Funding you earn now, next payment 08:00 UTC+0.0841%/8h= +92.1% APRnext payment +$8.41 per $10,000 · paid last 24h +0.109%
Price spread now: Binance against Gate−0.080%7-day average −0.273% · you buy dearer than you sell
Net, funding: paid 7d − costs−$206as in the Funding arb table
Net, price: spread back to 7d avg − costs−$212as in the Price arb table
costs, in and out, $10k−$2312.308% of the position
Funding, last 7 days+0.246%+$25 on $10k
+Price spread, last 2 days (all we have)−0.580%−$58 · spread now −0.080%, 7d avg −0.273%
=Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Binance is 0.193% dearer against Gate than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.273%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.246% in total (about 12.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.41 per $10,000. 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 | Gate GPRO_USDT | 1.3026 | 0 | get 0.0000% / 8h | 6h 50m | $57K | $132K | 20x |
| Short | Binance GPROUSDT | 1.3016 | 0.0841 | get 0.0841% / 8h | 6h 50m | $899K | $1.9M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $176.55
- Price spread: −0.080% → −0.273%
- $19.3
- Slippage, 4 orders
- −$205.84
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$34.99
- Costs to cover
- 2.308%
- Break-even
- 8.4 days
Slippage from Gate: live order book, 10 min ago; Binance: live order book, 13 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 Gate live order book, 10 min ago | 11.85 bp | 91.7 bp −$92 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 3.83 bp | 18.2 bp −$18 | 121.2 bp −$1,212 | 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 | +0.568% | $1.2M | $33K | 10x | as long as short |
| Gate GPRO_USDTlong | 0.0000% | 8h | 1.3026 | long leg | $57K | $132K | 20x | |
| SunX GPRO-USDT | 0.0000% | 8h | 1.3020 | −0.046% | — | $2.0M | 10x | as long as short |
| HTX GPRO-USDT | 0.0000% | 8h | 1.3020 | −0.046% | $8K | $227K | 20x | as long as short |
| Bitget GPROUSDT | +0.0295% | 8h | 1.3032 | +0.046% | $411K | $2.7M | 20x | as long as short |
| Bybit GPROUSDT | +0.0449% | 8h | 1.3032 | +0.046% | $353K | $301K | 25x | as long as short |
| Variational Omni GPRO | +0.0820% | 8h | 1.3013 | −0.100% | $36K | $31K | — | as long as short |
| Binance GPROUSDTshort | +0.0841% | 8h | 1.3016 | −0.080% | $899K | $1.9M | 20x | |
| Aster GPROUSD1 | +0.0955% | 8h | 1.3014 | −0.094% | $7.7M | $19.0M | 20x | as long as short |
| KuCoin GPROUSDTM | +0.1708% | 8h | 1.3030 | +0.031% | $64K | $1.7M | 20x | as long as short |
Show all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX GPRO-USDT-SWAP | +0.1860% | 8h | 1.2940 | −0.660% | $534K | $698K | 10x | as long as short |
| Entropy io:GPRO | +0.2000% | 1h | 1.3009 | −0.131% | $454K | $30.6M | 5x | as long as short |
Gate GPRO_USDT
Binance GPROUSDT
SunX GPRO-USDT
HTX GPRO-USDT
Bitget GPROUSDT
Bybit GPROUSDT
Variational Omni GPRO
Aster GPROUSD1
KuCoin GPROUSDTM
OKX GPRO-USDT-SWAP