Funding you earn now, next payment 08:00 UTC−0.0227%/8h= −24.9% APRnext payment −$2.27 per $10,000 · paid last 24h −0.005%
Price spread now: Bybit against GRVT−0.008%60s7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as 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−$260.255% of the position
Funding, last 7 days−0.191%−$19 on $10k
+Price spread, last 3 days (all we have)−0.007%−$1 · spread now −0.008%, 7d avg +0.006%
=Together, before fees−0.197%+ Points / potential airdropGRVT: Active · farm board−$20 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. The two prices were read 60 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 | 744.26 | 0.0268 | pay 0.0268% / 8h | 7h 36m | $316K | $1.8M | 10x |
| Short | Bybit QQQUSDT | 744.20 | 0.0041 | get 0.0041% / 8h | 7h 36m | $10.7M | $4.9M | 50x |
GRVT QQQ_USDT_Perp
Bybit QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$47.72
- Price spread: −0.008% → +0.006%
- −$1.41
- Slippage, 4 orders
- −$5.53
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$74.66
- Costs to cover
- 0.255%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago | 0.47 bp | 5.0 bp −$5 | 5.5 bp −$55 | 2469.0 bp −$246.9K | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.87 bp | 7.3 bp −$7 | 8.3 bp −$83 | 55.6 bp −$5,558 | 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 | −0.0363% | 1h | 742.15 | −0.283% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0084% / S +0.0192% | 1h | 744.30 | +0.006% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0014% | 8h | 744.05 | −0.028% | $1.1M | $318K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.91 | −0.048% | $841K | $739K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.13 | −0.017% | $21.5M | $25.1M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.87 | −0.052% | $3.2M | $27.3M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.76 | +0.067% | $2K | $2.2M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.29 | +0.004% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.73 | +0.063% | $360K | $1.4M | 10x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.07 | −0.025% | $7.6M | $18.2M | 30x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
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 | 744.46 | +0.027% | $37.3M | $79.7M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.45 | −0.109% | $747K | $1.5M | 25x | as long as short |
| Bybit QQQUSDTshort | +0.0041% | 8h | 744.20 | −0.008% | $10.7M | $4.9M | 50x | |
| Variational Omni QQQ | +0.0045% | 8h | 744.00 | −0.035% | $17.1M | $10.3M | — | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.78 | +0.070% | — | $306K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0059% | 1h | 744.02 | −0.032% | $425K | $147K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 743.73 | −0.071% | $1.2M | $552K | 20x | as long as short |
| Binance QQQUSDT | +0.0074% | 8h | 744.28 | +0.003% | $71.1M | $153.2M | 25x | as long as short |
| edgeX QQQUSDC | +0.0087% | 4h | 744.00 | −0.035% | $761K | $336K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.87 | −0.052% | $3.4M | $414K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.72 | −0.072% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.00 | −0.035% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.42 | −0.113% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0117% | 1h | 743.83 | −0.058% | $1.5M | $1.2M | 20x | as long as short |
| Bitget QQQUSDT | +0.0177% | 8h | 744.34 | +0.011% | $16.9M | $6.6M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.28 | +0.003% | $5.5M | $8.7M | 25x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 743.74 | −0.070% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perplong | +0.0268% | 8h | 744.26 | long leg | $316K | $1.8M | 10x |
Lighter RH QQQ
Arcus QQQ-USD
Variational Omni QQQ
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
edgeX QQQUSDC
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Bitget QQQUSDT
RISEx QQQ/USDC
Phoenix QQQ