Funding you earn now, next payment 08:00 UTC−0.0119%/8h= −13.0% APRnext payment −$1.19 per $10,000 · paid last 24h −0.065%
Price spread now: OKX against GRVT−0.046%71s7-day average −0.040% · 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−$200.204% of the position
Funding, last 7 days−0.244%−$24 on $10k
+Price spread, last 7 days−0.016%−$2 · spread now −0.046%, 7d avg −0.040%
=Together, before fees−0.260%+ Points / potential airdropGRVT: Active · farm board−$26 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.040%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 71 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 | 742.17 | 0.0119 | pay 0.0119% / 8h | 1h 00m | $314K | $2.0M | 10x |
| Short | OKX QQQ-USDT-SWAP | 741.83 | 0 | get 0.0000% / 8h | 1h 00m | $21.4M | $28.3M | 50x |
GRVT QQQ_USDT_Perp
OKX QQQ-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$24.99
- Price spread: −0.046% → −0.040%
- −$0.57
- Slippage, 4 orders
- −$1.43
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$45.98
- Costs to cover
- 0.204%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 3 min ago; OKX: 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, 3 min ago | 0.61 bp | 5.1 bp −$5 | 6.3 bp −$63 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.07 bp | 5.1 bp −$5 | 6.4 bp −$64 | 13.7 bp −$1,372 | 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 −0.0166% / S +0.0257% | 1h | 742.07 | −0.014% | $25K | — | 26x | as long as short |
| Gate QQQ_USDT | −0.0060% | 8h | 741.35 | −0.110% | $3.4M | $21.6M | 50x | as long as short |
| BloFin QQQ-USDT | −0.0028% | 8h | 741.82 | −0.047% | $1.1M | $271K | 20x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0026% | 1h | 740.60 | −0.211% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.02 | −0.020% | $823K | $858K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.95 | −0.029% | $10.5M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAPshort | 0.0000% | 8h | 741.83 | −0.046% | $21.4M | $28.3M | 50x | |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.76 | −0.055% | $5.4M | $6.3M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.10 | −0.009% | $16.6M | $5.4M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.94 | −0.031% | $16.9M | $7.3M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
Gate QQQ_USDT
BloFin QQQ-USDT
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Bybit QQQUSDT
RISEx QQQ/USDC
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 742.81 | +0.087% | $2K | $1.8M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.18 | +0.002% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.10 | −0.009% | $363K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0003% | 8h | 742.06 | −0.015% | $70.0M | $143.7M | 25x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.37 | −0.108% | $1.2M | $489K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.85 | −0.043% | $7.7M | $15.6M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.18 | +0.002% | $37.1M | $81.5M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.14 | −0.139% | $686K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.99 | +0.111% | — | $337K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0060% | 1h | 741.78 | −0.052% | $424K | $155K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.56 | −0.082% | $3.4M | $356K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.40 | −0.103% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.70 | −0.063% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.21 | −0.128% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0117% | 1h | 741.61 | −0.076% | $1.6M | $764K | 20x | as long as short |
| GRVT QQQ_USDT_Perplong | +0.0119% | 8h | 742.17 | long leg | $314K | $2.0M | 10x | |
| Phoenix QQQ | +0.0205% | 1h | 741.63 | −0.072% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0705% | 4h | 741.81 | −0.048% | $758K | $336K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC