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Funding arb · Price arb /

GPRO

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.1533%/8h= +167.9% APRnext payment +$15.33 per $10,000 · paid last 24h +0.234%
Price spread now: KuCoin against Bitget+0.038%7-day average −0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$750as in the Funding arb table
Net, price: spread back to 7d avg − costs−$811as in the Price arb table
costs, in and out, $10k−$8198.189% of the position
Long on BitgetShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.691%+$69 on $10k
Price spread, last 7 days−0.015%−$1 · spread now +0.038%, 7d avg −0.045%
Together, before fees+0.676%+$68 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$46 a day on $10k at the current rate, and KuCoin is 0.084% dearer against Bitget than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.045%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.691% in total (about 36.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$15.33 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget GPROUSDT1.30350.0129pay 0.0129% / 8h4h 24m$398K$2.6M20x
ShortKuCoin GPROUSDTM1.30400.1662get 0.1662% / 8h4h 24m$64K$1.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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

Funding earned
$321.93
Price spread: +0.038% → −0.045%
$8.35
Slippage, 4 orders
−$794.87
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$488.58
Costs to cover
8.189%
Break-even
17.6 days
Slippage from Bitget: live order book, 3 min ago; KuCoin: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 3 min ago5.76 bp13.3 bp −$1317.3 bp −$17394.3 bp −$9,432doesn't fit
Sell KuCoin live order book, 2 min ago23.01 bp532.9 bp −$533doesn't fitdoesn't fitdoesn't fit

GPRO on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX GPRO-USD−0.0018%1h1.3100+0.499%$1.2M$33K10xas long as short
Bybit GPROUSDT0.0000%8h1.3071+0.276%$360K$242K25xas long as short
Gate GPRO_USDT0.0000%8h1.3036+0.008%$55K$130K20xas long as short
SunX GPRO-USDT0.0000%8h1.3040+0.038%—$1.8M10xas long as short
HTX GPRO-USDT0.0000%8h1.3020−0.115%$8K$216K20xas long as short
Bitget GPROUSDTlong+0.0129%8h1.3035long leg$398K$2.6M20x
Entropy io:GPRO+0.1166%1h1.3026−0.069%$457K$30.6M5xas long as short
Binance GPROUSDT+0.1269%8h1.3020−0.114%$896K$1.8M20xas long as short
Variational Omni GPRO+0.1269%8h1.3018−0.134%$36K$31K—as long as short
Aster GPROUSD1+0.1476%8h1.3021−0.109%$7.7M$14.4M20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX GPRO-USDT-SWAP+0.1644%8h1.2950−0.652%$544K$686K10xas long as short
KuCoin GPROUSDTMshort+0.1662%8h1.3040+0.038%$64K$1.5M20x