Funding arb · Price arb /

GPRO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0167%/8h= −18.3% APRpaid last 24h +0.266%

Price spread now: Entropy against Aster+0.053%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs+$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$184as in the Price arb table

costs, in and out, $10k−$1921.916% of the position

Long on Aster Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 7 days+2.035%+$204 on $10k

Price spread, last 7 days+0.091%+$9 · spread now +0.053%, 7d avg −0.021%

Together, before fees+2.126%+ Points / potential airdropAster: Stage 5 · farm board+$213 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Entropy is 0.073% dearer against Aster than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of −0.021%): +$7 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 35 hours. Mind the row above: over the last 7 days funding on this pair paid +2.035%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GPROUSD1	1.3017	0.0496	pay 0.0496% / 8h	42m 05s	$7.7M	$19.1M	20x
Short	Entropy io:GPRO	1.3024	0.0329	get 0.0041% / 1h	42m 05s	$483K	$30.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against Aster. 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

Position, each leg$Hold fordaysFee AsterbpFee EntropybpOrdersPrice spread, now +0.053%Rate

Funding earned: −$35.15
Price spread: +0.053% → −0.021%: $7.33
Slippage, 4 orders: −$165.61
Fee Aster: 4 bp × 2 orders: −$8
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$219.43
Costs to cover: 1.916%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Entropy: 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 Aster live order book, 2 min ago	7.67 bp	32.1 bp −$32	66.3 bp −$663	doesn't fit	doesn't fit
Sell Entropy live order book, 4 min ago	2.69 bp	80.1 bp −$80	doesn't fit	doesn't fit	doesn't fit

GPRO on 12 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 GPROUSDT	0.0000%	8h	1.3056	+0.298%	$361K	$224K	25x	as long as short
QFEX GPRO-USD	0.0000%	1h	1.3100	+0.636%	$1.2M	$31K	10x	as long as short
Gate GPRO_USDT	0.0000%	8h	1.3021	+0.030%	$55K	$130K	20x	as long as short
Bitget GPROUSDT	0.0000%	8h	1.3038	+0.160%	$421K	$2.7M	20x	as long as short
SunX GPRO-USDT	0.0000%	8h	1.3040	+0.176%	—	$1.7M	10x	as long as short
HTX GPRO-USDT	0.0000%	8h	1.3040	+0.176%	$8K	$206K	20x	as long as short
Entropy io:GPROshort	+0.0329%	1h	1.3024	+0.053%	$483K	$30.6M	5x
Binance GPROUSDT	+0.0355%	8h	1.3030	+0.099%	$872K	$1.7M	20x	as long as short
Variational Omni GPRO	+0.0397%	8h	1.3032	+0.118%	$37K	$30K	—	as long as short
OKX GPRO-USDT-SWAP	+0.0449%	8h	1.2970	−0.362%	$547K	$687K	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin GPROUSDTM	+0.0476%	8h	1.3050	+0.252%	$64K	$1.2M	20x	as long as short
Aster GPROUSD1long	+0.0496%	8h	1.3017	long leg	$7.7M	$19.1M	20x