Funding you earn now, next payment 04:00 UTC−0.0546%/8h= −59.8% APRpaid last 24h +0.064%
Price spread now: GRVT against edgeX+0.029%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$270.274% of the position
Funding, last 7 days+0.162%+$16 on $10k
+Price spread, last 3 days (all we have)+0.002%$0 · spread now +0.029%, 7d avg +0.036%
=Together, before fees+0.165%+ Points / potential airdropedgeX: Active · GRVT: Active · farm board+$16 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: −$16 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.162%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.162% in total (about 8.5% 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 | edgeX QQQUSDC | 743.73 | 0.0662 | pay 0.0331% / 4h | 3h 53m | $760K | $335K | 20x |
| Short | GRVT QQQ_USDT_Perp | 743.95 | 0.0116 | get 0.0116% / 8h | 7h 53m | $316K | $1.8M | 10x |
edgeX QQQUSDC
GRVT QQQ_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against edgeX. 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
- −$114.72
- Price spread: +0.029% → +0.036%
- −$0.66
- Slippage, 4 orders
- −$9.42
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$142.8
- Costs to cover
- 0.274%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 20 min ago; GRVT: 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 edgeX live order book, 20 min ago | 4.10 bp | 8.7 bp −$9 | 9.7 bp −$97 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 4 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 | −0.0350% | 1h | 742.30 | −0.193% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0081% / S +0.0190% | 1h | 743.97 | +0.031% | $25K | — | 26x | as long as short |
| Gate QQQ_USDT | −0.0028% | 8h | 743.31 | −0.057% | $3.1M | $26.1M | 50x | as long as short |
| BloFin QQQ-USDT | −0.0018% | 8h | 743.81 | +0.010% | $1.0M | $318K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.54 | −0.027% | $841K | $757K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.80 | +0.009% | $21.5M | $25.4M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.43 | +0.094% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.14 | −0.080% | $257K | $28K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.97 | +0.032% | $363K | $1.4M | 10x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.77 | +0.005% | $7.6M | $18.1M | 30x | 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
Lighter QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH QQQ | +0.0032% | 1h | 744.06 | +0.044% | $37.4M | $78.6M | 50x | as long as short |
| Variational Omni QQQ | +0.0040% | 8h | 743.83 | +0.014% | $17.1M | $10.8M | — | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.99 | −0.100% | $747K | $1.5M | 25x | as long as short |
| Bybit QQQUSDT | +0.0041% | 8h | 743.98 | +0.033% | $10.7M | $4.8M | 50x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.49 | +0.102% | — | $388K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 743.51 | −0.030% | $1.2M | $626K | 20x | as long as short |
| Binance QQQUSDT | +0.0068% | 8h | 744.00 | +0.036% | $70.9M | $156.3M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.57 | −0.022% | $3.4M | $413K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.44 | −0.039% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.64 | −0.012% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.32 | −0.055% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0107% | 1h | 743.45 | −0.038% | $1.5M | $1.2M | 20x | as long as short |
| GRVT QQQ_USDT_Perpshort | +0.0116% | 8h | 743.95 | +0.029% | $316K | $1.8M | 10x | |
| Bitget QQQUSDT | +0.0170% | 8h | 743.95 | +0.029% | $16.9M | $6.6M | 20x | as long as short |
| Phoenix QQQ | +0.0194% | 1h | 743.43 | −0.041% | $38K | $66K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 743.89 | +0.021% | $5.6M | $9.0M | 25x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0275% | 1h | 743.94 | +0.028% | $425K | $147K | 20x | as long as short |
| edgeX QQQUSDClong | +0.0662% | 4h | 743.73 | long leg | $760K | $335K | 20x |
Lighter RH QQQ
Variational Omni QQQ
Arcus QQQ-USD
Bybit QQQUSDT
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Bitget QQQUSDT
Phoenix QQQ
RISEx QQQ/USDC
Deribit QQQ_USDC-PERPETUAL