Settings8H · net · $10k
Funding arb · Price arb /

QQQ

RWAall QQQ markets
SwapBacktest
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 +0.010%
Price spread now: KuCoin against Variational Omni−0.065%7-day average −0.044% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.071%+$7 on $10k
Price spread, last 7 days−0.048%−$5 · spread now −0.065%, 7d avg −0.044%
Together, before fees+0.023%+ Points / potential airdropVariational Omni: Active · farm board+$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.021% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of −0.044%). If the spread goes back, that is −$2 on $10k: about 17 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni QQQ741.750get 0.0000% / 8h11m 32s$16.8M$7.2M
ShortKuCoin QQQUSDTM741.270.0100get 0.0100% / 8h11m 32s$3.4M$351K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Variational Omni. 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

Funding earned
$21
Price spread: −0.065% → −0.044%
−$2.09
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$6.91
Costs to cover
0.120%
Break-even
4.7 days
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; KuCoin: live order book, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 3 min ago1.89 bpdoesn't fit4.2 bp −$42doesn't fitdoesn't fit
Sell KuCoin live order book, 6 min ago1.62 bp20.5 bp −$20130.5 bp −$1,305doesn't fitdoesn't fit

QQQ on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX QQQ/USD [ETH-USDC]L −0.0176% / S +0.0264%1h741.88+0.018%$25K26xas long as short
Ondo Perps QQQ-USD.P−0.0147%1h740.60−0.155%$4.2M$1.8M20xas long as short
Gate QQQ_USDT−0.0093%8h741.25−0.067%$3.3M$21.7M50xas long as short
BloFin QQQ-USDT−0.0023%8h741.73−0.003%$1.1M$274K20xas long as short
Aster QQQUSDT0.0000%8h741.67−0.011%$824K$864K20xas long as short
Bybit QQQUSDT0.0000%8h741.59−0.022%$10.7M$5.0M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h741.40−0.047%$21.4M$28.3M50xas long as short
RISEx QQQ/USDC0.0000%1h741.41−0.045%$5.4M$5.9M25xas long as short
Bitget QQQUSDT0.0000%8h741.79+0.005%$16.5M$5.3M20xas long as short
Variational Omni QQQlong0.0000%8h741.75long leg$16.8M$7.2M
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX QQQ-USDT0.0000%8h742.22+0.063%$2K$1.7M10xas long as short
HTX QQQ-USDT0.0000%8h742.05+0.040%$251K$41K30xas long as short
Phemex QQQUSDT0.0000%8h742.14+0.053%$362K$1.6M10xas long as short
Coinbase International QQQ-PERP-INTX+0.0016%1h741.15−0.081%$1.2M$488K20xas long as short
Binance QQQUSDT+0.0023%8h741.65−0.013%$70.3M$140.9M25xas long as short
edgeX QQQUSDC+0.0027%4h741.76+0.001%$758K$337K20xas long as short
Lighter QQQ+0.0032%1h741.45−0.040%$7.7M$15.4M30xas long as short
Lighter RH QQQ+0.0032%1h741.78+0.004%$37.3M$81.2M50xas long as short
Arcus QQQ-USD+0.0040%1h740.94−0.109%$647K$1.7M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h742.84+0.147%$337K50xas long as short
KuCoin QQQUSDTMshort+0.0100%8h741.27−0.065%$3.4M$351K20x
ApeX Omni QQQUSDT+0.0100%1h741.53−0.030%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h741.51−0.032%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h741.10−0.087%$92K$1K10xas long as short
Nado QQQ-PERP+0.0139%1h741.51−0.032%$1.6M$748K20xas long as short
GRVT QQQ_USDT_Perp+0.0143%8h742.13+0.051%$315K$2.0M10xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0222%1h741.62−0.018%$424K$156K20xas long as short
Phoenix QQQ+0.0227%1h741.64−0.015%$38K$65K20xas long as short