Funding you earn now, next payment 00:00 UTC+0.0070%/8h= +7.7% APRnext payment +$0.70 per $10,000 · paid last 24h −0.017%
Price spread now: GRVT against Orderly+0.152%70s7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and GRVT is 0.152% dearer against Orderly than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 70 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 | Orderly PERP_QQQ_USDC_mythos | 741.46 | 0.0100 | pay 0.0100% / 8h | 1h 14m | $12K | $21K | 20x |
| Short | GRVT QQQ_USDT_Perp | 742.59 | 0.0170 | get 0.0170% / 8h | 1h 14m | $319K | $1.8M | 10x |
Orderly PERP_QQQ_USDC_mythos
GRVT QQQ_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Orderly. 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
- $14.7
- Price spread: +0.152% → 0.000%
- $15.24
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $14.94
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; GRVT: live order book, 4 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell GRVT live order book, 4 min ago | 0.47 bp | 5.1 bp −$5 | 6.5 bp −$65 | doesn't fit | doesn't fit |
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 −0.0074% / S +0.0184% | 1h | 742.73 | +0.171% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0041% | 1h | 741.70 | +0.032% | $4.2M | $2.1M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.47 | +0.136% | $840K | $780K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.44 | +0.132% | $21.5M | $27.8M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.22 | +0.103% | $3.1M | $32.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.16 | +0.229% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.83 | +0.185% | $257K | $26K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.04 | +0.213% | $357K | $1.4M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0019% | 1h | 742.36 | +0.121% | $424K | $227K | 20x | as long as short |
| BloFin QQQ-USDT | +0.0025% | 8h | 742.22 | +0.103% | $1.0M | $479K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Deribit QQQ_USDC-PERPETUAL
BloFin QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH QQQ | +0.0032% | 1h | 742.93 | +0.198% | $37.7M | $81.8M | 50x | as long as short |
| Variational Omni QQQ | +0.0036% | 8h | 742.37 | +0.123% | $17.2M | $10.0M | — | as long as short |
| Lighter QQQ | +0.0040% | 1h | 742.57 | +0.150% | $7.8M | $21.6M | 30x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.86 | +0.054% | $737K | $1.4M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.15 | +0.228% | — | $621K | 50x | as long as short |
| Binance QQQUSDT | +0.0066% | 8h | 742.73 | +0.171% | $69.8M | $160.3M | 25x | as long as short |
| Bybit QQQUSDT | +0.0087% | 8h | 742.67 | +0.163% | $10.7M | $5.4M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0088% | 1h | 742.32 | +0.116% | $1.2M | $868K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.24 | +0.105% | $3.4M | $430K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.01 | +0.074% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythoslong | +0.0100% | 8h | 741.46 | long leg | $12K | $21K | 20x | |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.02 | +0.076% | $92K | $1K | 10x | as long as short |
| edgeX QQQUSDC | +0.0135% | 4h | 742.39 | +0.125% | $759K | $337K | 20x | as long as short |
| Nado QQQ-PERP | +0.0159% | 1h | 742.25 | +0.107% | $1.5M | $1.3M | 20x | as long as short |
| GRVT QQQ_USDT_Perpshort | +0.0170% | 8h | 742.59 | +0.152% | $319K | $1.8M | 10x | |
| Bitget QQQUSDT | +0.0194% | 8h | 742.72 | +0.170% | $16.8M | $7.0M | 20x | as long as short |
| Phoenix QQQ | +0.0259% | 1h | 742.12 | +0.089% | $38K | $73K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0315% | 1h | 742.81 | +0.182% | $5.3M | $8.9M | 25x | as long as short |
Lighter RH QQQ
Variational Omni QQQ
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Binance QQQUSDT
Bybit QQQUSDT
Coinbase International QQQ-PERP-INTX
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Aevo QQQ-PERP
edgeX QQQUSDC
Nado QQQ-PERP
Bitget QQQUSDT
Phoenix QQQ
RISEx QQQ/USDC