Funding you earn now, next payment 04:00 UTC−0.2098%/8h= −229.7% APRpaid last 24h +0.274%
Price spread now: Entropy against Binance+0.213%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$233as in the Price arb table
costs, in and out, $10k−$2552.553% of the position
Funding, last 7 days+2.098%+$210 on $10k
+Price spread, last 7 days−0.160%−$16 · spread now +0.213%, 7d avg −0.006%
=The price spread pays, funding is against you. Entropy is 0.219% dearer against Binance than usual: you sell high and buy low (spread +0.213% now, against its 7-day average of −0.006%): +$22 on $10k if it goes back. Holding the pair costs −$63 a day in funding at the current rate, which eats that in about 8 hours. Mind the row above: over the last 7 days funding on this pair paid +2.098%, 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 | Binance GPROUSDT | 1.3031 | 0.1280 | pay 0.1280% / 8h | 4h 44m | $899K | $1.8M | 20x |
| Short | Entropy io:GPRO | 1.3059 | −0.0818 | pay 0.0102% / 1h | 44m 17s | $459K | $30.6M | 5x |
Binance GPROUSDT
Entropy io:GPROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy against Binance. 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
- −$440.6
- Price spread: +0.213% → −0.006%
- $21.85
- Slippage, 4 orders
- −$227.29
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$674.04
- Costs to cover
- 2.553%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Entropy: live order book, 3 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 Binance live order book, 4 min ago | 7.68 bp | 38.5 bp −$38 | 141.8 bp −$1,418 | doesn't fit | doesn't fit |
| Sell Entropy live order book, 3 min ago | 23.36 bp | 92.7 bp −$93 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Entropy io:GPROshort | −0.0818% | 1h | 1.3059 | +0.213% | $459K | $30.6M | 5x | |
| QFEX GPRO-USD | −0.0018% | 1h | 1.3000 | −0.240% | $1.2M | $33K | 10x | as long as short |
| Bybit GPROUSDT | 0.0000% | 8h | 1.3069 | +0.289% | $359K | $252K | 25x | as long as short |
| Gate GPRO_USDT | 0.0000% | 8h | 1.3044 | +0.097% | $55K | $130K | 20x | as long as short |
| SunX GPRO-USDT | 0.0000% | 8h | 1.3040 | +0.067% | — | $1.8M | 10x | as long as short |
| HTX GPRO-USDT | 0.0000% | 8h | 1.3030 | −0.010% | $8K | $217K | 20x | as long as short |
| Bitget GPROUSDT | +0.0155% | 8h | 1.3039 | +0.059% | $398K | $2.6M | 20x | as long as short |
| Binance GPROUSDTlong | +0.1280% | 8h | 1.3031 | long leg | $899K | $1.8M | 20x | |
| Variational Omni GPRO | +0.1305% | 8h | 1.3028 | −0.027% | $36K | $31K | — | as long as short |
| Aster GPROUSD1 | +0.1507% | 8h | 1.3034 | +0.022% | $7.7M | $15.2M | 20x | as long as short |
QFEX GPRO-USD
Bybit GPROUSDT
Gate GPRO_USDT
SunX GPRO-USDT
HTX GPRO-USDT
Bitget GPROUSDT
Variational Omni GPRO
Aster GPROUSD1Show all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX GPRO-USDT-SWAP | +0.1702% | 8h | 1.2960 | −0.547% | $544K | $690K | 10x | as long as short |
| KuCoin GPROUSDTM | +0.1710% | 8h | 1.3050 | +0.144% | $64K | $1.5M | 20x | as long as short |
OKX GPRO-USDT-SWAP
KuCoin GPROUSDTM