QQQ

Alert: funding

Alert: spread

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: KuCoin against Phemex−0.077%50s7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as 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−$910.911% of the position

Long on Phemex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.203%+$20 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now −0.077%, 7d avg −0.075%

Together, before fees+0.084%+$8 on $10k · with fees, hour by hour

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. The two prices were read 50 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	Phemex QQQUSDT	744.81	0	get 0.0000% / 8h	5h 01m	$361K	$1.5M	10x
Short	KuCoin QQQUSDTM	744.24	0.0100	get 0.0100% / 8h	5h 01m	$3.4M	$403K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Phemex. 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 PhemexbpFee KuCoinbpOrdersPrice spread, now −0.077%Rate

Funding earned: $21
Price spread: −0.077% → −0.075%: −$0.15
Slippage, 4 orders: −$67.05
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$70.2
Costs to cover: 0.911%
Break-even: 30.4 days

Slippage from Phemex: live order book, 1 min ago; KuCoin: live order book, 6 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 Phemex live order book, 1 min ago	2.22 bp	35.0 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	1.54 bp	17.7 bp −$18	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	−0.037%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0078%	1h	743.17	−0.220%	$4.2M	$1.8M	20x	as long as short
BloFin QQQ-USDT	−0.0010%	8h	744.38	−0.058%	$1.1M	$271K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	744.44	−0.050%	$841K	$714K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.66	−0.020%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.37	−0.059%	$21.5M	$26.8M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	744.63	−0.023%	$5.4M	$7.5M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	744.03	−0.105%	$3.3M	$21.2M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	744.72	−0.012%	$16.9M	$5.7M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	744.92	+0.015%	$2K	$1.9M	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	744.78	−0.004%	$257K	$29K	30x	as long as short
Phemex QQQUSDTlong	0.0000%	8h	744.81	long leg	$361K	$1.5M	10x
Variational Omni QQQ	+0.0018%	8h	744.37	−0.059%	$17.1M	$7.5M	—	as long as short
Lighter QQQ	+0.0032%	1h	744.39	−0.056%	$7.7M	$17.2M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.83	+0.003%	$37.1M	$80.8M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0032%	1h	743.92	−0.119%	$1.2M	$535K	20x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.61	−0.161%	$695K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.54	+0.098%	—	$337K	50x	as long as short
Binance QQQUSDT	+0.0050%	8h	744.59	−0.030%	$71.2M	$142.5M	25x	as long as short
Nado QQQ-PERP	+0.0083%	1h	744.21	−0.081%	$1.5M	$876K	20x	as long as short
KuCoin QQQUSDTMshort	+0.0100%	8h	744.24	−0.077%	$3.4M	$403K	20x
ApeX Omni QQQUSDT	+0.0100%	1h	744.13	−0.091%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.24	−0.077%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.68	−0.152%	$93K	$1K	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0113%	1h	744.35	−0.062%	$425K	$149K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0121%	8h	744.58	−0.031%	$322K	$1.9M	10x	as long as short
Phoenix QQQ	+0.0161%	1h	744.14	−0.090%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0453%	4h	744.45	−0.048%	$761K	$335K	20x	as long as short