Funding you earn now, next payment 03:00 UTC−0.0147%/8h= −16.1% APRpaid last 24h −0.005%
Price spread now: Deribit against GRVT−0.056%7-day average −0.076% · 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−$21as in the Price arb table
costs, in and out, $10k−$230.225% of the position
Funding, last 5 days (all we have)+0.018%+$2 on $10k
+Price spread, last 3 days (all we have)−0.016%−$2 · spread now −0.056%, 7d avg −0.076%
=Together, before fees+0.002%+ Points / potential airdropGRVT: Active · farm board$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.076%, so right now this pair is about funding alone: −$4 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 | 744.41 | 0.0179 | pay 0.0179% / 8h | 5h 58m | $322K | $1.9M | 10x |
| Short | Deribit QQQ_USDC-PERPETUAL | 743.99 | 0.0032 | get 0.0004% / 1h | 58m 25s | $425K | $149K | 20x |
GRVT QQQ_USDT_Perp
Deribit QQQ_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$30.8
- Price spread: −0.056% → −0.076%
- $1.92
- Slippage, 4 orders
- −$6.52
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$51.4
- Costs to cover
- 0.225%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 5 min ago; Deribit: live order book, 5 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 | 0.47 bp | 5.0 bp −$5 | 5.7 bp −$57 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 5 min ago | 0.07 bp | 9.0 bp −$9 | 10.5 bp −$105 | doesn't fit | doesn't fit |
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 −0.0105% / S +0.0208% | 1h | 744.43 | +0.003% | $25K | — | 26x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.41 | 0.000% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.35 | −0.008% | $21.7M | $26.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.39 | −0.002% | $5.4M | $8.0M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.95 | −0.062% | $3.3M | $20.0M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.47 | +0.008% | $16.9M | $5.8M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.65 | +0.032% | $2K | $2.0M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.65 | +0.032% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.56 | +0.020% | $357K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.38 | −0.004% | $841K | $713K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 744.15 | −0.035% | $7.7M | $17.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.56 | +0.020% | $37.4M | $78.1M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 743.88 | −0.071% | $1.2M | $532K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUALshort | +0.0032% | 1h | 743.99 | −0.056% | $425K | $149K | 20x | |
| Arcus QQQ-USD | +0.0040% | 1h | 743.40 | −0.136% | $705K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.33 | +0.124% | — | $337K | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 743.21 | −0.161% | $4.2M | $1.9M | 20x | as long as short |
| Variational Omni QQQ | +0.0053% | 8h | 744.24 | −0.022% | $17.1M | $7.6M | — | as long as short |
| Binance QQQUSDT | +0.0077% | 8h | 744.44 | +0.004% | $71.2M | $145.2M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.03 | −0.051% | $3.4M | $412K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.97 | −0.059% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.14 | −0.036% | $12K | $21K | 20x | as long as short |
| Nado QQQ-PERP | +0.0102% | 1h | 743.97 | −0.058% | $1.5M | $933K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.46 | −0.127% | $93K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perplong | +0.0179% | 8h | 744.41 | long leg | $322K | $1.9M | 10x | |
| Phoenix QQQ | +0.0183% | 1h | 743.81 | −0.081% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0258% | 4h | 744.28 | −0.018% | $761K | $335K | 20x | as long as short |
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Vest QQQ-USD-PERP
Ondo Perps QQQ-USD.P
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Nado QQQ-PERP
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC