Funding you earn now, next payment 08:00 UTC−0.0172%/8h= −18.8% APRnext payment −$1.72 per $10,000 · paid last 24h −0.068%
Price spread now: Phemex against GRVT+0.004%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$760.764% of the position
Funding, last 7 days−0.280%−$28 on $10k
+Price spread, last 3 days (all we have)+0.032%+$3 · spread now +0.004%, 7d avg +0.022%
=Together, before fees−0.248%+ Points / potential airdropGRVT: Active · farm board−$25 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: −$5 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 | 744.62 | 0.0172 | pay 0.0172% / 8h | 5h 52m | $322K | $1.9M | 10x |
| Short | Phemex QQQUSDT | 744.65 | 0 | get 0.0000% / 8h | 5h 52m | $359K | $1.4M | 10x |
GRVT QQQ_USDT_Perp
Phemex QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$36.12
- Price spread: +0.004% → +0.022%
- −$1.74
- Slippage, 4 orders
- −$55.37
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$114.23
- Costs to cover
- 0.764%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 1 min ago; Phemex: 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, 1 min ago | 0.47 bp | 5.0 bp −$5 | 6.5 bp −$65 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 2.95 bp | 29.7 bp −$30 | doesn't fit | 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 −0.0106% / S +0.0209% | 1h | 744.38 | −0.031% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.40 | −0.029% | $841K | $713K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.41 | −0.028% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.36 | −0.035% | $21.7M | $26.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.46 | −0.021% | $5.4M | $7.8M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.07 | −0.074% | $3.3M | $20.3M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.46 | −0.021% | $16.9M | $5.8M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.93 | +0.042% | $2K | $2.0M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.68 | +0.008% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDTshort | 0.0000% | 8h | 744.65 | +0.004% | $359K | $1.4M | 10x |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | +0.0016% | 1h | 743.51 | −0.149% | $4.2M | $1.9M | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.19 | −0.058% | $7.7M | $17.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.59 | −0.004% | $37.3M | $78.4M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 743.88 | −0.099% | $1.2M | $532K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.51 | −0.149% | $705K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.36 | +0.099% | — | $337K | 50x | as long as short |
| Variational Omni QQQ | +0.0052% | 8h | 744.38 | −0.032% | $17.1M | $7.5M | — | as long as short |
| Binance QQQUSDT | +0.0076% | 8h | 744.39 | −0.030% | $71.2M | $144.6M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.06 | −0.075% | $3.4M | $414K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.08 | −0.072% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.09 | −0.071% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.63 | −0.133% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0113% | 1h | 743.99 | −0.085% | $1.5M | $923K | 20x | as long as short |
| Phoenix QQQ | +0.0161% | 1h | 744.04 | −0.078% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perplong | +0.0172% | 8h | 744.62 | long leg | $322K | $1.9M | 10x | |
| Deribit QQQ_USDC-PERPETUAL | +0.0207% | 1h | 744.21 | −0.055% | $425K | $149K | 20x | as long as short |
| edgeX QQQUSDC | +0.0521% | 4h | 744.38 | −0.032% | $761K | $334K | 20x | as long as short |
Ondo Perps QQQ-USD.P
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC