Funding you earn now, next payment 05:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.048%
Price spread now: GRVT against Lighter+0.076%48s7-day average +0.121% · you sell dearer than you buy
Net, funding: paid 7d − costs+$7as 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−$120.119% of the position
Funding, last 7 days+0.190%+$19 on $10k
+Price spread, last 7 days+0.082%+$8 · spread now +0.076%, 7d avg +0.121%
=Together, before fees+0.272%+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm board+$27 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.045% cheaper against Lighter than usual: you would sell low and buy high (spread +0.076% now, against its 7-day average of +0.121%). If the spread goes back, that is −$4 on $10k: about 3.1 days of funding at the current rate (+$1 a day). The two prices were read 48 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 | Lighter QQQ | 743.36 | 0.0032 | pay 0.0004% / 1h | 48m 37s | $7.7M | $15.8M | 30x |
| Short | GRVT QQQ_USDT_Perp | 743.92 | 0.0080 | get 0.0080% / 8h | 3h 48m | $326K | $1.9M | 10x |
Lighter QQQ
GRVT QQQ_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Lighter. 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
- $10.08
- Price spread: +0.076% → +0.121%
- −$4.48
- Slippage, 4 orders
- −$2.94
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$6.34
- Costs to cover
- 0.119%
- Break-even
- 11.4 days
Slippage from Lighter: live order book, 5 min ago; GRVT: 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 Lighter live order book, 5 min ago | 0.61 bp | 0.6 bp −$1 | 1.5 bp −$15 | 11.5 bp −$1,151 | 49.9 bp −$24.9K |
| Sell GRVT live order book, 5 min ago | 0.67 bp | 5.2 bp −$5 | 5.9 bp −$59 | 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 −0.0131% / S +0.0229% | 1h | 743.26 | −0.013% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0022% | 1h | 742.29 | −0.144% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0017% | 8h | 743.12 | −0.032% | $1.1M | $255K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.42 | +0.008% | $840K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.42 | +0.008% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.47 | +0.015% | $21.5M | $26.9M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.05 | −0.042% | $3.3M | $20.7M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.76 | +0.054% | $16.9M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.43 | +0.010% | $17.1M | $7.4M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.71 | +0.047% | $2K | $1.9M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 743.18 | −0.024% | $1.2M | $536K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.53 | +0.023% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.54 | +0.024% | $360K | $1.6M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0010% | 1h | 743.71 | +0.047% | $5.4M | $7.3M | 25x | as long as short |
| Binance QQQUSDT | +0.0012% | 8h | 743.68 | +0.043% | $70.9M | $141.3M | 25x | as long as short |
| Lighter QQQlong | +0.0032% | 1h | 743.36 | long leg | $7.7M | $15.8M | 30x | |
| Arcus QQQ-USD | +0.0040% | 1h | 742.80 | −0.075% | $699K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.59 | +0.165% | — | $337K | 50x | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 743.70 | +0.046% | $37.0M | $78.0M | 50x | as long as short |
| GRVT QQQ_USDT_Perpshort | +0.0080% | 8h | 743.92 | +0.076% | $326K | $1.9M | 10x | |
| Nado QQQ-PERP | +0.0099% | 1h | 742.76 | −0.080% | $1.5M | $782K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.15 | −0.028% | $3.4M | $342K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.42 | +0.008% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.00 | −0.048% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.48 | −0.118% | $92K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 743.09 | −0.036% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0127% | 1h | 743.06 | −0.040% | $424K | $150K | 20x | as long as short |
| edgeX QQQUSDC | +0.0470% | 4h | 743.62 | +0.035% | $760K | $335K | 20x | as long as short |
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
RISEx QQQ/USDC
Binance QQQUSDT
Arcus QQQ-USD
Vest QQQ-USD-PERP
Lighter RH QQQ
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC