Funding you earn now, next payment 08:00 UTC−0.0095%/8h= −10.4% APRnext payment −$0.95 per $10,000 · paid last 24h −0.041%
Price spread now: BloFin against GRVT−0.046%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$230.230% of the position
Funding, last 7 days−0.412%−$41 on $10k
+Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.046%, 7d avg −0.053%
=Together, before fees−0.322%+ Points / potential airdropGRVT: Active · farm board−$32 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.053%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT QQQ_USDT_Perp | 744.56 | 0.0096 | pay 0.0096% / 8h | 4h 16m | $324K | $1.9M | 10x |
| Short | BloFin QQQ-USDT | 744.22 | 0.0001 | get 0.0001% / 8h | 4h 16m | $1.1M | $261K | 20x |
GRVT QQQ_USDT_Perp
BloFin QQQ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$20.04
- Price spread: −0.046% → −0.053%
- $0.78
- Slippage, 4 orders
- −$2.01
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$42.27
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 1 min ago; BloFin: live order book, just now.
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, 1 min ago | 0.94 bp | 5.4 bp −$5 | 5.6 bp −$56 | doesn't fit | doesn't fit |
| Sell BloFin live order book, just now | 0.07 bp | 6.1 bp −$6 | 7.0 bp −$70 | 11.0 bp −$1,098 | 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 | −0.0149% | 1h | 743.30 | −0.169% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0126% / S +0.0225% | 1h | 744.38 | −0.023% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.33 | −0.032% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.41 | −0.020% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.21 | −0.047% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.50 | −0.008% | $5.4M | $7.4M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.86 | −0.094% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.49 | −0.009% | $16.9M | $5.7M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 744.50 | −0.008% | $17.1M | $7.4M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.83 | +0.036% | $1K | $1.9M | 10x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 744.02 | −0.072% | $425K | $150K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.65 | +0.012% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.68 | +0.016% | $360K | $1.5M | 10x | as long as short |
| BloFin QQQ-USDTshort | +0.0001% | 8h | 744.22 | −0.046% | $1.1M | $261K | 20x | |
| Coinbase International QQQ-PERP-INTX | +0.0008% | 1h | 743.80 | −0.102% | $1.2M | $537K | 20x | as long as short |
| Binance QQQUSDT | +0.0028% | 8h | 744.37 | −0.026% | $71.0M | $141.5M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.22 | −0.046% | $7.7M | $16.4M | 30x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.78 | −0.105% | $698K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.37 | +0.109% | — | $337K | 50x | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 744.67 | +0.015% | $37.0M | $79.6M | 50x | as long as short |
| Nado QQQ-PERP | +0.0091% | 1h | 744.07 | −0.066% | $1.5M | $864K | 20x | as long as short |
| GRVT QQQ_USDT_Perplong | +0.0096% | 8h | 744.56 | long leg | $324K | $1.9M | 10x | |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.08 | −0.064% | $3.4M | $362K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.11 | −0.060% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.09 | −0.063% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.54 | −0.137% | $93K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 743.94 | −0.083% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0250% | 4h | 744.36 | −0.028% | $761K | $335K | 20x | as long as short |
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Lighter RH QQQ
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC