Funding you earn now, next payment 07:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h +0.056%
Price spread now: GRVT against Lighter RH−0.041%49s7-day average +0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs+$4as 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−$120.118% of the position
Funding, last 7 days+0.159%+$16 on $10k
+Price spread, last 7 days+0.046%+$5 · spread now −0.041%, 7d avg +0.050%
=Together, before fees+0.206%+ Points / potential airdropLighter RH: Points live · GRVT: Active · farm board+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.092% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of +0.050%). If the spread goes back, that is −$9 on $10k: about 3.7 days of funding at the current rate (+$2 a day). The two prices were read 49 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 RH QQQ | 742.28 | 0.0032 | pay 0.0004% / 1h | 28m 32s | $37.0M | $80.5M | 50x |
| Short | GRVT QQQ_USDT_Perp | 741.97 | 0.0115 | get 0.0115% / 8h | 1h 28m | $322K | $2.0M | 10x |
Lighter RH QQQ
GRVT QQQ_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Lighter RH. 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
- $17.43
- Price spread: −0.041% → +0.050%
- −$9.18
- Slippage, 4 orders
- −$2.76
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$3.51
- Costs to cover
- 0.118%
- Break-even
- 8.4 days
Slippage from Lighter RH: live order book, 6 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 RH live order book, 6 min ago | 0.14 bp | 0.4 bp $0 | 1.2 bp −$12 | 8.6 bp −$860 | doesn't fit |
| Sell GRVT live order book, 5 min ago | 0.81 bp | 5.3 bp −$5 | 6.4 bp −$64 | 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 −0.0160% / S +0.0252% | 1h | 741.82 | −0.063% | $25K | — | 26x | as long as short |
| Gate QQQ_USDT | −0.0022% | 8h | 741.36 | −0.124% | $3.3M | $21.5M | 50x | as long as short |
| BloFin QQQ-USDT | −0.0009% | 8h | 741.84 | −0.059% | $1.1M | $278K | 20x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0001% | 1h | 740.66 | −0.218% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.03 | −0.034% | $823K | $858K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.05 | −0.031% | $10.5M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.81 | −0.063% | $21.4M | $28.4M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.84 | −0.059% | $5.5M | $6.3M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.26 | −0.003% | $16.6M | $5.4M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.69 | −0.080% | $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
OKX QQQ-USDT-SWAP
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 | 742.73 | +0.061% | $2K | $1.8M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.56 | +0.038% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.33 | +0.007% | $363K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0003% | 8h | 742.07 | −0.028% | $70.1M | $144.5M | 25x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.36 | −0.124% | $1.2M | $547K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.88 | −0.054% | $7.7M | $15.5M | 30x | as long as short |
| Lighter RH QQQlong | +0.0032% | 1h | 742.28 | long leg | $37.0M | $80.5M | 50x | |
| Arcus QQQ-USD | +0.0040% | 1h | 741.05 | −0.166% | $686K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.94 | +0.089% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.61 | −0.090% | $3.4M | $353K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.39 | −0.120% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.77 | −0.069% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.33 | −0.128% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perpshort | +0.0115% | 8h | 741.97 | −0.041% | $322K | $2.0M | 10x | |
| Nado QQQ-PERP | +0.0134% | 1h | 741.49 | −0.107% | $1.5M | $764K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0141% | 1h | 741.80 | −0.065% | $424K | $154K | 20x | as long as short |
| Phoenix QQQ | +0.0205% | 1h | 741.41 | −0.117% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0956% | 4h | 741.64 | −0.086% | $758K | $336K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
Phoenix QQQ
edgeX QQQUSDC