Funding you earn now, next payment 02:00 UTC−0.0489%/8h= −53.5% APRpaid last 24h −0.073%
Price spread now: GRVT against tradeXYZ−0.078%46s7-day average +0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$540.540% of the position
Funding, last 7 days−0.176%−$18 on $10k
+Price spread, last 4 days (all we have)+0.192%+$19 · spread now −0.078%, 7d avg +0.057%
=Together, before fees+0.016%+ Points / potential airdroptradeXYZ: Active · GRVT: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and GRVT is 0.135% cheaper against tradeXYZ than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.057%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.176% in total (about -9.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:QCOM | 196.03 | 0.0489 | pay 0.0061% / 1h | 18m 33s | $7.3M | $2.3M | 10x |
| Short | GRVT QCOM_USDT_Perp | 195.88 | 0 | get 0.0000% / 8h | 6h 18m | $6K | $193K | 10x |
tradeXYZ xyz:QCOM
GRVT QCOM_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against tradeXYZ. 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
- −$102.67
- Price spread: −0.078% → +0.057%
- −$13.52
- Slippage, 4 orders
- −$26.97
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$170.16
- Costs to cover
- 0.540%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 10 min ago; GRVT: live order book, 49 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 tradeXYZ live order book, 10 min ago | 1.02 bp | 12.9 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 49 min ago | 2.04 bp | 14.2 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
QCOM on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX QCOMUSDC | −0.0503% | 4h | 195.80 | −0.120% | $81K | $269K | 10x | as long as short |
| Aster QCOMUSDT | 0.0000% | 8h | 195.89 | −0.070% | $18K | $11K | 20x | as long as short |
| Bybit QCOMUSDT | 0.0000% | 8h | 195.89 | −0.071% | $2.0M | $1.5M | 25x | as long as short |
| OKX QCOM-USDT-SWAP | 0.0000% | 8h | 195.92 | −0.056% | $1.8M | $3.7M | 20x | as long as short |
| Gate QCOM_USDT | 0.0000% | 8h | 195.89 | −0.071% | $4.5M | $3.2M | 50x | as long as short |
| Bitget QCOMUSDT | 0.0000% | 8h | 195.79 | −0.122% | $1.3M | $1.1M | 20x | as long as short |
| GRVT QCOM_USDT_Perpshort | 0.0000% | 8h | 195.88 | −0.078% | $6K | $193K | 10x | |
| SunX QCOM-USDT | 0.0000% | 8h | 195.89 | −0.071% | $968 | $4.6M | 10x | as long as short |
| HTX QCOM-USDT | 0.0000% | 8h | 195.88 | −0.077% | $10K | $10K | 20x | as long as short |
| Phemex QCOMUSDT | 0.0000% | 8h | 195.92 | −0.056% | $1.6M | $968K | 10x | as long as short |
edgeX QCOMUSDC
Aster QCOMUSDT
Bybit QCOMUSDT
OKX QCOM-USDT-SWAP
Gate QCOM_USDT
Bitget QCOMUSDT
SunX QCOM-USDT
HTX QCOM-USDT
Phemex QCOMUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QCOM | +0.0032% | 1h | 195.75 | −0.143% | — | — | 10x | as long as short |
| QFEX QCOM-USD | +0.0043% | 1h | 195.83 | −0.102% | $1.2M | $2.9M | 10x | as long as short |
| Polymarket Perps QCOM-USD | +0.0074% | 1h | 195.98 | −0.026% | $84K | $879K | 10x | as long as short |
| KuCoin QCOMUSDTM | +0.0100% | 8h | 195.64 | −0.199% | $319K | $536K | 20x | as long as short |
| Variational Omni QCOM | +0.0144% | 8h | 195.80 | −0.118% | $322K | $74K | — | as long as short |
| Extended QCOM-USD | +0.0184% | 1h | 195.83 | −0.104% | $102K | $407K | 10x | as long as short |
| Binance QCOMUSDT | +0.0185% | 8h | 195.88 | −0.075% | $10.8M | $22.8M | 20x | as long as short |
| Injective QCOM/USDC PERP | +0.0220% | 1h | 214.41 | +9.376% | $25K | $25K | 12x | as long as short |
| Phoenix QCOM | +0.0326% | 1h | 195.91 | −0.061% | $98K | $239K | 10x | as long as short |
| tradeXYZ xyz:QCOMlong | +0.0489% | 1h | 196.03 | long leg | $7.3M | $2.3M | 10x |
Lighter QCOM
QFEX QCOM-USD
Polymarket Perps QCOM-USD
KuCoin QCOMUSDTM
Variational Omni QCOM
Extended QCOM-USD
Binance QCOMUSDT
Injective QCOM/USDC PERP
Phoenix QCOM