 0.0100 | pay 0.0100% / 8h | 5h 01m | $3.4M | $403K | 20x |
| Short | Phemex QQQUSDT | 744.81 | 0 | get 0.0000% / 8h | 5h 01m | $361K | $1.5M | 10x |
KuCoin QQQUSDTM
Phemex QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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: +0.079% → +0.075%
- $0.42
- Slippage, 4 orders
- −$67.05
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$111.63
- Costs to cover
- 0.911%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 6 min ago; Phemex: 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, 6 min ago | 1.54 bp | 7.9 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 2.22 bp | 30.5 bp −$30 | doesn't fit | 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 −0.0116% / S +0.0218% | 1h | 744.53 | +0.042% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0078% | 1h | 743.17 | −0.141% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0010% | 8h | 744.38 | +0.021% | $1.1M | $271K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.44 | +0.029% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.64 | +0.056% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.37 | +0.020% | $21.5M | $26.8M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.63 | +0.056% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.03 | −0.026% | $3.3M | $21.2M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.72 | +0.067% | $16.9M | $5.7M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.92 | +0.094% | $2K | $1.9M | 10x | 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
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 744.78 | +0.075% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDTshort | 0.0000% | 8h | 744.81 | +0.079% | $361K | $1.5M | 10x | |
| Variational Omni QQQ | +0.0018% | 8h | 744.37 | +0.020% | $17.1M | $7.5M | — | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.39 | +0.023% | $7.7M | $17.2M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.83 | +0.082% | $37.1M | $80.8M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 743.92 | −0.040% | $1.2M | $535K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.61 | −0.082% | $695K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.50 | +0.172% | — | $337K | 50x | as long as short |
| Binance QQQUSDT | +0.0050% | 8h | 744.59 | +0.050% | $71.2M | $142.5M | 25x | as long as short |
| Nado QQQ-PERP | +0.0083% | 1h | 744.14 | −0.011% | $1.5M | $876K | 20x | as long as short |
| KuCoin QQQUSDTMlong | +0.0100% | 8h | 744.22 | long leg | $3.4M | $403K | 20x | |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.22 | 0.000% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.24 | +0.003% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.68 | −0.073% | $93K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0113% | 1h | 744.35 | +0.017% | $425K | $149K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0122% | 8h | 744.71 | +0.066% | $322K | $1.9M | 10x | as long as short |
| Phoenix QQQ | +0.0161% | 1h | 744.14 | −0.011% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0453% | 4h | 744.45 | +0.031% | $761K | $335K | 20x | as long as short |
HTX QQQ-USDT
Variational Omni QQQ
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Vest QQQ-USD-PERP
Binance QQQUSDT
Nado QQQ-PERP
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC