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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+0.2387%/8h= +261.4% APRnext payment +$23.87 per $10,000 · paid last 24h +0.222%
Price spread now: OKX against Bybit−0.939%7-day average −0.484% · you buy dearer than you sell
Net, funding: paid 7d − costs−$286as in the Funding arb table
Net, price: spread back to 7d avg − costs−$447as in the Price arb table
costs, in and out, $10k−$4024.018% of the position
Long on BybitShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days+1.154%+$115 on $10k
Price spread, last 4 days (all we have)+0.680%+$68 · spread now −0.939%, 7d avg −0.484%
Together, before fees+1.834%+$183 on $10k · with fees, hour by hour
Funding pays, the price is against you. OKX is 0.455% cheaper against Bybit than usual: you would sell low and buy high (spread −0.939% now, against its 7-day average of −0.484%). If the spread goes back, that is −$45 on $10k: about 15 hours of funding at the current rate (+$72 a day). At the pace of the last 7 days (+1.154% in total) that is about 2.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.154% in total (about 60.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$23.87 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
LongBybit GPROUSDT1.31030get 0.0000% / 8h5h 58m$360K$296K25x
ShortOKX GPRO-USDT-SWAP1.29800.2387get 0.2387% / 8h5h 58m$540K$701K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Bybit. 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
$501.37
Price spread: −0.939% → −0.484%
−$45.46
Slippage, 4 orders
−$380.77
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee OKX: 5 bp × 2 orders
−$10
Net
$54.14
Costs to cover
4.018%
Break-even
6.2 days
Slippage from Bybit: live order book, 61 min ago; OKX: 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 Bybit live order book, 61 min ago4.59 bp161.9 bp −$1621785.2 bp −$17.9Kdoesn't fitdoesn't fit
Sell OKX live order book, 2 min ago11.56 bp49.4 bp −$49431.0 bp −$4,310doesn'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
Bybit GPROUSDTlong0.0000%8h1.3103long leg$360K$296K25x
QFEX GPRO-USD0.0000%1h1.3000−0.786%$1.2M$33K10xas long as short
Gate GPRO_USDT0.0000%8h1.3054−0.374%$57K$132K20xas long as short
SunX GPRO-USDT0.0000%8h1.3040−0.481%—$1.9M10xas long as short
HTX GPRO-USDT0.0000%8h1.3050−0.404%$8K$220K20xas long as short
Bitget GPROUSDT+0.0264%8h1.3061−0.321%$408K$2.7M20xas long as short
Entropy io:GPRO+0.0436%1h1.3058−0.343%$456K$30.6M5xas long as short
Variational Omni GPRO+0.1451%8h1.3048−0.422%$36K$31K—as long as short
Binance GPROUSDT+0.1455%8h1.3045−0.446%$904K$1.8M20xas long as short
Aster GPROUSD1+0.1756%8h1.3054−0.373%$7.7M$17.3M20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin GPROUSDTM+0.2132%8h1.3070−0.252%$65K$1.6M20xas long as short
OKX GPRO-USDT-SWAPshort+0.2387%8h1.2980−0.939%$540K$701K10x