Funding you earn now, next payment 16:00 UTC−0.0156%/8h= −17.1% APRnext payment −$1.56 per $10,000 · paid last 24h −0.055%
Price spread now: SunX against GRVT−0.008%74s7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as 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−$740.737% of the position
Funding, last 7 days−0.287%−$29 on $10k
+Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.008%, 7d avg +0.005%
=Together, before fees−0.147%+ Points / potential airdropGRVT: Active · farm board−$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. The two prices were read 74 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 | 740.07 | 0.0156 | pay 0.0156% / 8h | 7h 28m | $314K | $2.0M | 10x |
| Short | SunX QQQ-USDT | 740.01 | 0 | get 0.0000% / 8h | 7h 28m | $2K | $1.6M | 10x |
GRVT QQQ_USDT_Perp
SunX QQQ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$32.76
- Price spread: −0.008% → +0.005%
- −$1.36
- Slippage, 4 orders
- −$56.71
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$107.83
- Costs to cover
- 0.737%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 5 min ago; SunX: live order book, 7 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, 5 min ago | 0.47 bp | 5.0 bp −$5 | 6.1 bp −$61 | doesn't fit | doesn't fit |
| Sell SunX live order book, 7 min ago | 21.67 bp | 38.1 bp −$38 | 67.8 bp −$678 | 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 −0.0185% / S +0.0272% | 1h | 739.51 | −0.075% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0025% | 8h | 739.94 | −0.018% | $1.1M | $278K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 739.61 | −0.062% | $822K | $869K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 739.55 | −0.070% | $10.6M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 739.21 | −0.116% | $21.5M | $28.6M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 739.39 | −0.092% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 739.13 | −0.127% | $3.4M | $20.6M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 739.62 | −0.061% | $16.4M | $5.1M | 20x | as long as short |
| SunX QQQ-USDTshort | 0.0000% | 8h | 740.01 | −0.008% | $2K | $1.6M | 10x | |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 739.18 | −0.120% | $422K | $128K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
Deribit QQQ_USDC-PERPETUALShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 739.90 | −0.023% | $250K | $38K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 739.73 | −0.046% | $361K | $1.6M | 10x | as long as short |
| Variational Omni QQQ | +0.0002% | 8h | 739.81 | −0.035% | $16.7M | $7.2M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0024% | 1h | 740.02 | −0.007% | $1.2M | $494K | 20x | as long as short |
| Binance QQQUSDT | +0.0028% | 8h | 739.52 | −0.074% | $70.0M | $140.3M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 739.21 | −0.116% | $7.6M | $15.3M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 739.60 | −0.064% | $37.5M | $79.9M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 738.57 | −0.203% | $645K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 740.41 | +0.046% | — | $337K | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 738.20 | −0.253% | $4.2M | $1.8M | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 739.24 | −0.112% | $3.4M | $388K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 739.43 | −0.086% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 739.40 | −0.091% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 738.87 | −0.162% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perplong | +0.0156% | 8h | 740.07 | long leg | $314K | $2.0M | 10x | |
| Nado QQQ-PERP | +0.0160% | 1h | 739.00 | −0.144% | $1.6M | $744K | 20x | as long as short |
| edgeX QQQUSDC | +0.0237% | 4h | 739.81 | −0.036% | $756K | $337K | 20x | as long as short |
| Phoenix QQQ | +0.0248% | 1h | 739.37 | −0.095% | $38K | $65K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Ondo Perps QQQ-USD.P
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
edgeX QQQUSDC
Phoenix QQQ