Funding you earn now, next payment 04:00 UTC−0.0390%/8h= −42.7% APRpaid last 24h +0.038%
Price spread now: KuCoin against edgeX−0.019%53s7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$450.450% of the position
Funding, last 7 days+0.176%+$18 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.019%, 7d avg −0.022%
=Together, before fees+0.180%+ Points / potential airdropedgeX: Active · farm board+$18 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.176%, so the current rate has only just turned against you. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.176% in total (about 9.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX QQQUSDC | 744.37 | 0.0490 | pay 0.0245% / 4h | 2h 14m | $761K | $335K | 20x |
| Short | KuCoin QQQUSDTM | 744.23 | 0.0100 | get 0.0100% / 8h | 6h 14m | $3.4M | $412K | 20x |
edgeX QQQUSDC
KuCoin QQQUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against edgeX. 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
- −$81.83
- Price spread: −0.019% → −0.022%
- $0.36
- Slippage, 4 orders
- −$24.03
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$126.51
- Costs to cover
- 0.450%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 54 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 edgeX live order book, 54 min ago | 4.16 bp | 8.7 bp −$9 | 9.7 bp −$97 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 0.07 bp | 20.6 bp −$21 | 131.0 bp −$1,310 | doesn't fit | doesn't fit |
QQQ on 27 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 −0.0101% / S +0.0206% | 1h | 744.59 | +0.029% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0088% | 1h | 743.56 | −0.109% | $4.2M | $1.9M | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.60 | +0.031% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.37 | 0.000% | $21.7M | $26.4M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.10 | −0.036% | $3.3M | $23.3M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 745.03 | +0.089% | $2K | $2.1M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 745.25 | +0.118% | $258K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.91 | +0.073% | $359K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0006% | 8h | 744.46 | +0.011% | $841K | $712K | 20x | as long as short |
| Bitget QQQUSDT | +0.0025% | 8h | 744.59 | +0.030% | $16.9M | $5.9M | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDT
Bitget QQQUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 744.23 | −0.019% | $7.7M | $17.8M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.66 | +0.039% | $37.4M | $80.3M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.66 | −0.095% | $705K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.51 | +0.153% | — | $337K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0048% | 1h | 744.11 | −0.035% | $1.2M | $538K | 20x | as long as short |
| Variational Omni QQQ | +0.0056% | 8h | 744.43 | +0.008% | $17.1M | $7.6M | — | as long as short |
| Binance QQQUSDT | +0.0082% | 8h | 744.48 | +0.015% | $71.0M | $147.2M | 25x | as long as short |
| KuCoin QQQUSDTMshort | +0.0100% | 8h | 744.23 | −0.019% | $3.4M | $412K | 20x | |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.10 | −0.036% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.30 | −0.009% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.77 | −0.080% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0123% | 1h | 744.14 | −0.030% | $1.5M | $952K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0168% | 1h | 744.53 | +0.021% | $5.4M | $8.0M | 25x | as long as short |
| Phoenix QQQ | +0.0183% | 1h | 744.18 | −0.026% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0198% | 8h | 744.63 | +0.035% | $320K | $1.8M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0207% | 1h | 744.38 | +0.001% | $425K | $148K | 20x | as long as short |
| edgeX QQQUSDClong | +0.0490% | 4h | 744.37 | long leg | $761K | $335K | 20x |
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Binance QQQUSDT
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp
Deribit QQQ_USDC-PERPETUAL