Funding you earn now, next payment 08:00 UTC−0.0104%/8h= −11.4% APRnext payment −$1.04 per $10,000 · paid last 24h +0.007%
Price spread now: Binance against GRVT−0.005%109s7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$200.205% of the position
Funding, last 7 days−0.262%−$26 on $10k
+Price spread, last 2 days (all we have)−0.005%$0 · spread now −0.005%, 7d avg −0.015%
=Together, before fees−0.267%+ Points / potential airdropGRVT: Active · farm board−$27 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 109 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 | 744.39 | 0.0183 | pay 0.0183% / 8h | 6h 03m | $322K | $1.9M | 10x |
| Short | Binance QQQUSDT | 744.35 | 0.0079 | get 0.0079% / 8h | 6h 03m | $71.1M | $145.6M | 25x |
GRVT QQQ_USDT_Perp
Binance QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$21.89
- Price spread: −0.005% → −0.015%
- $0.99
- Slippage, 4 orders
- −$1.48
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$41.38
- Costs to cover
- 0.205%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 5 min ago; Binance: live order book, 9 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, 5 min ago | 0.07 bp | 5.8 bp −$6 | 6.6 bp −$66 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 0.07 bp | 5.1 bp −$5 | 5.4 bp −$54 | 9.9 bp −$990 | 26.2 bp −$13.1K |
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 −0.0103% / S +0.0207% | 1h | 744.38 | −0.001% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0067% | 1h | 743.56 | −0.112% | $4.2M | $1.9M | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.41 | +0.003% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.28 | −0.015% | $21.7M | $26.3M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.91 | −0.065% | $3.3M | $23.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.47 | +0.011% | $16.9M | $5.8M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.82 | +0.058% | $2K | $2.0M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.58 | +0.026% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.73 | +0.046% | $361K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0003% | 8h | 744.41 | +0.002% | $841K | $713K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX QQQUSDC | +0.0016% | 4h | 744.30 | −0.011% | $761K | $334K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.12 | −0.036% | $7.7M | $17.8M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.57 | +0.024% | $37.3M | $80.6M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.49 | −0.121% | $705K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.34 | +0.128% | — | $337K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0048% | 1h | 743.65 | −0.099% | $1.2M | $533K | 20x | as long as short |
| Variational Omni QQQ | +0.0055% | 8h | 744.30 | −0.011% | $17.1M | $7.6M | — | as long as short |
| Binance QQQUSDTshort | +0.0079% | 8h | 744.35 | −0.005% | $71.1M | $145.6M | 25x | |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.03 | −0.048% | $3.4M | $412K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.98 | −0.055% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.12 | −0.036% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.55 | −0.112% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0122% | 1h | 743.94 | −0.060% | $1.5M | $946K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0168% | 1h | 744.42 | +0.005% | $5.4M | $8.0M | 25x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0180% | 1h | 744.19 | −0.027% | $425K | $149K | 20x | as long as short |
| Phoenix QQQ | +0.0183% | 1h | 743.76 | −0.085% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perplong | +0.0183% | 8h | 744.39 | long leg | $322K | $1.9M | 10x |
edgeX QQQUSDC
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
RISEx QQQ/USDC
Deribit QQQ_USDC-PERPETUAL
Phoenix QQQ