Funding you earn now, next payment 01:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h +0.020%
Price spread now: KuCoin against Arcus+0.099%7-day average +0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$320.323% of the position
Funding, last 3 days (all we have)+0.079%+$8 on $10k
+Price spread, last 7 days−0.091%−$9 · spread now +0.099%, 7d avg +0.096%
=The price spread sits at its 7-day average of +0.096%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus QQQ-USD | 743.78 | 0.0040 | pay 0.0005% / 1h | 59m 50s | $748K | $1.5M | 25x |
| Short | KuCoin QQQUSDTM | 744.52 | 0.0100 | get 0.0100% / 8h | 6h 59m | $3.4M | $410K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $12.54
- Price spread: +0.099% → +0.096%
- $0.38
- Slippage, 4 orders
- −$15.76
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$19.33
- Costs to cover
- 0.323%
- Break-even
- 17.8 days
Slippage from Arcus: live order book, 4 min ago; KuCoin: live order book, 3 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 Arcus live order book, 4 min ago | 0.20 bp | 5.6 bp −$6 | 9.0 bp −$90 | 25.5 bp −$2,550 | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 1.41 bp | 12.0 bp −$12 | 120.7 bp −$1,207 | 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 | −0.0307% | 1h | 743.25 | −0.071% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0092% / S +0.0198% | 1h | 744.76 | +0.132% | $25K | — | 26x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.52 | +0.099% | $21.5M | $25.4M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.37 | +0.079% | $3.2M | $29.1M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 745.25 | +0.198% | $2K | $2.1M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.94 | +0.156% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 745.03 | +0.168% | $360K | $1.4M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0003% | 8h | 744.38 | +0.081% | $1.1M | $320K | 20x | as long as short |
| Aster QQQUSDT | +0.0022% | 8h | 744.66 | +0.118% | $841K | $713K | 20x | as long as short |
| Bybit QQQUSDT | +0.0027% | 8h | 744.76 | +0.132% | $10.7M | $5.0M | 50x | 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 | 744.51 | +0.098% | $7.7M | $18.5M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.92 | +0.153% | $37.4M | $81.4M | 50x | as long as short |
| Arcus QQQ-USDlong | +0.0040% | 1h | 743.78 | long leg | $748K | $1.5M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.31 | +0.206% | — | $306K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 744.09 | +0.042% | $1.2M | $545K | 20x | as long as short |
| Variational Omni QQQ | +0.0072% | 8h | 744.60 | +0.111% | $17.1M | $7.6M | — | as long as short |
| Nado QQQ-PERP | +0.0099% | 1h | 744.35 | +0.076% | $1.5M | $1.1M | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0099% | 1h | 744.53 | +0.101% | $425K | $147K | 20x | as long as short |
| Binance QQQUSDT | +0.0099% | 8h | 744.79 | +0.136% | $71.3M | $149.2M | 25x | as long as short |
| KuCoin QQQUSDTMshort | +0.0100% | 8h | 744.52 | +0.099% | $3.4M | $410K | 20x | |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.13 | +0.047% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.51 | +0.098% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 744.02 | +0.032% | $93K | $1K | 10x | as long as short |
| Bitget QQQUSDT | +0.0144% | 8h | 744.71 | +0.125% | $16.9M | $6.1M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.80 | +0.138% | $5.4M | $8.2M | 25x | as long as short |
| edgeX QQQUSDC | +0.0216% | 4h | 744.53 | +0.100% | $761K | $337K | 20x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 744.36 | +0.078% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0361% | 8h | 744.85 | +0.144% | $318K | $1.8M | 10x | as long as short |
KuCoin QQQUSDTM
GMX QQQ/USD [ETH-USDC]
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Deribit QQQ_USDC-PERPETUAL
Binance QQQUSDT
ApeX Omni QQQUSDT
Bitget QQQUSDT
RISEx QQQ/USDC
edgeX QQQUSDC
Phoenix QQQ
GRVT QQQ_USDT_Perp