Funding you earn now, next payment 00:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h −0.017%
Price spread now: GRVT against Coinbase International+0.059%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$220.219% of the position
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 3 days (all we have)−0.072%−$7 · spread now +0.059%, 7d avg +0.079%
=Together, before fees−0.088%+ Points / potential airdropGRVT: Active · farm board−$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.079%, 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 | Coinbase International QQQ-PERP-INTX | 743.51 | 0.0064 | pay 0.0008% / 1h | 54m 57s | $1.2M | $630K | 20x |
| Short | GRVT QQQ_USDT_Perp | 743.95 | 0.0116 | get 0.0116% / 8h | 7h 54m | $316K | $1.8M | 10x |
Coinbase International QQQ-PERP-INTX
GRVT QQQ_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Coinbase International. 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
- $10.92
- Price spread: +0.059% → +0.079%
- −$1.95
- Slippage, 4 orders
- −$2.87
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$12.9
- Costs to cover
- 0.219%
- Break-even
- 15.3 days
Slippage from Coinbase International: live order book, 4 min ago; GRVT: 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 Coinbase International live order book, 4 min ago | 0.07 bp | 5.1 bp −$5 | 7.3 bp −$73 | 44.9 bp −$4,494 | doesn't fit |
| Sell GRVT live order book, 3 min ago | 0.54 bp | 5.0 bp −$5 | 6.0 bp −$60 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0351% | 1h | 742.19 | −0.178% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0080% / S +0.0190% | 1h | 743.86 | +0.046% | $25K | — | 26x | as long as short |
| Gate QQQ_USDT | −0.0044% | 8h | 743.29 | −0.030% | $3.1M | $26.0M | 50x | as long as short |
| BloFin QQQ-USDT | −0.0018% | 8h | 743.81 | +0.040% | $1.0M | $318K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.45 | −0.008% | $841K | $757K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.70 | +0.026% | $21.5M | $25.4M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.28 | +0.104% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.14 | −0.050% | $257K | $28K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.92 | +0.055% | $362K | $1.4M | 10x | as long as short |
| Bybit QQQUSDT | +0.0031% | 8h | 744.00 | +0.066% | $10.7M | $4.8M | 50x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Gate QQQ_USDT
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Bybit QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 743.64 | +0.017% | $7.6M | $18.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.98 | +0.063% | $37.4M | $78.5M | 50x | as long as short |
| Variational Omni QQQ | +0.0040% | 8h | 743.83 | +0.044% | $17.1M | $10.8M | — | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.91 | −0.081% | $747K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.41 | +0.121% | — | $392K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTXlong | +0.0064% | 1h | 743.51 | long leg | $1.2M | $630K | 20x | |
| Binance QQQUSDT | +0.0068% | 8h | 743.89 | +0.051% | $70.9M | $156.5M | 25x | as long as short |
| Nado QQQ-PERP | +0.0098% | 1h | 743.52 | +0.002% | $1.5M | $1.2M | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.48 | −0.004% | $3.4M | $413K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.44 | −0.009% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.57 | +0.008% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.24 | −0.037% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perpshort | +0.0116% | 8h | 743.95 | +0.059% | $316K | $1.8M | 10x | |
| Deribit QQQ_USDC-PERPETUAL | +0.0167% | 1h | 743.69 | +0.024% | $425K | $147K | 20x | as long as short |
| Bitget QQQUSDT | +0.0170% | 8h | 743.92 | +0.055% | $16.9M | $6.6M | 20x | as long as short |
| Phoenix QQQ | +0.0194% | 1h | 743.43 | −0.011% | $38K | $66K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 743.92 | +0.055% | $5.6M | $9.0M | 25x | as long as short |
| edgeX QQQUSDC | +0.0662% | 4h | 743.73 | +0.030% | $760K | $335K | 20x | as long as short |
Lighter QQQ
Lighter RH QQQ
Variational Omni QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Binance QQQUSDT
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
Bitget QQQUSDT
Phoenix QQQ
RISEx QQQ/USDC
edgeX QQQUSDC