Funding you earn now, next payment 08:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.96 per $10,000 · paid last 24h +0.004%
Price spread now: KuCoin against Binance−0.033%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$440.444% of the position
Funding, last 7 days+0.235%+$23 on $10k
+Price spread, last 7 days−0.087%−$9 · spread now −0.033%, 7d avg −0.058%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.025% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.058%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance QQQUSDT | 743.12 | 0.0004 | pay 0.0004% / 8h | 3h 37m | $70.8M | $141.4M | 25x |
| Short | KuCoin QQQUSDTM | 742.88 | 0.0100 | get 0.0100% / 8h | 3h 37m | $3.4M | $339K | 20x |
Binance QQQUSDT
KuCoin QQQUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Binance. 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
- $20.09
- Price spread: −0.033% → −0.058%
- $2.49
- Slippage, 4 orders
- −$22.42
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$21.84
- Costs to cover
- 0.444%
- Break-even
- 14.6 days
Slippage from Binance: live order book, 6 min ago; KuCoin: live order book, 5 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 Binance live order book, 6 min ago | 0.07 bp | 5.1 bp −$5 | 5.2 bp −$52 | 10.0 bp −$1,003 | 25.8 bp −$12.9K |
| Sell KuCoin live order book, 5 min ago | 1.75 bp | 23.5 bp −$24 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX QQQ/USD [ETH-USDC] | L −0.0134% / S +0.0231% | 1h | 743.17 | +0.007% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0043% | 1h | 742.40 | −0.097% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0027% | 8h | 743.11 | −0.002% | $1.1M | $256K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.10 | −0.004% | $840K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.07 | −0.007% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.00 | −0.017% | $21.4M | $26.9M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.78 | −0.046% | $3.3M | $20.9M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.36 | +0.032% | $16.9M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.22 | +0.014% | $17.1M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.63 | +0.068% | $2K | $1.9M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.64 | −0.065% | $1.2M | $536K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.57 | +0.060% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.17 | +0.006% | $358K | $1.6M | 10x | as long as short |
| Binance QQQUSDTlong | +0.0004% | 8h | 743.12 | long leg | $70.8M | $141.4M | 25x | |
| RISEx QQQ/USDC | +0.0010% | 1h | 743.19 | +0.009% | $5.4M | $7.3M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.00 | −0.017% | $7.7M | $15.8M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.41 | +0.038% | $37.0M | $78.7M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.55 | −0.077% | $702K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.19 | +0.143% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0071% | 8h | 743.29 | +0.022% | $315K | $1.9M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0073% | 1h | 743.01 | −0.015% | $424K | $150K | 20x | as long as short |
| Nado QQQ-PERP | +0.0092% | 1h | 742.82 | −0.041% | $1.5M | $763K | 20x | as long as short |
| edgeX QQQUSDC | +0.0096% | 4h | 743.10 | −0.003% | $760K | $334K | 20x | as long as short |
| KuCoin QQQUSDTMshort | +0.0100% | 8h | 742.88 | −0.033% | $3.4M | $339K | 20x | |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.79 | −0.045% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.92 | −0.027% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.39 | −0.099% | $92K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 743.10 | −0.003% | $38K | $66K | 20x | as long as short |
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
RISEx QQQ/USDC
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
Deribit QQQ_USDC-PERPETUAL
Nado QQQ-PERP
edgeX QQQUSDC
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ