Funding you earn now, next payment 22:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h +0.008%
Price spread now: Coinbase International against GRVT−0.087%76s7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as 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−$220.219% of the position
Funding, last 7 days+0.016%+$2 on $10k
+Price spread, last 3 days (all we have)+0.126%+$13 · spread now −0.087%, 7d avg −0.078%
=Together, before fees+0.142%+ Points / potential airdropGRVT: Active · farm board+$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.078%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 76 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 | 742.70 | 0.0170 | pay 0.0170% / 8h | 1h 15m | $319K | $1.8M | 10x |
| Short | Coinbase International QQQ-PERP-INTX | 742.05 | 0.0088 | get 0.0011% / 1h | 15m 57s | $1.2M | $866K | 20x |
GRVT QQQ_USDT_Perp
Coinbase International QQQ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$17.22
- Price spread: −0.087% → −0.078%
- −$0.87
- Slippage, 4 orders
- −$2.88
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$39.97
- Costs to cover
- 0.219%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 2 min ago; Coinbase International: 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, 2 min ago | 0.47 bp | 5.0 bp −$5 | 5.7 bp −$57 | 2131.2 bp −$213.1K | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 0.07 bp | 5.8 bp −$6 | 7.1 bp −$71 | 49.8 bp −$4,977 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX QQQ/USD [ETH-USDC] | L −0.0073% / S +0.0184% | 1h | 742.47 | −0.031% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0042% | 1h | 741.35 | −0.181% | $4.2M | $2.1M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0028% | 8h | 742.22 | −0.064% | $1.0M | $479K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.31 | −0.052% | $840K | $780K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.23 | −0.063% | $21.5M | $27.8M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.03 | −0.090% | $3.1M | $32.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.88 | +0.025% | $2K | $2.4M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 742.11 | −0.079% | $424K | $227K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.83 | +0.018% | $257K | $26K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.82 | +0.017% | $356K | $1.4M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDT
Phemex QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH QQQ | +0.0032% | 1h | 742.67 | −0.004% | $37.7M | $81.8M | 50x | as long as short |
| Lighter QQQ | +0.0040% | 1h | 742.32 | −0.051% | $7.8M | $21.6M | 30x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.72 | −0.131% | $737K | $1.4M | 25x | as long as short |
| Variational Omni QQQ | +0.0040% | 8h | 742.53 | −0.022% | $17.2M | $10.0M | — | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.98 | +0.038% | — | $621K | 50x | as long as short |
| Binance QQQUSDT | +0.0068% | 8h | 742.46 | −0.032% | $69.7M | $159.9M | 25x | as long as short |
| Coinbase International QQQ-PERP-INTXshort | +0.0088% | 1h | 742.05 | −0.087% | $1.2M | $866K | 20x | |
| Bybit QQQUSDT | +0.0088% | 8h | 742.41 | −0.039% | $10.7M | $5.3M | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.08 | −0.083% | $3.4M | $431K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.26 | −0.059% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.14 | −0.210% | $12K | $20K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.77 | −0.125% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0158% | 1h | 742.06 | −0.085% | $1.5M | $1.3M | 20x | as long as short |
| GRVT QQQ_USDT_Perplong | +0.0170% | 8h | 742.70 | long leg | $319K | $1.8M | 10x | |
| Bitget QQQUSDT | +0.0195% | 8h | 742.46 | −0.032% | $16.8M | $7.0M | 20x | as long as short |
| Phoenix QQQ | +0.0259% | 1h | 742.12 | −0.078% | $38K | $73K | 20x | as long as short |
| edgeX QQQUSDC | +0.0270% | 4h | 742.52 | −0.024% | $759K | $336K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0315% | 1h | 742.61 | −0.012% | $5.3M | $8.9M | 25x | as long as short |
Lighter RH QQQ
Lighter QQQ
Arcus QQQ-USD
Variational Omni QQQ
Vest QQQ-USD-PERP
Binance QQQUSDT
Bybit QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Bitget QQQUSDT
Phoenix QQQ
edgeX QQQUSDC
RISEx QQQ/USDC