SQQQ

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 −0.021%

Price spread now: Bitget against KuCoin+0.087%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$858as in the Funding arb table

Net, price: spread back to 7d avg − costs−$827as in the Price arb table

costs, in and out, $10k−$8328.317% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.262%−$26 on $10k

Price spread, last 7 days−0.153%−$15 · spread now +0.087%, 7d avg +0.037%

Together, before fees−0.415%−$42 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.050% dearer against KuCoin than usual: you sell high and buy low (spread +0.087% now, against its 7-day average of +0.037%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SQQQUSDTM	34.390	0.0100	pay 0.0100% / 8h	3h 46m	$122K	$983K	10x
Short	Bitget SQQQUSDT	34.420	0	get 0.0000% / 8h	3h 46m	$2.9M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.087%Rate

Funding earned: −$21
Price spread: +0.087% → +0.037%: $5.03
Slippage, 4 orders: −$807.73
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$847.7
Costs to cover: 8.317%
Break-even: never at this rate

Slippage from KuCoin: live order book, 58 min ago; Bitget: 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 KuCoin live order book, 58 min ago	1.46 bp	478.3 bp −$478	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 6 min ago	2.90 bp	13.9 bp −$14	34.6 bp −$346	89.0 bp −$8,905	doesn't fit

SQQQ on 10 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
Bybit SQQQUSDT	0.0000%	8h	34.400	+0.029%	$780K	$557K	25x	as long as short
Gate SQQQ_USDT	0.0000%	8h	34.400	+0.029%	$1.1M	$1.3M	20x	as long as short
Bitget SQQQUSDTshort	0.0000%	8h	34.420	+0.087%	$2.9M	$1.2M	20x
HTX SQQQ-USDT	0.0000%	8h	34.440	+0.145%	$8K	$1K	10x	as long as short
GRVT SQQQ_USDT_Perp	+0.0034%	8h	34.490	+0.291%	$4K	$110K	10x	as long as short
KuCoin SQQQUSDTMlong	+0.0100%	8h	34.390	long leg	$122K	$983K	10x
OKX SQQQ-USDT-SWAP	+0.0106%	8h	34.420	+0.087%	$807K	$1.6M	20x	as long as short
BloFin SQQQ-USDT	+0.0183%	8h	34.410	+0.058%	$82K	$7K	20x	as long as short
MEXC SQQQ_USDT	+0.0190%	8h	34.370	−0.058%	$1.7M	$376K	20x	as long as short
Binance SQQQUSDT	+0.0197%	8h	34.410	+0.058%	$6.7M	$16.1M	20x	as long as short