Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0008%/8hnext payment −$0.08 per $10,000 · paid last 24h +0.105%

Price spread now: KuCoin against Binance−0.005%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$320.316% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.236%+$24 on $10k

Price spread, last 1 day (all we have)−0.063%−$6 · spread now −0.005%, 7d avg −0.054%

Together, before fees+0.173%+$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.050% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance QQQUSDT	741.48	0.0108	pay 0.0108% / 8h	3h 58m	$68.4M	$159.4M	25x
Short	KuCoin QQQUSDTM	741.45	0.0100	get 0.0100% / 8h	3h 58m	$3.4M	$444K	20x

Funding 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 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 BinancebpFee KuCoinbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$1.59
Price spread: −0.005% → −0.054%: $4.99
Slippage, 4 orders: −$9.56
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$28.15
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; KuCoin: 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 Binance live order book, 4 min ago	0.07 bp	5.1 bp −$5	5.5 bp −$55	8.2 bp −$820	22.3 bp −$11.2K
Sell KuCoin live order book, 4 min ago	0.40 bp	12.2 bp −$12	111.6 bp −$1,116	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	−0.0121%	1h	740.63	−0.115%	$4.2M	$2.3M	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L −0.0033% / S +0.0152%	1h	741.55	+0.010%	$25K	—	53x	as long as short
Gate QQQ_USDT	−0.0021%	8h	740.98	−0.068%	$3.1M	$33.9M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	741.36	−0.017%	$21.2M	$27.6M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	742.03	+0.074%	$1K	$2.5M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	0.0000%	1h	741.36	−0.017%	$424K	$303K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	743.02	+0.207%	$257K	$32K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	741.84	+0.048%	$359K	$1.3M	10x	as long as short
RISEx QQQ/USDC	+0.0015%	1h	741.69	+0.029%	$5.1M	$9.2M	25x	as long as short
Phoenix QQQ	+0.0022%	1h	741.93	+0.060%	$38K	$73K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster QQQUSDT	+0.0029%	8h	741.57	+0.011%	$845K	$592K	20x	as long as short
Lighter QQQ	+0.0032%	1h	741.41	−0.010%	$7.9M	$21.7M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	741.90	+0.056%	$38.6M	$82.4M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	740.96	−0.071%	$755K	$1.5M	25x	as long as short
Bybit QQQUSDT	+0.0044%	8h	741.56	+0.010%	$10.7M	$6.0M	50x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.35	+0.117%	—	$621K	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0064%	1h	741.37	−0.015%	$1.2M	$850K	20x	as long as short
Variational Omni QQQ	+0.0090%	8h	742.01	+0.072%	$17.2M	$10.5M	—	as long as short
edgeX QQQUSDC	+0.0092%	4h	742.05	+0.077%	$759K	$337K	20x	as long as short
KuCoin QQQUSDTMshort	+0.0100%	8h	741.45	−0.005%	$3.4M	$444K	20x
ApeX Omni QQQUSDT	+0.0100%	1h	741.71	+0.031%	$20K	$2.1M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.44	−0.006%	$7K	$15K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.01	−0.064%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0104%	1h	741.27	−0.029%	$1.5M	$1.4M	20x	as long as short
Binance QQQUSDTlong	+0.0108%	8h	741.48	long leg	$68.4M	$159.4M	25x
BloFin QQQ-USDT	+0.0120%	8h	741.89	+0.055%	$1.0M	$504K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0187%	8h	742.16	+0.091%	$314K	$1.6M	10x	as long as short
Bitget QQQUSDT	+0.0272%	8h	741.60	+0.016%	$16.8M	$7.6M	20x	as long as short