Funding you earn now, next payment 09:00 UTC−0.0264%/8h= −28.9% APRnext payment −$0.33 per $10,000 · paid last 24h −0.369%
Price spread now: QFEX against Entropy+0.332%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$557as in the Price arb table
costs, in and out, $10k−$5855.846% of the position
Funding, last 4 days (all we have)−1.404%−$140 on $10k
+Price spread, last 7 days−0.029%−$3 · spread now +0.332%, 7d avg +0.051%
=The price spread pays, funding is against you. QFEX is 0.281% dearer against Entropy than usual: you sell high and buy low (spread +0.332% now, against its 7-day average of +0.051%): +$28 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 3.6 days. At the pace of the last 4 days (−1.404% in total) that is about 18 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:GPRO | 1.2957 | 0.0264 | pay 0.0033% / 1h | 47m 36s | $480K | $30.6M | 5x |
| Short | QFEX GPRO-USD | 1.3000 | 0 | get 0.0000% / 1h | 47m 36s | $1.2M | $32K | 10x |
Entropy io:GPRO
QFEX GPRO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$55.39
- Price spread: +0.332% → +0.051%
- $28.1
- Slippage, 4 orders
- −$556.61
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$611.9
- Costs to cover
- 5.846%
- Break-even
- never at this rate
Slippage from Entropy: live order book, 9 min ago; QFEX: live order book, 4 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, 9 min ago | 4.64 bp | 126.9 bp −$127 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 193.05 bp | 198.1 bp −$198 | 268.1 bp −$2,681 | 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 GPROUSDT | 0.0000% | 8h | 1.2974 | +0.131% | $364K | $212K | 25x | as long as short |
| QFEX GPRO-USDshort | 0.0000% | 1h | 1.3000 | +0.332% | $1.2M | $32K | 10x | |
| Gate GPRO_USDT | 0.0000% | 8h | 1.2962 | +0.039% | $54K | $126K | 20x | as long as short |
| Bitget GPROUSDT | 0.0000% | 8h | 1.2940 | −0.131% | $395K | $2.7M | 20x | as long as short |
| SunX GPRO-USDT | 0.0000% | 8h | 1.2950 | −0.054% | — | $1.7M | 10x | as long as short |
| HTX GPRO-USDT | 0.0000% | 8h | 1.2940 | −0.131% | $8K | $207K | 20x | as long as short |
| Binance GPROUSDT | +0.0139% | 8h | 1.2930 | −0.208% | $878K | $1.7M | 20x | as long as short |
| Variational Omni GPRO | +0.0157% | 8h | 1.2943 | −0.109% | $37K | $29K | — | as long as short |
| KuCoin GPROUSDTM | +0.0199% | 8h | 1.2950 | −0.054% | $63K | $1.2M | 20x | as long as short |
| Aster GPROUSD1 | +0.0226% | 8h | 1.2934 | −0.179% | $7.6M | $19.1M | 20x | as long as short |
Bybit GPROUSDT
Gate GPRO_USDT
Bitget GPROUSDT
SunX GPRO-USDT
HTX GPRO-USDT
Binance GPROUSDT
Variational Omni GPRO
KuCoin GPROUSDTM
Aster GPROUSD1Show all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX GPRO-USDT-SWAP | +0.0231% | 8h | 1.2890 | −0.517% | $544K | $676K | 10x | as long as short |
| Entropy io:GPROlong | +0.0264% | 1h | 1.2957 | long leg | $480K | $30.6M | 5x |
OKX GPRO-USDT-SWAP