Funding you earn now, next payment 08:00 UTC−0.1214%/8h= −133.0% APRnext payment −$12.14 per $10,000 · paid last 24h −0.109%
Price spread now: Gate against Binance−0.054%7-day average +0.260% · you buy dearer than you sell
Net, funding: paid 7d − costs−$256as in the Funding arb table
Net, price: spread back to 7d avg − costs−$263as in the Price arb table
costs, in and out, $10k−$2322.319% of the position
Funding, last 7 days−0.246%−$25 on $10k
+Price spread, last 4 days (all we have)+0.371%+$37 · spread now −0.054%, 7d avg +0.260%
=Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and Gate is 0.314% cheaper against Binance than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of +0.260%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.246% in total (about -12.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$12.14 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 | Binance GPROUSDT | 1.3020 | 0.1214 | pay 0.1214% / 8h | 3h 58m | $895K | $1.7M | 20x |
| Short | Gate GPRO_USDT | 1.3013 | 0 | get 0.0000% / 8h | 3h 58m | $55K | $130K | 20x |
Binance GPROUSDT
Gate GPRO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$255.03
- Price spread: −0.054% → +0.260%
- −$31.41
- Slippage, 4 orders
- −$206.91
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$518.35
- Costs to cover
- 2.319%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; Gate: live order book, 52 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, 5 min ago | 7.68 bp | 39.4 bp −$39 | 135.0 bp −$1,350 | doesn't fit | doesn't fit |
| Sell Gate live order book, 52 min ago | 13.02 bp | 106.6 bp −$107 | 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 | 1.3071 | +0.392% | $360K | $232K | 25x | as long as short |
| QFEX GPRO-USD | 0.0000% | 1h | 1.3100 | +0.614% | $1.2M | $33K | 10x | as long as short |
| Gate GPRO_USDTshort | 0.0000% | 8h | 1.3013 | −0.054% | $55K | $130K | 20x | |
| SunX GPRO-USDT | 0.0000% | 8h | 1.3040 | +0.154% | — | $1.8M | 10x | as long as short |
| HTX GPRO-USDT | 0.0000% | 8h | 1.3020 | 0.000% | $8K | $215K | 20x | as long as short |
| Bitget GPROUSDT | +0.0091% | 8h | 1.3035 | +0.115% | $398K | $2.6M | 20x | as long as short |
| Binance GPROUSDTlong | +0.1214% | 8h | 1.3020 | long leg | $895K | $1.7M | 20x | |
| Variational Omni GPRO | +0.1216% | 8h | 1.3018 | −0.017% | $37K | $32K | — | as long as short |
| OKX GPRO-USDT-SWAP | +0.1392% | 8h | 1.2950 | −0.538% | $544K | $684K | 10x | as long as short |
| Aster GPROUSD1 | +0.1419% | 8h | 1.3014 | −0.049% | $7.7M | $14.0M | 20x | as long as short |
Bybit GPROUSDT
QFEX GPRO-USD
SunX GPRO-USDT
HTX GPRO-USDT
Bitget GPROUSDT
Variational Omni GPRO
OKX GPRO-USDT-SWAP
Aster GPROUSD1Show all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GPROUSDTM | +0.1516% | 8h | 1.3030 | +0.077% | $64K | $1.5M | 20x | as long as short |
| Entropy io:GPRO | +0.2995% | 1h | 1.3030 | +0.077% | $458K | $30.6M | 5x | as long as short |
KuCoin GPROUSDTM
Entropy io:GPRO