Funding you earn now, next payment 08:00 UTC+0.0079%/8h= +8.7% APRnext payment +$0.79 per $10,000 · paid last 24h +0.068%
Price spread now: GRVT against Phemex−0.110%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$730.734% of the position
Funding, last 7 days+0.280%+$28 on $10k
+Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.110%, 7d avg +0.010%
=Together, before fees+0.340%+ Points / potential airdropGRVT: Active · farm board+$34 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.120% cheaper against Phemex than usual: you would sell low and buy high (spread −0.110% now, against its 7-day average of +0.010%). If the spread goes back, that is −$12 on $10k: about 5.1 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex QQQUSDT | 744.16 | 0 | get 0.0000% / 8h | 3h 47m | $360K | $1.6M | 10x |
| Short | GRVT QQQ_USDT_Perp | 743.34 | 0.0079 | get 0.0079% / 8h | 3h 47m | $326K | $1.9M | 10x |
Phemex QQQUSDT
GRVT QQQ_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Phemex. 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
- $16.59
- Price spread: −0.110% → +0.010%
- −$11.97
- Slippage, 4 orders
- −$52.37
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$68.76
- Costs to cover
- 0.734%
- Break-even
- 36.0 days
Slippage from Phemex: live order book, 1 min ago; GRVT: live order book, 1 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 Phemex live order book, 1 min ago | 1.21 bp | 32.2 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 1 min ago | 0.54 bp | 5.0 bp −$5 | 5.7 bp −$57 | 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 −0.0132% / S +0.0230% | 1h | 743.74 | −0.057% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0027% | 1h | 742.29 | −0.251% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0007% | 8h | 743.60 | −0.075% | $1.1M | $256K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.81 | −0.047% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.81 | −0.047% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.49 | −0.090% | $21.5M | $26.9M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.23 | −0.125% | $3.3M | $20.7M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.92 | −0.032% | $16.9M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.43 | −0.097% | $17.1M | $7.4M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.19 | +0.004% | $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 | 742.64 | −0.204% | $1.2M | $536K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.53 | −0.085% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDTlong | 0.0000% | 8h | 744.16 | long leg | $360K | $1.6M | 10x | |
| RISEx QQQ/USDC | +0.0010% | 1h | 743.89 | −0.036% | $5.4M | $7.3M | 25x | as long as short |
| Binance QQQUSDT | +0.0012% | 8h | 743.73 | −0.058% | $70.9M | $141.3M | 25x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0019% | 1h | 743.52 | −0.086% | $425K | $150K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.57 | −0.079% | $7.7M | $15.8M | 30x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.88 | −0.172% | $704K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.71 | +0.074% | — | $337K | 50x | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 744.03 | −0.017% | $37.0M | $78.1M | 50x | as long as short |
| GRVT QQQ_USDT_Perpshort | +0.0079% | 8h | 743.34 | −0.110% | $326K | $1.9M | 10x | |
| Nado QQQ-PERP | +0.0095% | 1h | 743.51 | −0.087% | $1.5M | $782K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.37 | −0.106% | $3.4M | $342K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.82 | −0.180% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.52 | −0.086% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.00 | −0.156% | $92K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 743.09 | −0.144% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0649% | 4h | 743.23 | −0.125% | $760K | $335K | 20x | as long as short |
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
RISEx QQQ/USDC
Binance QQQUSDT
Deribit QQQ_USDC-PERPETUAL
Lighter QQQ
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
edgeX QQQUSDC