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Funding arb · Price arb /

SQQQ

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 16:00 UTC−0.0215%/8h= −23.5% APRnext payment −$2.15 per $10,000 · paid last 24h −0.066%
Price spread now: GRVT against Binance+0.025%49s7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as 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−$330.328% of the position
Long on BinanceShort on GRVT
What this pair did over the last
the charts below follow
Funding, last 7 days−0.065%−$6 on $10k
Price spread, last 4 days (all we have)+0.560%+$56 · spread now +0.025%, 7d avg −0.001%
Together, before fees+0.495%+ Points / potential airdropGRVT: Active · farm board+$49 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.027% dearer against Binance than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of −0.001%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.065% in total) that is about 2.9 days. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.065% in total (about -3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.15 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance SQQQUSDT34.6500.0215pay 0.0215% / 8h6h 58m$7.2M$19.1M20x
ShortGRVT SQQQ_USDT_Perp34.6590get 0.0000% / 8h6h 58m$4K$114K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against Binance. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$45.15
Price spread: +0.025% → −0.001%
$2.66
Slippage, 4 orders
−$13.77
Fee Binance: 5 bp × 2 orders
−$10
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$75.25
Costs to cover
0.328%
Break-even
never at this rate
Slippage from Binance: live order book, 12 min ago; GRVT: live order book, 33 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 12 min ago1.44 bp8.7 bp −$917.1 bp −$171106.9 bp −$10.7Kdoesn't fit
Sell GRVT live order book, 33 min ago4.29 bp8.8 bp −$942.8 bp −$428doesn't fitdoesn't fit

SQQQ on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SQQQUSDT0.0000%8h34.620−0.087%$785K$566K25xas long as short
Gate SQQQ_USDT0.0000%8h34.630−0.058%$1.1M$1.4M20xas long as short
Bitget SQQQUSDT0.0000%8h34.6500.000%$2.9M$1.2M20xas long as short
GRVT SQQQ_USDT_Perpshort0.0000%8h34.659+0.025%$4K$114K10x
HTX SQQQ-USDT0.0000%8h34.660+0.029%$8K$1K10xas long as short
KuCoin SQQQUSDTM+0.0100%8h34.640−0.029%$127K$921K10xas long as short
OKX SQQQ-USDT-SWAP+0.0107%8h34.640−0.029%$905K$2.2M20xas long as short
BloFin SQQQ-USDT+0.0211%8h34.6500.000%$89K$8K20xas long as short
Binance SQQQUSDTlong+0.0215%8h34.650long leg$7.2M$19.1M20x
MEXC SQQQ_USDT+0.0218%8h34.620−0.087%$1.9M$320K20xas long as short