Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Phemex−0.074%7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$900.905% of the position
Funding, last 7 days+0.203%+$20 on $10k
+Price spread, last 4 days (all we have)−0.121%−$12 · spread now −0.074%, 7d avg −0.075%
=The price spread sits at its 7-day average of −0.075%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex QQQUSDT | 744.31 | 0 | get 0.0000% / 8h | 5h 23m | $361K | $1.5M | 10x |
| Short | KuCoin QQQUSDTM | 743.76 | 0.0100 | get 0.0100% / 8h | 5h 23m | $3.4M | $405K | 20x |
Phemex QQQUSDT
KuCoin QQQUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Phemex. 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
- $21
- Price spread: −0.074% → −0.075%
- $0.12
- Slippage, 4 orders
- −$66.46
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$69.35
- Costs to cover
- 0.905%
- Break-even
- 30.1 days
Slippage from Phemex: live order book, 5 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 Phemex live order book, 5 min ago | 2.29 bp | 37.8 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 1.28 bp | 17.4 bp −$17 | doesn't fit | 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 −0.0112% / S +0.0214% | 1h | 744.02 | −0.038% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0054% | 1h | 742.77 | −0.207% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.00 | −0.041% | $841K | $713K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.11 | −0.027% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.96 | −0.047% | $21.7M | $26.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.06 | −0.034% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.56 | −0.101% | $3.3M | $21.2M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.33 | +0.003% | $16.9M | $5.7M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.46 | +0.020% | $2K | $2.0M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 743.70 | −0.082% | $425K | $149K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUALShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 744.26 | −0.007% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDTlong | 0.0000% | 8h | 744.31 | long leg | $361K | $1.5M | 10x | |
| BloFin QQQ-USDT | +0.0008% | 8h | 743.97 | −0.046% | $1.1M | $303K | 20x | as long as short |
| Variational Omni QQQ | +0.0032% | 8h | 743.92 | −0.052% | $17.1M | $7.5M | — | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.81 | −0.067% | $7.7M | $17.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.27 | −0.005% | $37.3M | $79.5M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 743.51 | −0.107% | $1.2M | $534K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.10 | −0.163% | $694K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.99 | +0.091% | — | $337K | 50x | as long as short |
| Binance QQQUSDT | +0.0062% | 8h | 744.02 | −0.039% | $71.1M | $143.2M | 25x | as long as short |
| Nado QQQ-PERP | +0.0089% | 1h | 743.66 | −0.087% | $1.5M | $920K | 20x | as long as short |
| KuCoin QQQUSDTMshort | +0.0100% | 8h | 743.76 | −0.074% | $3.4M | $405K | 20x | |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.61 | −0.094% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.73 | −0.078% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.19 | −0.150% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0140% | 8h | 744.18 | −0.018% | $319K | $1.9M | 10x | as long as short |
| Phoenix QQQ | +0.0161% | 1h | 743.64 | −0.090% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0742% | 4h | 743.88 | −0.057% | $761K | $334K | 20x | as long as short |
HTX QQQ-USDT
BloFin QQQ-USDT
Variational Omni QQQ
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Vest QQQ-USD-PERP
Binance QQQUSDT
Nado QQQ-PERP
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC