Funding you earn now, next payment 08:00 UTC+0.1143%/8h= +125.2% APRnext payment +$11.43 per $10,000 · paid last 24h +0.057%
Price spread now: Binance against Bitget−0.115%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1071.070% of the position
Funding, last 7 days−0.314%−$31 on $10k
+Price spread, last 7 days+0.202%+$20 · spread now −0.115%, 7d avg −0.059%
=Funding pays, the price is against you. Binance is 0.056% cheaper against Bitget than usual: you would sell low and buy high (spread −0.115% now, against its 7-day average of −0.059%). If the spread goes back, that is −$6 on $10k: about 4 hours of funding at the current rate (+$34 a day). Mind the row above: over the last 7 days funding on this pair cost −0.314%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.314% in total (about -16.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$11.43 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 | Bitget GPROUSDT | 1.3035 | 0.0133 | pay 0.0133% / 8h | 4h 27m | $398K | $2.6M | 20x |
| Short | Binance GPROUSDT | 1.3020 | 0.1276 | get 0.1276% / 8h | 4h 27m | $896K | $1.8M | 20x |
Bitget GPROUSDT
Binance GPROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- $240.02
- Price spread: −0.115% → −0.059%
- −$5.56
- Slippage, 4 orders
- −$84.98
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $127.49
- Costs to cover
- 1.070%
- Break-even
- 3.3 days
Slippage from Bitget: live order book, 5 min ago; Binance: live order book, 6 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 Bitget live order book, 5 min ago | 2.68 bp | 11.1 bp −$11 | 14.7 bp −$147 | 88.5 bp −$8,847 | doesn't fit |
| Sell Binance live order book, 6 min ago | 7.68 bp | 40.6 bp −$41 | 213.4 bp −$2,134 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX GPRO-USD | −0.0018% | 1h | 1.3100 | +0.499% | $1.2M | $33K | 10x | as long as short |
| Bybit GPROUSDT | 0.0000% | 8h | 1.3071 | +0.276% | $360K | $244K | 25x | as long as short |
| Gate GPRO_USDT | 0.0000% | 8h | 1.3038 | +0.023% | $55K | $130K | 20x | as long as short |
| SunX GPRO-USDT | 0.0000% | 8h | 1.3040 | +0.038% | — | $1.8M | 10x | as long as short |
| HTX GPRO-USDT | 0.0000% | 8h | 1.3030 | −0.038% | $8K | $216K | 20x | as long as short |
| Bitget GPROUSDTlong | +0.0133% | 8h | 1.3035 | long leg | $398K | $2.6M | 20x | |
| Entropy io:GPRO | +0.0975% | 1h | 1.3027 | −0.061% | $458K | $30.6M | 5x | as long as short |
| Binance GPROUSDTshort | +0.1276% | 8h | 1.3020 | −0.115% | $896K | $1.8M | 20x | |
| Variational Omni GPRO | +0.1284% | 8h | 1.3023 | −0.094% | $36K | $31K | — | as long as short |
| Aster GPROUSD1 | +0.1484% | 8h | 1.3016 | −0.145% | $7.7M | $14.8M | 20x | as long as short |
QFEX GPRO-USD
Bybit GPROUSDT
Gate GPRO_USDT
SunX GPRO-USDT
HTX GPRO-USDT
Entropy io:GPRO
Variational Omni GPRO
Aster GPROUSD1Show all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GPROUSDTM | +0.1681% | 8h | 1.3040 | +0.038% | $64K | $1.5M | 20x | as long as short |
| OKX GPRO-USDT-SWAP | +0.1681% | 8h | 1.2950 | −0.652% | $544K | $690K | 10x | as long as short |
KuCoin GPROUSDTM
OKX GPRO-USDT-SWAP