Funding you earn now, next payment 21:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.004%
Price spread now: GRVT against Phoenix+0.081%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GRVT is 0.081% dearer against Phoenix than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix QQQ | 741.46 | 0.0076 | pay 0.0009% / 1h | 8m 13s | $38K | $73K | 20x |
| Short | GRVT QQQ_USDT_Perp | 742.06 | 0.0180 | get 0.0180% / 8h | 2h 08m | $316K | $1.7M | 10x |
Phoenix QQQ
GRVT QQQ_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Phoenix. 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
- $21.94
- Price spread: +0.081% → 0.000%
- $8.13
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $14.06
- Costs to cover
- 0.160%
- Break-even
- 2.5 days
Slippage unknown: Phoenix: no order-book sample; GRVT: live order book, 5 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell GRVT live order book, 5 min ago | 0.40 bp | 4.9 bp −$5 | 6.4 bp −$64 | doesn't fit | doesn't fit |
Phoenix: 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 −0.0060% / S +0.0174% | 1h | 741.98 | +0.069% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0012% | 8h | 741.77 | +0.042% | $1.0M | $509K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.77 | +0.042% | $21.3M | $28.1M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.67 | +0.028% | $3.1M | $33.3M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.40 | +0.127% | $1K | $2.4M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.18 | +0.097% | $256K | $32K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.29 | +0.112% | $361K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0006% | 8h | 741.87 | +0.055% | $840K | $780K | 20x | as long as short |
| Arcus QQQ-USD | +0.0025% | 1h | 741.20 | −0.035% | $735K | $1.5M | 25x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0030% | 1h | 740.96 | −0.067% | $4.2M | $2.2M | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDT
Arcus QQQ-USD
Ondo Perps QQQ-USD.PShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.41 | +0.128% | — | $621K | 50x | as long as short |
| Variational Omni QQQ | +0.0058% | 8h | 741.96 | +0.068% | $17.2M | $10.6M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 741.56 | +0.013% | $1.2M | $894K | 20x | as long as short |
| Bybit QQQUSDT | +0.0073% | 8h | 742.08 | +0.084% | $10.7M | $5.4M | 50x | as long as short |
| Phoenix QQQlong | +0.0076% | 1h | 741.46 | long leg | $38K | $73K | 20x | |
| Binance QQQUSDT | +0.0088% | 8h | 742.01 | +0.075% | $69.8M | $165.0M | 25x | as long as short |
| Lighter QQQ | +0.0096% | 1h | 741.89 | +0.058% | $7.8M | $21.7M | 30x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.48 | +0.003% | $3.4M | $449K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.45 | −0.001% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.21 | −0.034% | $7K | $15K | 20x | as long as short |
| Lighter RH QQQ | +0.0104% | 1h | 742.23 | +0.104% | $37.8M | $83.2M | 50x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.31 | −0.021% | $92K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0128% | 1h | 741.85 | +0.053% | $424K | $304K | 20x | as long as short |
| GRVT QQQ_USDT_Perpshort | +0.0180% | 8h | 742.06 | +0.081% | $316K | $1.7M | 10x | |
| RISEx QQQ/USDC | +0.0212% | 1h | 742.13 | +0.090% | $5.4M | $9.3M | 25x | as long as short |
| Bitget QQQUSDT | +0.0227% | 8h | 742.00 | +0.073% | $16.7M | $7.8M | 20x | as long as short |
| Nado QQQ-PERP | +0.0244% | 1h | 741.41 | −0.006% | $1.5M | $1.3M | 20x | as long as short |
| edgeX QQQUSDC | +0.0489% | 4h | 741.96 | +0.067% | $759K | $335K | 20x | as long as short |
Vest QQQ-USD-PERP
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Bybit QQQUSDT
Binance QQQUSDT
Lighter QQQ
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Lighter RH QQQ
Aevo QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
RISEx QQQ/USDC
Bitget QQQUSDT
Nado QQQ-PERP
edgeX QQQUSDC