Funding you earn now, next payment 10:00 UTC−0.0152%/8h= −16.6% APRpaid last 24h −0.045%
Price spread now: Arcus against GRVT−0.143%54s7-day average −0.191% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$200.200% of the position
Funding, last 4 days (all we have)−0.085%−$8 on $10k
+Price spread, last 7 days+0.003%$0 · spread now −0.143%, 7d avg −0.191%
=Together, before fees−0.081%+ Points / potential airdropGRVT: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Arcus is 0.047% dearer against GRVT than usual: you sell high and buy low (spread −0.143% now, against its 7-day average of −0.191%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 4 days (−0.085% in total) that is about 2.1 days. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT QQQ_USDT_Perp | 741.91 | 0.0192 | pay 0.0192% / 8h | 6h 18m | $317K | $2.0M | 10x |
| Short | Arcus QQQ-USD | 740.85 | 0.0040 | get 0.0005% / 1h | 18m 26s | $648K | $1.4M | 25x |
GRVT QQQ_USDT_Perp
Arcus QQQ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against GRVT. 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
- −$31.86
- Price spread: −0.143% → −0.191%
- $4.73
- Slippage, 4 orders
- −$6.49
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$47.12
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 3 min ago; Arcus: 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 GRVT live order book, 3 min ago | 0.61 bp | 5.1 bp −$5 | 5.5 bp −$55 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 3 min ago | 0.81 bp | 5.0 bp −$5 | 5.2 bp −$52 | doesn't fit | doesn't fit |
QQQ on 28 exchanges
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 −0.0200% / S +0.0283% | 1h | 741.76 | −0.020% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0107% | 1h | 740.41 | −0.203% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0003% | 8h | 741.49 | −0.057% | $1.1M | $227K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.78 | −0.018% | $857K | $902K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.48 | −0.058% | $21.7M | $29.7M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.50 | −0.056% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.28 | −0.085% | $3.5M | $20.3M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 741.95 | +0.005% | $16.6M | $5.3M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.16 | +0.033% | $2K | $1.5M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 741.83 | −0.011% | $251K | $38K | 30x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 742.36 | +0.060% | $362K | $1.6M | 10x | as long as short |
| Variational Omni QQQ | +0.0025% | 8h | 741.58 | −0.044% | $16.8M | $7.2M | — | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.46 | −0.061% | $7.5M | $15.0M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 741.85 | −0.009% | $38.4M | $78.0M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 741.32 | −0.080% | $1.2M | $526K | 20x | as long as short |
| Arcus QQQ-USDshort | +0.0040% | 1h | 740.85 | −0.143% | $648K | $1.4M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.70 | +0.106% | — | $337K | 50x | as long as short |
| Bybit QQQUSDT | +0.0047% | 8h | 741.76 | −0.021% | $10.6M | $4.9M | 50x | as long as short |
| Binance QQQUSDT | +0.0053% | 8h | 741.82 | −0.013% | $71.0M | $141.2M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.28 | −0.085% | $3.4M | $447K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.16 | −0.102% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.41 | −0.068% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 740.87 | −0.141% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0118% | 1h | 741.29 | −0.085% | $1.6M | $795K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0141% | 1h | 741.44 | −0.064% | $424K | $125K | 20x | as long as short |
| GRVT QQQ_USDT_Perplong | +0.0192% | 8h | 741.91 | long leg | $317K | $2.0M | 10x | |
| Phoenix QQQ | +0.0280% | 1h | 741.22 | −0.093% | $38K | $59K | 20x | as long as short |
| edgeX QQQUSDC | +0.0933% | 4h | 741.58 | −0.044% | $758K | $336K | 20x | as long as short |
Phemex QQQUSDT
Variational Omni QQQ
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Vest QQQ-USD-PERP
Bybit QQQUSDT
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
Phoenix QQQ
edgeX QQQUSDC