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Funding arb · Price arb /

SQQQ

RWAall SQQQ markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Bybit+0.029%7-day average −0.011% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BybitShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.204%+$20 on $10k
Price spread, last 4 days (all we have)+0.075%+$8 · spread now +0.029%, 7d avg −0.011%
Together, before fees+0.279%+$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.040% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit SQQQUSDT34.8600get 0.0000% / 8h7h 21m$790K$569K25x
ShortKuCoin SQQQUSDTM34.8700.0100get 0.0100% / 8h7h 21m$126K$911K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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: +0.029% → −0.011%
$3.95
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$1.95
Costs to cover
0.230%
Break-even
6.3 days
Slippage unknown: Bybit: live order book, 8 min ago; KuCoin: live order book, 53 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 Bybit live order book, 8 min ago2.86 bp17.1 bp −$17doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 53 min ago2.88 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

SQQQ on 10 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
Bybit SQQQUSDTlong0.0000%8h34.860long leg$790K$569K25x
Gate SQQQ_USDT0.0000%8h34.8600.000%$1.2M$1.4M20xas long as short
GRVT SQQQ_USDT_Perp0.0000%8h34.940+0.229%$4K$112K10xas long as short
HTX SQQQ-USDT0.0000%8h34.940+0.229%$8K$1K10xas long as short
Bitget SQQQUSDT+0.0018%8h34.880+0.057%$2.9M$1.2M20xas long as short
KuCoin SQQQUSDTMshort+0.0100%8h34.870+0.029%$126K$911K10x
OKX SQQQ-USDT-SWAP+0.0134%8h34.8600.000%$922K$2.2M20xas long as short
Binance SQQQUSDT+0.0268%8h34.871+0.032%$7.3M$18.8M20xas long as short
BloFin SQQQ-USDT+0.0271%8h34.960+0.287%$89K$7K20xas long as short
MEXC SQQQ_USDT+0.0272%8h34.870+0.029%$1.7M$298K20xas long as short