Funding you earn now, next payment 00:00 UTC−0.0090%/8h= −9.9% APRnext payment −$0.90 per $10,000 · paid last 24h +0.029%
Price spread now: Orderly against GRVT−0.052%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 −$3 a day on $10k at the current rate, and Orderly is 0.052% cheaper against GRVT than usual: you would sell low and buy high (−$5 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 | 743.51 | 0.0190 | pay 0.0190% / 8h | 22m 46s | $323K | $1.8M | 10x |
| Short | Orderly PERP_QQQ_USDC_mythos | 743.12 | 0.0100 | get 0.0100% / 8h | 22m 46s | $12K | $21K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$18.9
- Price spread: −0.052% → 0.000%
- −$5.25
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$39.15
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: GRVT: live order book, 1 min ago; Orderly: 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, 1 min ago | 0.07 bp | 4.6 bp −$5 | 5.3 bp −$53 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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] | L −0.0075% / S +0.0185% | 1h | 743.38 | −0.017% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0023% | 8h | 743.09 | −0.056% | $1.1M | $469K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.36 | −0.020% | $845K | $783K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.17 | −0.046% | $21.6M | $27.8M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.15 | −0.048% | $3.1M | $32.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.81 | +0.040% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.13 | −0.051% | $257K | $25K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.78 | +0.036% | $362K | $1.4M | 10x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0007% | 1h | 742.05 | −0.196% | $4.2M | $2.1M | 20x | as long as short |
| Lighter RH QQQ | +0.0040% | 1h | 743.61 | +0.013% | $37.5M | $80.2M | 50x | as long as short |
Show all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus QQQ-USD | +0.0040% | 1h | 742.66 | −0.114% | $694K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.88 | +0.050% | — | $621K | 50x | as long as short |
| Variational Omni QQQ | +0.0047% | 8h | 743.33 | −0.024% | $17.6M | $10.3M | — | as long as short |
| Lighter QQQ | +0.0072% | 1h | 743.25 | −0.035% | $7.6M | $20.9M | 30x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0072% | 1h | 742.85 | −0.089% | $1.2M | $865K | 20x | as long as short |
| Binance QQQUSDT | +0.0076% | 8h | 743.41 | −0.014% | $71.0M | $160.7M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.96 | −0.074% | $3.4M | $418K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.98 | −0.071% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythosshort | +0.0100% | 8h | 743.12 | −0.052% | $12K | $21K | 20x | |
| Bybit QQQUSDT | +0.0102% | 8h | 743.46 | −0.007% | $10.7M | $5.2M | 50x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.71 | −0.107% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0175% | 1h | 743.03 | −0.065% | $1.5M | $1.3M | 20x | as long as short |
| Bitget QQQUSDT | +0.0185% | 8h | 743.39 | −0.016% | $16.9M | $7.0M | 20x | as long as short |
| GRVT QQQ_USDT_Perplong | +0.0190% | 8h | 743.51 | long leg | $323K | $1.8M | 10x | |
| RISEx QQQ/USDC | +0.0193% | 1h | 743.58 | +0.010% | $5.4M | $8.9M | 25x | as long as short |
| Phoenix QQQ | +0.0194% | 1h | 742.91 | −0.081% | $38K | $73K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0235% | 1h | 743.20 | −0.042% | $425K | $164K | 20x | as long as short |
| edgeX QQQUSDC | +0.0822% | 4h | 743.37 | −0.019% | $760K | $335K | 20x | as long as short |
GRVT QQQ_USDT_Perp
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Lighter RH QQQ
Variational Omni QQQ
Lighter QQQ
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Bybit QQQUSDT
Bitget QQQUSDT
RISEx QQQ/USDC
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC