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 −0.027%

Price spread now: OKX against KuCoin+0.031%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$390.390% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.167%−$17 on $10k

Price spread, last 7 days+0.034%+$3 · spread now +0.031%, 7d avg +0.054%

Together, before fees−0.133%−$13 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 OKX is 0.023% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.054%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin QQQUSDTM	744.09	0.0100	pay 0.0100% / 8h	6h 12m	$3.4M	$412K	20x
Short	OKX QQQ-USDT-SWAP	744.32	0	get 0.0000% / 8h	6h 12m	$21.7M	$26.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$21
Price spread: +0.031% → +0.054%: −$2.28
Slippage, 4 orders: −$17.05
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$62.32
Costs to cover: 0.390%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; OKX: live order book, 1 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, 5 min ago	0.07 bp	7.0 bp −$7	80.0 bp −$800	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.07 bp	6.4 bp −$6	7.9 bp −$79	14.5 bp −$1,449	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 −0.0102% / S +0.0206%	1h	744.37	+0.037%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0086%	1h	743.56	−0.071%	$4.2M	$1.9M	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.52	+0.058%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAPshort	0.0000%	8h	744.32	+0.031%	$21.7M	$26.5M	50x
Gate QQQ_USDT	0.0000%	8h	744.09	0.000%	$3.3M	$23.4M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	745.01	+0.124%	$2K	$2.1M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	0.0000%	1h	743.98	−0.015%	$425K	$148K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	744.57	+0.065%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	744.64	+0.074%	$361K	$1.4M	10x	as long as short
Aster QQQUSDT	+0.0005%	8h	744.34	+0.033%	$841K	$712K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget QQQUSDT	+0.0023%	8h	744.51	+0.056%	$16.9M	$5.8M	20x	as long as short
Lighter QQQ	+0.0032%	1h	744.14	+0.007%	$7.7M	$17.8M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.57	+0.065%	$37.4M	$80.3M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.65	−0.059%	$705K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.34	+0.168%	—	$337K	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0048%	1h	744.08	−0.001%	$1.2M	$538K	20x	as long as short
Variational Omni QQQ	+0.0056%	8h	744.43	+0.045%	$17.1M	$7.6M	—	as long as short
Binance QQQUSDT	+0.0082%	8h	744.37	+0.038%	$71.0M	$147.3M	25x	as long as short
KuCoin QQQUSDTMlong	+0.0100%	8h	744.09	long leg	$3.4M	$412K	20x
ApeX Omni QQQUSDT	+0.0100%	1h	744.12	+0.004%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.11	+0.003%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.60	−0.066%	$93K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0123%	1h	744.14	+0.006%	$1.5M	$952K	20x	as long as short
RISEx QQQ/USDC	+0.0168%	1h	744.52	+0.058%	$5.4M	$8.0M	25x	as long as short
Phoenix QQQ	+0.0183%	1h	744.18	+0.012%	$38K	$66K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0192%	8h	744.72	+0.085%	$322K	$1.9M	10x	as long as short
edgeX QQQUSDC	+0.0657%	4h	744.44	+0.047%	$761K	$336K	20x	as long as short