Funding you earn now, next payment 02:00 UTC−0.0203%/8h= −22.2% APRpaid last 24h −0.092%
Price spread now: OKX against Entropy−0.476%7-day average −0.188% · you buy dearer than you sell
Net, funding: paid 7d − costs−$352as in the Funding arb table
Net, price: spread back to 7d avg − costs−$314as in the Price arb table
costs, in and out, $10k−$2852.854% of the position
Funding, last 7 days−0.667%−$67 on $10k
+Price spread, last 4 days (all we have)+0.396%+$40 · spread now −0.476%, 7d avg −0.188%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and OKX is 0.288% cheaper against Entropy than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.188%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:GPRO | 1.3012 | 0.2107 | pay 0.0263% / 1h | 47m 26s | $454K | $30.6M | 5x |
| Short | OKX GPRO-USDT-SWAP | 1.2950 | 0.1904 | get 0.1904% / 8h | 6h 47m | $534K | $699K | 10x |
Entropy io:GPRO
OKX GPRO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Entropy. 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
- −$42.64
- Price spread: −0.476% → −0.188%
- −$28.85
- Slippage, 4 orders
- −$257.44
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$356.92
- Costs to cover
- 2.854%
- Break-even
- never at this rate
Slippage from Entropy: live order book, 10 min ago; OKX: live order book, 19 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 Entropy live order book, 10 min ago | 25.29 bp | 83.8 bp −$84 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 19 min ago | 7.70 bp | 44.9 bp −$45 | 630.4 bp −$6,304 | 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 | 0.0000% | 1h | 1.3100 | +0.676% | $1.2M | $33K | 10x | as long as short |
| Gate GPRO_USDT | 0.0000% | 8h | 1.2996 | −0.123% | $57K | $132K | 20x | as long as short |
| SunX GPRO-USDT | 0.0000% | 8h | 1.3030 | +0.138% | — | $2.0M | 10x | as long as short |
| HTX GPRO-USDT | 0.0000% | 8h | 1.3030 | +0.138% | $8K | $227K | 20x | as long as short |
| Bitget GPROUSDT | +0.0291% | 8h | 1.3030 | +0.138% | $411K | $2.7M | 20x | as long as short |
| Bybit GPROUSDT | +0.0462% | 8h | 1.3040 | +0.215% | $353K | $301K | 25x | as long as short |
| Variational Omni GPRO | +0.0820% | 8h | 1.3013 | +0.008% | $36K | $31K | — | as long as short |
| Binance GPROUSDT | +0.0876% | 8h | 1.3025 | +0.098% | $895K | $1.9M | 20x | as long as short |
| Aster GPROUSD1 | +0.1002% | 8h | 1.3029 | +0.132% | $7.7M | $19.0M | 20x | as long as short |
| KuCoin GPROUSDTM | +0.1734% | 8h | 1.3030 | +0.138% | $65K | $1.7M | 20x | as long as short |
QFEX GPRO-USD
Gate GPRO_USDT
SunX GPRO-USDT
HTX GPRO-USDT
Bitget GPROUSDT
Bybit GPROUSDT
Variational Omni GPRO
Binance GPROUSDT
Aster GPROUSD1
KuCoin GPROUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX GPRO-USDT-SWAPshort | +0.1904% | 8h | 1.2950 | −0.476% | $534K | $699K | 10x | |
| Entropy io:GPROlong | +0.2107% | 1h | 1.3012 | long leg | $454K | $30.6M | 5x |