Funding you earn now, next payment 01:00 UTC−0.0060%/8h= −6.5% APRpaid last 24h −0.020%
Price spread now: Arcus against KuCoin−0.082%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$31as 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+0.073%+$7 · spread now −0.082%, 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 | KuCoin QQQUSDTM | 744.39 | 0.0100 | pay 0.0100% / 8h | 7h 00m | $3.4M | $410K | 20x |
| Short | Arcus QQQ-USD | 743.78 | 0.0040 | get 0.0005% / 1h | 0m 09s | $748K | $1.5M | 25x |
KuCoin QQQUSDTM
Arcus QQQ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against KuCoin. 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: −0.082% → −0.096%
- $1.37
- Slippage, 4 orders
- −$15.76
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$43.42
- Costs to cover
- 0.323%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Arcus: live order book, 4 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, 2 min ago | 1.41 bp | 9.4 bp −$9 | 86.4 bp −$864 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 4 min ago | 0.20 bp | 5.2 bp −$5 | 10.6 bp −$106 | 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 | −0.153% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0092% / S +0.0198% | 1h | 744.76 | +0.050% | $25K | — | 26x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.52 | +0.017% | $21.5M | $25.4M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.36 | −0.004% | $3.2M | $29.1M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 745.25 | +0.116% | $2K | $2.1M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.94 | +0.074% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 745.03 | +0.086% | $360K | $1.4M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0003% | 8h | 744.38 | −0.001% | $1.1M | $320K | 20x | as long as short |
| Aster QQQUSDT | +0.0022% | 8h | 744.66 | +0.036% | $841K | $713K | 20x | as long as short |
| Bybit QQQUSDT | +0.0027% | 8h | 744.76 | +0.050% | $10.7M | $5.0M | 50x | as long as short |
Ondo Perps QQQ-USD.P
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 QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 744.51 | +0.016% | $7.7M | $18.5M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.92 | +0.071% | $37.4M | $81.4M | 50x | as long as short |
| Arcus QQQ-USDshort | +0.0040% | 1h | 743.78 | −0.082% | $748K | $1.5M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.31 | +0.124% | — | $306K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 744.09 | −0.040% | $1.2M | $545K | 20x | as long as short |
| Variational Omni QQQ | +0.0072% | 8h | 744.60 | +0.029% | $17.1M | $7.6M | — | as long as short |
| Nado QQQ-PERP | +0.0099% | 1h | 744.35 | −0.006% | $1.5M | $1.1M | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0099% | 1h | 744.53 | +0.019% | $425K | $147K | 20x | as long as short |
| Binance QQQUSDT | +0.0099% | 8h | 744.76 | +0.050% | $71.3M | $149.2M | 25x | as long as short |
| KuCoin QQQUSDTMlong | +0.0100% | 8h | 744.39 | long leg | $3.4M | $410K | 20x | |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.13 | −0.035% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.51 | +0.016% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 744.02 | −0.050% | $93K | $1K | 10x | as long as short |
| Bitget QQQUSDT | +0.0144% | 8h | 744.71 | +0.043% | $16.9M | $6.1M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.80 | +0.056% | $5.4M | $8.2M | 25x | as long as short |
| edgeX QQQUSDC | +0.0216% | 4h | 744.53 | +0.018% | $761K | $337K | 20x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 744.36 | −0.004% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0361% | 8h | 744.85 | +0.062% | $318K | $1.8M | 10x | as long as short |
Lighter QQQ
Lighter RH QQQ
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
Binance QQQUSDT
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Bitget QQQUSDT
RISEx QQQ/USDC
edgeX QQQUSDC
Phoenix QQQ
GRVT QQQ_USDT_Perp