Funding you earn now, next payment 06:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h +0.020%
Price spread now: KuCoin against Arcus+0.067%7-day average +0.098% · 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−$36as in the Price arb table
costs, in and out, $10k−$330.326% of the position
Funding, last 4 days (all we have)+0.076%+$8 on $10k
+Price spread, last 7 days−0.073%−$7 · spread now +0.067%, 7d avg +0.098%
=Funding pays, the price is against you. KuCoin is 0.030% cheaper against Arcus than usual: you would sell low and buy high (spread +0.067% now, against its 7-day average of +0.098%). If the spread goes back, that is −$3 on $10k: about 41 hours of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus QQQ-USD | 741.72 | 0.0040 | pay 0.0005% / 1h | 45m 36s | $702K | $1.6M | 25x |
| Short | KuCoin QQQUSDTM | 742.22 | 0.0100 | get 0.0100% / 8h | 2h 45m | $3.4M | $350K | 20x |
Arcus QQQ-USD
KuCoin QQQUSDTMFunding 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: +0.067% → +0.098%
- −$3.04
- Slippage, 4 orders
- −$16.06
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$23.07
- Costs to cover
- 0.326%
- Break-even
- 19.9 days
Slippage from Arcus: live order book, 3 min ago; KuCoin: live order book, 7 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, 3 min ago | 0.07 bp | 2.7 bp −$3 | 7.0 bp −$70 | 25.1 bp −$2,510 | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 1.62 bp | 14.3 bp −$14 | 121.4 bp −$1,214 | 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 −0.0144% / S +0.0240% | 1h | 742.57 | +0.114% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.56 | +0.113% | $824K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 742.60 | +0.119% | $69.9M | $142.9M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.68 | +0.129% | $10.7M | $5.1M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.35 | +0.085% | $21.6M | $27.8M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.61 | +0.120% | $5.4M | $7.1M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.93 | +0.028% | $3.3M | $21.3M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.69 | +0.131% | $16.6M | $5.7M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 742.44 | +0.096% | $17.0M | $7.2M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.09 | +0.185% | $2K | $1.9M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
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 | 742.10 | +0.051% | $1.2M | $538K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.85 | +0.152% | $252K | $38K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.86 | +0.154% | $359K | $1.6M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0001% | 8h | 742.26 | +0.073% | $1.1M | $246K | 20x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0006% | 1h | 741.73 | +0.001% | $4.2M | $1.8M | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.47 | +0.101% | $7.7M | $15.5M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.82 | +0.148% | $36.9M | $78.4M | 50x | as long as short |
| Arcus QQQ-USDlong | +0.0040% | 1h | 741.72 | long leg | $702K | $1.6M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.49 | +0.239% | — | $337K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0073% | 1h | 742.37 | +0.088% | $424K | $151K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0078% | 8h | 742.73 | +0.136% | $319K | $1.9M | 10x | as long as short |
| KuCoin QQQUSDTMshort | +0.0100% | 8h | 742.22 | +0.067% | $3.4M | $350K | 20x | |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.16 | +0.059% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.28 | +0.076% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.76 | +0.005% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0122% | 1h | 742.18 | +0.062% | $1.5M | $761K | 20x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 742.17 | +0.061% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0297% | 4h | 742.49 | +0.103% | $759K | $336K | 20x | as long as short |
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDT
Ondo Perps QQQ-USD.P
Lighter QQQ
Lighter RH QQQ
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC