Funding you earn now, next payment 05:00 UTC+0.3261%/8h= +357.1% APRpaid last 24h +0.318%
Price spread now: Entropy against Bybit−0.031%7-day average −0.297% · you buy dearer than you sell
Net, funding: paid 7d − costs−$313as in the Funding arb table
Net, price: spread back to 7d avg − costs−$473as in the Price arb table
costs, in and out, $10k−$4994.992% of the position
Funding, last 7 days+1.862%+$186 on $10k
+Price spread, last 4 days (all we have)−0.166%−$17 · spread now −0.031%, 7d avg −0.297%
=Both sides work for this trade now. Funding pays +$98 a day on $10k at the current rate, and Entropy is 0.266% dearer against Bybit than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of −0.297%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.862% in total (about 97.1% a year). A funding rate is set anew for every payment. 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 | Bybit GPROUSDT | 1.3044 | 0 | get 0.0000% / 8h | 3h 30m | $359K | $227K | 25x |
| Short | Entropy io:GPRO | 1.3040 | 0.3261 | get 0.0408% / 1h | 30m 23s | $459K | $30.6M | 5x |
Bybit GPROUSDT
Entropy io:GPROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy against Bybit. 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
- $684.76
- Price spread: −0.031% → −0.297%
- $26.65
- Slippage, 4 orders
- −$470.24
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- $212.17
- Costs to cover
- 4.992%
- Break-even
- 4.8 days
Slippage from Bybit: live order book, 14 min ago; Entropy: live order book, 7 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 Bybit live order book, 14 min ago | 7.28 bp | 160.6 bp −$161 | 1692.3 bp −$16.9K | doesn't fit | doesn't fit |
| Sell Entropy live order book, 7 min ago | 22.99 bp | 70.9 bp −$71 | 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 GPROUSDTlong | 0.0000% | 8h | 1.3044 | long leg | $359K | $227K | 25x | |
| QFEX GPRO-USD | 0.0000% | 1h | 1.3100 | +0.429% | $1.2M | $33K | 10x | as long as short |
| Gate GPRO_USDT | 0.0000% | 8h | 1.3026 | −0.138% | $55K | $130K | 20x | as long as short |
| SunX GPRO-USDT | 0.0000% | 8h | 1.3050 | +0.046% | — | $1.8M | 10x | as long as short |
| HTX GPRO-USDT | 0.0000% | 8h | 1.3030 | −0.107% | $8K | $216K | 20x | as long as short |
| Bitget GPROUSDT | +0.0050% | 8h | 1.3037 | −0.054% | $399K | $2.6M | 20x | as long as short |
| Binance GPROUSDT | +0.1203% | 8h | 1.3030 | −0.107% | $890K | $1.8M | 20x | as long as short |
| Variational Omni GPRO | +0.1210% | 8h | 1.3028 | −0.125% | $38K | $32K | — | as long as short |
| OKX GPRO-USDT-SWAP | +0.1260% | 8h | 1.2980 | −0.491% | $548K | $689K | 10x | as long as short |
| Aster GPROUSD1 | +0.1385% | 8h | 1.3023 | −0.158% | $7.7M | $13.1M | 20x | as long as short |
QFEX GPRO-USD
Gate GPRO_USDT
SunX GPRO-USDT
HTX GPRO-USDT
Bitget GPROUSDT
Binance 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 | +0.1414% | 8h | 1.3040 | −0.031% | $64K | $1.4M | 20x | as long as short |
| Entropy io:GPROshort | +0.3261% | 1h | 1.3040 | −0.031% | $459K | $30.6M | 5x |
KuCoin GPROUSDTM