Funding you earn now, next payment 23:00 UTC+0.0130%/8h= +14.2% APRpaid last 24h +0.003%
Price spread now: GRVT against Arcus+0.134%7-day average +0.168% · 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−$23as in the Price arb table
costs, in and out, $10k−$200.197% of the position
Funding, last 3 days (all we have)+0.007%+$1 on $10k
+Price spread, last 3 days (all we have)+0.003%$0 · spread now +0.134%, 7d avg +0.168%
=Together, before fees+0.011%+ Points / potential airdropGRVT: Active · farm board+$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.033% cheaper against Arcus than usual: you would sell low and buy high (spread +0.134% now, against its 7-day average of +0.168%). If the spread goes back, that is −$3 on $10k: about 21 hours of funding at the current rate (+$4 a day). At the pace of the last 3 days (+0.007% in total) that is about 15 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus QQQ-USD | 741.70 | 0.0040 | pay 0.0005% / 1h | 17m 37s | $737K | $1.4M | 25x |
| Short | GRVT QQQ_USDT_Perp | 742.70 | 0.0170 | get 0.0170% / 8h | 1h 17m | $319K | $1.8M | 10x |
Arcus QQQ-USD
GRVT QQQ_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Arcus. 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
- $27.24
- Price spread: +0.134% → +0.168%
- −$3.34
- Slippage, 4 orders
- −$6.18
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $4.23
- Costs to cover
- 0.197%
- Break-even
- 5.9 days
Slippage from Arcus: live order book, 1 min ago; GRVT: live order book, 6 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 Arcus live order book, 1 min ago | 0.67 bp | 2.9 bp −$3 | 2.9 bp −$29 | 11.3 bp −$1,135 | doesn't fit |
| Sell GRVT live order book, 6 min ago | 0.67 bp | 5.2 bp −$5 | 7.0 bp −$70 | 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 −0.0073% / S +0.0184% | 1h | 742.58 | +0.118% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0042% | 1h | 741.35 | −0.047% | $4.2M | $2.1M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.32 | +0.083% | $840K | $780K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.25 | +0.074% | $21.5M | $27.8M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.03 | +0.044% | $3.1M | $32.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.00 | +0.175% | $2K | $2.4M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 742.17 | +0.063% | $424K | $227K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.83 | +0.152% | $257K | $26K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.17 | +0.198% | $355K | $1.5M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0026% | 8h | 742.22 | +0.070% | $1.0M | $479K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH QQQ | +0.0032% | 1h | 742.70 | +0.135% | $37.7M | $81.7M | 50x | as long as short |
| Lighter QQQ | +0.0040% | 1h | 742.33 | +0.085% | $7.8M | $21.6M | 30x | as long as short |
| Arcus QQQ-USDlong | +0.0040% | 1h | 741.70 | long leg | $737K | $1.4M | 25x | |
| Variational Omni QQQ | +0.0040% | 8h | 742.53 | +0.112% | $17.2M | $10.0M | — | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.97 | +0.171% | — | $621K | 50x | as long as short |
| Binance QQQUSDT | +0.0068% | 8h | 742.44 | +0.100% | $69.7M | $159.9M | 25x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0088% | 1h | 742.05 | +0.047% | $1.2M | $870K | 20x | as long as short |
| Bybit QQQUSDT | +0.0090% | 8h | 742.44 | +0.100% | $10.7M | $5.3M | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.08 | +0.051% | $3.4M | $433K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.26 | +0.076% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 740.35 | −0.182% | $12K | $20K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.84 | +0.019% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0157% | 1h | 742.06 | +0.049% | $1.5M | $1.3M | 20x | as long as short |
| GRVT QQQ_USDT_Perpshort | +0.0170% | 8h | 742.70 | +0.134% | $319K | $1.8M | 10x | |
| Bitget QQQUSDT | +0.0196% | 8h | 742.46 | +0.102% | $16.8M | $7.0M | 20x | as long as short |
| Phoenix QQQ | +0.0259% | 1h | 742.27 | +0.077% | $38K | $73K | 20x | as long as short |
| edgeX QQQUSDC | +0.0270% | 4h | 742.52 | +0.111% | $759K | $336K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0315% | 1h | 742.61 | +0.122% | $5.3M | $8.9M | 25x | as long as short |
Lighter RH QQQ
Lighter QQQ
Variational Omni QQQ
Vest QQQ-USD-PERP
Binance QQQUSDT
Coinbase International QQQ-PERP-INTX
Bybit QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Bitget QQQUSDT
Phoenix QQQ
edgeX QQQUSDC
RISEx QQQ/USDC