Funding you earn now, next payment 01:00 UTC+0.0300%/8h= +32.9% APRpaid last 24h +0.005%
Price spread now: GRVT against Vest−0.054%7-day average −0.121% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.007%−$1 on $10k
+Price spread, last 3 days (all we have)+0.071%+$7 · spread now −0.054%, 7d avg −0.121%
=Together, before fees+0.064%+ Points / potential airdropVest: Active · GRVT: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and GRVT is 0.067% dearer against Vest than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.121%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.007% in total (about -0.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest QQQ-USD-PERP | 745.24 | 0.0046 | pay 0.0006% / 1h | 5m 07s | — | $306K | 50x |
| Short | GRVT QQQ_USDT_Perp | 744.84 | 0.0346 | get 0.0346% / 8h | 7h 05m | $318K | $1.8M | 10x |
Vest QQQ-USD-PERP
GRVT QQQ_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Vest. 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
- $63.07
- Price spread: −0.054% → −0.121%
- $6.74
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $58.81
- Costs to cover
- 0.110%
- Break-even
- 0.5 days
Slippage unknown: Vest: no order-book sample; GRVT: live order book, 3 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 Vest no order-book sample | — | — | — | — | — |
| Sell GRVT live order book, 3 min ago | 0.47 bp | 5.0 bp −$5 | 6.3 bp −$63 | doesn't fit | doesn't fit |
Vest: 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0312% | 1h | 743.10 | −0.287% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0091% / S +0.0198% | 1h | 744.71 | −0.072% | $25K | — | 26x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.52 | −0.097% | $21.5M | $25.3M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.31 | −0.125% | $3.3M | $28.9M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 745.17 | −0.009% | $2K | $2.1M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.97 | −0.036% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.94 | −0.040% | $362K | $1.4M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0003% | 8h | 744.38 | −0.115% | $1.1M | $319K | 20x | as long as short |
| Bybit QQQUSDT | +0.0017% | 8h | 744.82 | −0.056% | $10.7M | $5.0M | 50x | as long as short |
| Aster QQQUSDT | +0.0017% | 8h | 744.67 | −0.077% | $841K | $713K | 20x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDT
Bybit QQQUSDT
Aster QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 744.46 | −0.105% | $7.7M | $18.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.88 | −0.048% | $37.4M | $81.2M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.79 | −0.195% | $748K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERPlong | +0.0046% | 1h | 745.24 | long leg | — | $306K | 50x | |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 744.09 | −0.154% | $1.2M | $546K | 20x | as long as short |
| Variational Omni QQQ | +0.0066% | 8h | 744.61 | −0.085% | $17.1M | $8.0M | — | as long as short |
| Binance QQQUSDT | +0.0095% | 8h | 744.69 | −0.074% | $71.3M | $149.8M | 25x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0099% | 1h | 744.46 | −0.105% | $425K | $147K | 20x | as long as short |
| Nado QQQ-PERP | +0.0100% | 1h | 744.33 | −0.122% | $1.5M | $1.2M | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.26 | −0.132% | $3.4M | $411K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.16 | −0.145% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.39 | −0.114% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.88 | −0.182% | $93K | $1K | 10x | as long as short |
| Bitget QQQUSDT | +0.0151% | 8h | 744.78 | −0.062% | $16.9M | $6.1M | 20x | as long as short |
| edgeX QQQUSDC | +0.0170% | 4h | 744.59 | −0.088% | $761K | $336K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.70 | −0.072% | $5.4M | $8.4M | 25x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 744.36 | −0.118% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perpshort | +0.0346% | 8h | 744.84 | −0.054% | $318K | $1.8M | 10x |
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Binance QQQUSDT
Deribit QQQ_USDC-PERPETUAL
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Bitget QQQUSDT
edgeX QQQUSDC
RISEx QQQ/USDC
Phoenix QQQ