QQQ

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 −0.030%

Price spread now: Gate against KuCoin−0.038%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$510.507% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.214%−$21 on $10k

Price spread, last 7 days+0.178%+$18 · spread now −0.038%, 7d avg +0.038%

Together, before fees−0.037%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.076% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.038%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin QQQUSDTM	742.92	0.0100	pay 0.0100% / 8h	2h 09m	$3.4M	$363K	20x
Short	Gate QQQ_USDT	742.64	0	get 0.0000% / 8h	2h 09m	$3.3M	$21.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.038%Rate

Funding earned: −$21
Price spread: −0.038% → +0.038%: −$7.61
Slippage, 4 orders: −$23.65
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$79.26
Costs to cover: 0.507%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Gate: 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 KuCoin live order book, 3 min ago	2.15 bp	8.3 bp −$8	78.8 bp −$788	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	1.95 bp	10.2 bp −$10	14.8 bp −$148	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 −0.0152% / S +0.0246%	1h	743.35	+0.057%	$25K	—	26x	as long as short
BloFin QQQ-USDT	−0.0004%	8h	742.84	−0.011%	$1.1M	$278K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	742.88	−0.005%	$824K	$857K	20x	as long as short
Binance QQQUSDT	0.0000%	8h	743.15	+0.031%	$70.0M	$145.0M	25x	as long as short
Bybit QQQUSDT	0.0000%	8h	743.22	+0.040%	$10.6M	$5.2M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	743.10	+0.024%	$21.5M	$28.3M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	743.38	+0.061%	$5.4M	$6.7M	25x	as long as short
Gate QQQ_USDTshort	0.0000%	8h	742.64	−0.038%	$3.3M	$21.4M	50x
Bitget QQQUSDT	0.0000%	8h	743.39	+0.063%	$16.6M	$5.6M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	743.18	+0.036%	$16.9M	$7.3M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX QQQ-USDT	0.0000%	8h	743.76	+0.113%	$2K	$1.8M	10x	as long as short
Coinbase International QQQ-PERP-INTX	0.0000%	1h	742.77	−0.020%	$1.2M	$541K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	743.39	+0.063%	$251K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	743.65	+0.098%	$360K	$1.6M	10x	as long as short
Ondo Perps QQQ-USD.P	+0.0001%	1h	742.06	−0.116%	$4.2M	$1.8M	20x	as long as short
Lighter QQQ	+0.0032%	1h	742.96	+0.005%	$7.6M	$15.7M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	743.34	+0.057%	$36.9M	$80.9M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	742.15	−0.104%	$689K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	744.28	+0.183%	—	$337K	50x	as long as short
GRVT QQQ_USDT_Perp	+0.0095%	8h	743.38	+0.062%	$316K	$2.0M	10x	as long as short
KuCoin QQQUSDTMlong	+0.0100%	8h	742.92	long leg	$3.4M	$363K	20x
ApeX Omni QQQUSDT	+0.0100%	1h	742.75	−0.023%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	743.04	+0.016%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	742.59	−0.045%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0122%	1h	742.92	0.000%	$1.5M	$748K	20x	as long as short
Phoenix QQQ	+0.0129%	1h	742.54	−0.051%	$38K	$66K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0140%	1h	743.08	+0.022%	$424K	$152K	20x	as long as short
edgeX QQQUSDC	+0.0987%	4h	743.21	+0.038%	$760K	$334K	20x	as long as short