Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.010%

Price spread now: RISEx against KuCoin+0.015%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$350.355% of the position

Long on KuCoin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.090%+$9 on $10k

Price spread, last 7 days+0.080%+$8 · spread now +0.015%, 7d avg +0.062%

Together, before fees+0.170%+$17 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 RISEx is 0.047% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.062%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.090%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin QQQUSDTM	741.40	0.0100	pay 0.0100% / 8h	31m 58s	$3.4M	$360K	20x
Short	RISEx QQQ/USDC	741.51	0	get 0.0000% / 1h	31m 58s	$5.4M	$6.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$21
Price spread: +0.015% → +0.062%: −$4.72
Slippage, 4 orders: −$17.45
Fee KuCoin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$61.17
Costs to cover: 0.355%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; RISEx: 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, 5 min ago	1.21 bp	8.4 bp −$8	88.6 bp −$886	doesn't fit	doesn't fit
Sell RISEx live order book, 2 min ago	0.20 bp	3.2 bp −$3	3.2 bp −$32	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
Ondo Perps QQQ-USD.P	−0.0173%	1h	740.14	−0.170%	$4.2M	$1.8M	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L −0.0172% / S +0.0261%	1h	741.83	+0.057%	$25K	—	26x	as long as short
Gate QQQ_USDT	−0.0074%	8h	741.40	0.000%	$3.3M	$21.6M	50x	as long as short
Aster QQQUSDT	0.0000%	8h	741.82	+0.057%	$821K	$861K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	741.74	+0.046%	$10.7M	$5.1M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	741.66	+0.035%	$21.4M	$28.4M	50x	as long as short
RISEx QQQ/USDCshort	0.0000%	1h	741.51	+0.015%	$5.4M	$6.3M	25x
Bitget QQQUSDT	0.0000%	8h	741.91	+0.069%	$16.5M	$5.4M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	741.73	+0.045%	$16.8M	$7.2M	—	as long as short
SunX QQQ-USDT	0.0000%	8h	742.32	+0.124%	$2K	$1.8M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX QQQ-USDT	0.0000%	8h	742.04	+0.086%	$251K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	741.98	+0.078%	$361K	$1.6M	10x	as long as short
Binance QQQUSDT	+0.0012%	8h	741.88	+0.065%	$70.2M	$142.0M	25x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0016%	1h	741.51	+0.015%	$1.2M	$491K	20x	as long as short
BloFin QQQ-USDT	+0.0024%	8h	741.52	+0.016%	$1.1M	$274K	20x	as long as short
Lighter QQQ	+0.0032%	1h	741.56	+0.022%	$7.7M	$15.3M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	741.85	+0.061%	$37.3M	$80.2M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.20	−0.027%	$644K	$1.7M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.63	+0.166%	—	$337K	50x	as long as short
KuCoin QQQUSDTMlong	+0.0100%	8h	741.40	long leg	$3.4M	$360K	20x
ApeX Omni QQQUSDT	+0.0100%	1h	741.49	+0.012%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.47	+0.009%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.00	−0.054%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0123%	1h	741.30	−0.014%	$1.6M	$763K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0130%	8h	742.08	+0.092%	$325K	$2.0M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0209%	1h	741.51	+0.015%	$424K	$156K	20x	as long as short
Phoenix QQQ	+0.0227%	1h	741.51	+0.015%	$38K	$65K	20x	as long as short
edgeX QQQUSDC	+0.0600%	4h	741.80	+0.054%	$758K	$335K	20x	as long as short