Funding you earn now, next payment 08:00 UTC+0.0190%/8h= +20.8% APRnext payment +$1.90 per $10,000 · paid last 24h +0.047%
Price spread now: MEXC against GRVT+0.087%67s7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as 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−$230.229% of the position
Funding, last 7 days+0.039%+$4 on $10k
+Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.087%, 7d avg −0.019%
=Together, before fees−0.058%+ Points / potential airdropGRVT: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and MEXC is 0.106% dearer against GRVT than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.019%. The two prices were read 67 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 0.039% in total (about 2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.90 per $10,000. 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 | GRVT SQQQ_USDT_Perp | 34.490 | 0.0170 | pay 0.0170% / 8h | 2h 02m | $4K | $111K | 10x |
| Short | MEXC SQQQ_USDT | 34.520 | 0.0360 | get 0.0360% / 8h | 2h 02m | $1.7M | $378K | 20x |
GRVT SQQQ_USDT_Perp
MEXC SQQQ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against GRVT. 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
- $39.9
- Price spread: +0.087% → −0.019%
- $10.55
- Slippage, 4 orders
- −$13.86
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $27.59
- Costs to cover
- 0.229%
- Break-even
- 2.2 days
Slippage from GRVT: live order book, 45 min ago; MEXC: live order book, 4 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 GRVT live order book, 45 min ago | 4.34 bp | 11.1 bp −$11 | 34.7 bp −$347 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 1.45 bp | 1.4 bp −$1 | 5.6 bp −$56 | 144.4 bp −$14.4K | doesn't fit |
SQQQ on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SQQQUSDT | 0.0000% | 8h | 34.520 | +0.087% | $781K | $562K | 25x | as long as short |
| Gate SQQQ_USDT | 0.0000% | 8h | 34.520 | +0.087% | $1.1M | $1.4M | 20x | as long as short |
| Bitget SQQQUSDT | 0.0000% | 8h | 34.530 | +0.116% | $2.9M | $1.2M | 20x | as long as short |
| HTX SQQQ-USDT | 0.0000% | 8h | 34.550 | +0.174% | $8K | $1K | 10x | as long as short |
| KuCoin SQQQUSDTM | +0.0100% | 8h | 34.510 | +0.058% | $123K | $965K | 10x | as long as short |
| GRVT SQQQ_USDT_Perplong | +0.0170% | 8h | 34.490 | long leg | $4K | $111K | 10x | |
| OKX SQQQ-USDT-SWAP | +0.0207% | 8h | 34.520 | +0.087% | $831K | $1.8M | 20x | as long as short |
| MEXC SQQQ_USDTshort | +0.0360% | 8h | 34.520 | +0.087% | $1.7M | $378K | 20x | |
| Binance SQQQUSDT | +0.0361% | 8h | 34.528 | +0.110% | $6.9M | $17.4M | 20x | as long as short |
| BloFin SQQQ-USDT | +0.0388% | 8h | 34.540 | +0.145% | $84K | $7K | 20x | as long as short |
Bybit SQQQUSDT
Gate SQQQ_USDT
Bitget SQQQUSDT
HTX SQQQ-USDT
KuCoin SQQQUSDTM
OKX SQQQ-USDT-SWAP
Binance SQQQUSDT
BloFin SQQQ-USDT