Funding you earn now, next payment 03:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.005%
Price spread now: GRVT against Deribit+0.031%7-day average +0.076% · 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−$27as in the Price arb table
costs, in and out, $10k−$230.227% of the position
Funding, last 5 days (all we have)−0.018%−$2 on $10k
+Price spread, last 3 days (all we have)+0.041%+$4 · spread now +0.031%, 7d avg +0.076%
=Together, before fees+0.023%+ Points / potential airdropGRVT: Active · farm board+$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.045% cheaper against Deribit than usual: you would sell low and buy high (spread +0.031% now, against its 7-day average of +0.076%). If the spread goes back, that is −$4 on $10k: about 41 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit QQQ_USDC-PERPETUAL | 744.24 | 0.0086 | pay 0.0011% / 1h | 57m 11s | $425K | $149K | 20x |
| Short | GRVT QQQ_USDT_Perp | 744.47 | 0.0174 | get 0.0174% / 8h | 5h 57m | $322K | $1.9M | 10x |
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Deribit. 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
- $18.47
- Price spread: +0.031% → +0.076%
- −$4.47
- Slippage, 4 orders
- −$6.65
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$8.66
- Costs to cover
- 0.227%
- Break-even
- 10.3 days
Slippage from Deribit: live order book, 7 min ago; GRVT: live order book, 1 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 Deribit live order book, 7 min ago | 0.07 bp | 3.6 bp −$4 | 3.6 bp −$36 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 1 min ago | 0.54 bp | 5.0 bp −$5 | 5.8 bp −$58 | doesn't fit | doesn't fit |
QQQ on 27 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 −0.0105% / S +0.0209% | 1h | 744.51 | +0.037% | $25K | — | 26x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.41 | +0.023% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.38 | +0.019% | $21.7M | $26.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.47 | +0.031% | $5.4M | $7.9M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.15 | −0.012% | $3.3M | $20.1M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.57 | +0.044% | $16.9M | $5.8M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.95 | +0.095% | $2K | $2.0M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.72 | +0.064% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.67 | +0.058% | $357K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.41 | +0.023% | $841K | $713K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | +0.0031% | 1h | 743.21 | −0.138% | $4.2M | $1.9M | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.27 | +0.004% | $7.7M | $17.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.70 | +0.062% | $37.4M | $78.2M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 743.88 | −0.048% | $1.2M | $532K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.43 | −0.109% | $705K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.43 | +0.160% | — | $337K | 50x | as long as short |
| Variational Omni QQQ | +0.0053% | 8h | 744.24 | +0.001% | $17.1M | $7.6M | — | as long as short |
| Binance QQQUSDT | +0.0077% | 8h | 744.50 | +0.035% | $71.2M | $145.1M | 25x | as long as short |
| Deribit QQQ_USDC-PERPETUALlong | +0.0086% | 1h | 744.24 | long leg | $425K | $149K | 20x | |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.12 | −0.016% | $3.4M | $412K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.90 | −0.046% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.23 | −0.001% | $12K | $21K | 20x | as long as short |
| Nado QQQ-PERP | +0.0102% | 1h | 744.06 | −0.024% | $1.5M | $933K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.64 | −0.080% | $93K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perpshort | +0.0174% | 8h | 744.47 | +0.031% | $322K | $1.9M | 10x | |
| Phoenix QQQ | +0.0183% | 1h | 744.04 | −0.027% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0258% | 4h | 744.28 | +0.005% | $761K | $335K | 20x | as long as short |
Ondo Perps QQQ-USD.P
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Nado QQQ-PERP
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC