Funding you earn now, next payment 05:00 UTC−0.0309%/8h= −33.9% APRpaid last 24h −0.095%
Price spread now: GMX against GRVT−0.089%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and GMX is 0.089% cheaper against GRVT than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT QQQ_USDT_Perp | 743.92 | 0.0080 | pay 0.0080% / 8h | 3h 48m | $326K | $1.9M | 10x |
| Short | GMX QQQ/USD [ETH-USDC] | 743.26 | L −0.0131% / S +0.0229% | pay 0.0029% / 1h | 48m 42s | $25K | — | 26x |
GRVT QQQ_USDT_Perp
GMX QQQ/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- −$64.96
- Price spread: −0.089% → 0.000%
- −$8.85
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$94.81
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: GRVT: live order book, 5 min ago; GMX: no order-book sample. Net counts fees only.
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 | 0.67 bp | 5.2 bp −$5 | 5.7 bp −$57 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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]short | L −0.0131% / S +0.0229% | 1h | 743.26 | −0.089% | $25K | — | 26x | |
| Ondo Perps QQQ-USD.P | −0.0022% | 1h | 742.29 | −0.220% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0017% | 8h | 743.12 | −0.108% | $1.1M | $255K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.07 | −0.114% | $840K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.37 | −0.074% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.47 | −0.061% | $21.4M | $26.9M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.79 | −0.152% | $3.3M | $20.7M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.67 | −0.034% | $16.9M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.43 | −0.066% | $17.1M | $7.4M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.71 | −0.029% | $2K | $1.9M | 10x | as long as short |
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 743.18 | −0.100% | $1.2M | $536K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.53 | −0.053% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.54 | −0.052% | $360K | $1.6M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0010% | 1h | 743.71 | −0.029% | $5.4M | $7.3M | 25x | as long as short |
| Binance QQQUSDT | +0.0012% | 8h | 743.60 | −0.043% | $70.9M | $141.2M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.36 | −0.076% | $7.7M | $15.8M | 30x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.80 | −0.151% | $699K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.28 | +0.048% | — | $337K | 50x | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 743.70 | −0.030% | $37.0M | $78.0M | 50x | as long as short |
| GRVT QQQ_USDT_Perplong | +0.0080% | 8h | 743.92 | long leg | $326K | $1.9M | 10x | |
| Nado QQQ-PERP | +0.0099% | 1h | 743.08 | −0.113% | $1.5M | $782K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.15 | −0.104% | $3.4M | $342K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.42 | −0.068% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.00 | −0.124% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.48 | −0.194% | $92K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 743.09 | −0.112% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0127% | 1h | 743.06 | −0.116% | $424K | $150K | 20x | as long as short |
| edgeX QQQUSDC | +0.0470% | 4h | 743.62 | −0.041% | $760K | $335K | 20x | as long as short |
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
RISEx QQQ/USDC
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
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC