Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.026%

Price spread now: RISEx against KuCoin+0.048%7-day average +0.064% · 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−$34as in the Price arb table

costs, in and out, $10k−$320.322% of the position

Long on KuCoin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.090%+$9 on $10k

Price spread, last 7 days+0.035%+$4 · spread now +0.048%, 7d avg +0.064%

Together, before fees+0.125%+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.064%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.090%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin QQQUSDTM	744.28	0.0100	pay 0.0100% / 8h	5h 01m	$3.4M	$402K	20x
Short	RISEx QQQ/USDC	744.63	0	get 0.0000% / 1h	1m 00s	$5.4M	$7.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$21
Price spread: +0.048% → +0.064%: −$1.59
Slippage, 4 orders: −$14.18
Fee KuCoin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$54.76
Costs to cover: 0.322%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; RISEx: live order book, 3 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, 6 min ago	1.54 bp	7.9 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 3 min ago	0.07 bp	3.5 bp −$3	3.9 bp −$39	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 −0.0116% / S +0.0218%	1h	744.60	+0.042%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0078%	1h	743.17	−0.149%	$4.2M	$1.8M	20x	as long as short
BloFin QQQ-USDT	−0.0010%	8h	744.38	+0.013%	$1.1M	$271K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	744.44	+0.022%	$841K	$714K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.71	+0.058%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.37	+0.012%	$21.5M	$26.8M	50x	as long as short
RISEx QQQ/USDCshort	0.0000%	1h	744.63	+0.048%	$5.4M	$7.5M	25x
Gate QQQ_USDT	0.0000%	8h	744.04	−0.032%	$3.3M	$21.2M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	744.75	+0.063%	$16.9M	$5.7M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	745.07	+0.106%	$2K	$1.9M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX QQQ-USDT	0.0000%	8h	744.78	+0.067%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	744.86	+0.078%	$361K	$1.5M	10x	as long as short
Variational Omni QQQ	+0.0016%	8h	744.44	+0.022%	$17.1M	$7.5M	—	as long as short
Lighter QQQ	+0.0032%	1h	744.43	+0.020%	$7.7M	$17.2M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.87	+0.079%	$37.1M	$80.8M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0032%	1h	743.92	−0.048%	$1.2M	$535K	20x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.61	−0.090%	$695K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.54	+0.169%	—	$337K	50x	as long as short
Binance QQQUSDT	+0.0050%	8h	744.63	+0.047%	$71.2M	$142.5M	25x	as long as short
Nado QQQ-PERP	+0.0083%	1h	744.21	−0.010%	$1.5M	$876K	20x	as long as short
KuCoin QQQUSDTMlong	+0.0100%	8h	744.28	long leg	$3.4M	$402K	20x
ApeX Omni QQQUSDT	+0.0100%	1h	744.13	−0.020%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.32	+0.005%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.74	−0.072%	$93K	$1K	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0113%	1h	744.40	+0.016%	$425K	$149K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0121%	8h	744.58	+0.040%	$322K	$1.9M	10x	as long as short
Phoenix QQQ	+0.0161%	1h	744.14	−0.019%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0453%	4h	744.45	+0.023%	$761K	$335K	20x	as long as short