Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.016%

Price spread now: Vest against KuCoin+0.182%7-day average +0.175% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.052%−$5 on $10k

Price spread, last 4 days (all we have)−0.151%−$15 · spread now +0.182%, 7d avg +0.175%

Together, before fees−0.203%+ Points / potential airdropVest: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.175%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin QQQUSDTM	741.55	0.0100	pay 0.0100% / 8h	1h 23m	$3.4M	$353K	20x
Short	Vest QQQ-USD-PERP	742.90	0.0046	get 0.0006% / 1h	23m 57s	—	$337K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.182%Rate

Funding earned: −$11.41
Price spread: +0.182% → +0.175%: $0.69
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$24.71
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 3 min ago; Vest: no order-book sample. Net counts fees only.

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	1.48 bp	9.1 bp −$9	82.7 bp −$827	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0161% / S +0.0253%	1h	741.98	+0.057%	$25K	—	26x	as long as short
Gate QQQ_USDT	−0.0029%	8h	741.40	−0.020%	$3.3M	$21.5M	50x	as long as short
Aster QQQUSDT	0.0000%	8h	741.95	+0.054%	$823K	$858K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	741.96	+0.055%	$10.5M	$5.2M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	741.85	+0.040%	$21.4M	$28.4M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	741.68	+0.018%	$5.5M	$6.3M	25x	as long as short
Bitget QQQUSDT	0.0000%	8h	742.13	+0.078%	$16.6M	$5.4M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	741.98	+0.057%	$16.9M	$7.3M	—	as long as short
SunX QQQ-USDT	0.0000%	8h	742.77	+0.165%	$2K	$1.8M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.14	+0.080%	$251K	$41K	30x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex QQQUSDT	0.0000%	8h	742.22	+0.090%	$365K	$1.6M	10x	as long as short
Ondo Perps QQQ-USD.P	+0.0001%	1h	740.66	−0.120%	$4.2M	$1.8M	20x	as long as short
Binance QQQUSDT	+0.0003%	8h	742.03	+0.064%	$70.0M	$144.5M	25x	as long as short
BloFin QQQ-USDT	+0.0004%	8h	741.75	+0.027%	$1.1M	$271K	20x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0016%	1h	741.55	0.000%	$1.2M	$550K	20x	as long as short
Lighter QQQ	+0.0032%	1h	741.73	+0.024%	$7.7M	$15.5M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.12	+0.077%	$37.0M	$80.6M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.15	−0.054%	$686K	$1.6M	25x	as long as short
Vest QQQ-USD-PERPshort	+0.0046%	1h	742.90	+0.182%	—	$337K	50x
KuCoin QQQUSDTMlong	+0.0100%	8h	741.55	long leg	$3.4M	$353K	20x
ApeX Omni QQQUSDT	+0.0100%	1h	741.57	+0.003%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.63	+0.011%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.22	−0.045%	$92K	$1K	10x	as long as short
GRVT QQQ_USDT_Perp	+0.0116%	8h	742.17	+0.084%	$322K	$2.0M	10x	as long as short
Nado QQQ-PERP	+0.0131%	1h	741.48	−0.010%	$1.5M	$764K	20x	as long as short
Phoenix QQQ	+0.0205%	1h	741.63	+0.011%	$38K	$66K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0209%	1h	741.71	+0.022%	$424K	$154K	20x	as long as short
edgeX QQQUSDC	+0.0573%	4h	741.92	+0.050%	$759K	$334K	20x	as long as short