Funding arb · Price arb /

QQQ

RWAall QQQ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0068%/8h= −7.5% APRpaid last 24h −0.032%

Price spread now: KuCoin against RISEx−0.041%7-day average −0.064% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on RISEx Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.088%−$9 on $10k

Price spread, last 7 days−0.043%−$4 · spread now −0.041%, 7d avg −0.064%

Together, before fees−0.131%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.023% dearer against RISEx than usual: you sell high and buy low (spread −0.041% now, against its 7-day average of −0.064%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx QQQ/USDC	744.15	0.0168	pay 0.0021% / 1h	34m 19s	$5.4M	$8.1M	25x
Short	KuCoin QQQUSDTM	743.84	0.0100	get 0.0100% / 8h	6h 34m	$3.4M	$405K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against RISEx. 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 RISExbpFee KuCoinbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$14.29
Price spread: −0.041% → −0.064%: $2.27
Slippage, 4 orders: −$8.71
Fee RISEx: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$38.73
Costs to cover: 0.267%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; KuCoin: live order book, 8 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 RISEx live order book, 5 min ago	0.27 bp	3.4 bp −$3	4.0 bp −$40	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	1.68 bp	12.1 bp −$12	119.0 bp −$1,190	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	−0.0159%	1h	742.98	−0.157%	$4.2M	$1.9M	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L −0.0097% / S +0.0203%	1h	744.09	−0.008%	$25K	—	26x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.03	−0.016%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	743.95	−0.026%	$21.5M	$25.6M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	743.67	−0.064%	$3.3M	$21.9M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	744.54	+0.053%	$2K	$2.1M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	744.08	−0.009%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	744.32	+0.023%	$361K	$1.4M	10x	as long as short
Aster QQQUSDT	+0.0008%	8h	744.08	−0.008%	$841K	$712K	20x	as long as short
BloFin QQQ-USDT	+0.0026%	8h	744.31	+0.022%	$1.1M	$319K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter QQQ	+0.0032%	1h	743.87	−0.037%	$7.8M	$17.7M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.33	+0.025%	$37.4M	$79.8M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.15	−0.134%	$703K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.04	+0.120%	—	$337K	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0048%	1h	743.40	−0.100%	$1.2M	$536K	20x	as long as short
Variational Omni QQQ	+0.0062%	8h	743.95	−0.026%	$17.1M	$7.6M	—	as long as short
Bitget QQQUSDT	+0.0062%	8h	744.13	−0.002%	$16.9M	$5.9M	20x	as long as short
Binance QQQUSDT	+0.0085%	8h	744.08	−0.009%	$71.1M	$147.6M	25x	as long as short
KuCoin QQQUSDTMshort	+0.0100%	8h	743.84	−0.041%	$3.4M	$405K	20x
ApeX Omni QQQUSDT	+0.0100%	1h	743.62	−0.071%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	743.81	−0.045%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.30	−0.114%	$93K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0121%	1h	743.79	−0.047%	$1.5M	$1.0M	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0127%	1h	743.88	−0.036%	$425K	$148K	20x	as long as short
RISEx QQQ/USDClong	+0.0168%	1h	744.15	long leg	$5.4M	$8.1M	25x
Phoenix QQQ	+0.0183%	1h	743.66	−0.065%	$38K	$66K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0230%	8h	744.26	+0.016%	$318K	$1.8M	10x	as long as short
edgeX QQQUSDC	+0.0751%	4h	743.92	−0.030%	$761K	$334K	20x	as long as short