Funding you earn now, next payment 08:00 UTC−0.0122%/8h= −13.4% APRnext payment −$1.22 per $10,000 · paid last 24h −0.068%
Price spread now: HTX against GRVT+0.004%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$280.278% of the position
Funding, last 7 days−0.280%−$28 on $10k
+Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.004%, 7d avg −0.021%
=Together, before fees−0.304%+ Points / potential airdropGRVT: Active · farm board−$30 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.026% dearer against GRVT than usual: you sell high and buy low (spread +0.004% now, against its 7-day average of −0.021%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 17 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT QQQ_USDT_Perp | 741.91 | 0.0122 | pay 0.0122% / 8h | 49m 28s | $325K | $2.0M | 10x |
| Short | HTX QQQ-USDT | 741.94 | 0 | get 0.0000% / 8h | 49m 28s | $250K | $41K | 30x |
GRVT QQQ_USDT_Perp
HTX QQQ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$25.62
- Price spread: +0.004% → −0.021%
- $2.56
- Slippage, 4 orders
- −$6.79
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$50.85
- Costs to cover
- 0.278%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 4 min ago; HTX: live order book, 52 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, 4 min ago | 0.47 bp | 5.4 bp −$5 | 6.5 bp −$65 | doesn't fit | doesn't fit |
| Sell HTX live order book, 52 min ago | 2.69 bp | 8.7 bp −$9 | 15.5 bp −$155 | doesn't fit | 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 −0.0168% / S +0.0258% | 1h | 741.79 | −0.015% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0148% | 1h | 740.17 | −0.234% | $4.2M | $1.8M | 20x | as long as short |
| Gate QQQ_USDT | −0.0068% | 8h | 741.35 | −0.075% | $3.3M | $21.6M | 50x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.93 | +0.003% | $823K | $858K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.90 | −0.001% | $10.7M | $5.3M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.72 | −0.025% | $21.5M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.63 | −0.037% | $5.4M | $6.3M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.02 | +0.015% | $16.5M | $5.4M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.63 | −0.037% | $16.8M | $7.4M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.51 | +0.081% | $2K | $1.8M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Gate QQQ_USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
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 | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDTshort | 0.0000% | 8h | 741.94 | +0.004% | $250K | $41K | 30x | |
| Phemex QQQUSDT | 0.0000% | 8h | 741.95 | +0.006% | $361K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0005% | 8h | 741.97 | +0.008% | $70.0M | $143.0M | 25x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.12 | −0.106% | $1.2M | $486K | 20x | as long as short |
| BloFin QQQ-USDT | +0.0026% | 8h | 741.47 | −0.059% | $1.1M | $270K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.70 | −0.028% | $7.7M | $15.2M | 30x | as long as short |
| Lighter RH QQQ | +0.0040% | 1h | 742.05 | +0.019% | $37.2M | $79.7M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.13 | −0.105% | $640K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.84 | +0.126% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.40 | −0.068% | $3.4M | $356K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.30 | −0.082% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.58 | −0.044% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.14 | −0.103% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0108% | 1h | 741.45 | −0.062% | $1.6M | $758K | 20x | as long as short |
| GRVT QQQ_USDT_Perplong | +0.0122% | 8h | 741.91 | long leg | $325K | $2.0M | 10x | |
| Deribit QQQ_USDC-PERPETUAL | +0.0141% | 1h | 741.62 | −0.039% | $424K | $155K | 20x | as long as short |
| Phoenix QQQ | +0.0227% | 1h | 741.27 | −0.086% | $38K | $65K | 20x | as long as short |
| edgeX QQQUSDC | +0.0659% | 4h | 741.61 | −0.040% | $758K | $336K | 20x | as long as short |
Phemex QQQUSDT
Binance QQQUSDT
Coinbase International QQQ-PERP-INTX
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
Phoenix QQQ
edgeX QQQUSDC