Funding you earn now, next payment 08:00 UTC−0.0064%/8h= −7.1% APRpaid last 24h +0.099%
Price spread now: Entropy against KuCoin−0.146%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$630as in the Funding arb table
Net, price: spread back to 7d avg − costs−$753as in the Price arb table
costs, in and out, $10k−$7407.404% of the position
Funding, last 7 days+1.104%+$110 on $10k
+Price spread, last 7 days+0.415%+$41 · spread now −0.146%, 7d avg −0.024%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Entropy is 0.121% cheaper against KuCoin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.024%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.104%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin GPROUSDTM | 1.3050 | 0.0254 | pay 0.0254% / 8h | 13m 34s | $64K | $1.1M | 20x |
| Short | Entropy io:GPRO | 1.3031 | 0.0190 | get 0.0024% / 1h | 13m 34s | $483K | $30.6M | 5x |
KuCoin GPROUSDTM
Entropy io:GPROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy against KuCoin. 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
- −$13.53
- Price spread: −0.146% → −0.024%
- −$12.13
- Slippage, 4 orders
- −$710.44
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$766.11
- Costs to cover
- 7.404%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 1 min ago; Entropy: live order book, 3 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 KuCoin live order book, 1 min ago | 19.15 bp | 193.9 bp −$194 | doesn't fit | doesn't fit | doesn't fit |
| Sell Entropy live order book, 3 min ago | 1.92 bp | 63.7 bp −$64 | 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 GPROUSDT | 0.0000% | 8h | 1.3056 | +0.046% | $361K | $223K | 25x | as long as short |
| QFEX GPRO-USD | 0.0000% | 1h | 1.3100 | +0.383% | $1.2M | $31K | 10x | as long as short |
| Gate GPRO_USDT | 0.0000% | 8h | 1.3021 | −0.222% | $55K | $130K | 20x | as long as short |
| Bitget GPROUSDT | 0.0000% | 8h | 1.3042 | −0.061% | $421K | $2.7M | 20x | as long as short |
| SunX GPRO-USDT | 0.0000% | 8h | 1.3050 | 0.000% | — | $1.7M | 10x | as long as short |
| HTX GPRO-USDT | 0.0000% | 8h | 1.3040 | −0.077% | $8K | $209K | 20x | as long as short |
| Binance GPROUSDT | +0.0154% | 8h | 1.3040 | −0.076% | $873K | $1.7M | 20x | as long as short |
| Variational Omni GPRO | +0.0171% | 8h | 1.3038 | −0.092% | $37K | $30K | — | as long as short |
| Entropy io:GPROshort | +0.0190% | 1h | 1.3031 | −0.146% | $483K | $30.6M | 5x | |
| OKX GPRO-USDT-SWAP | +0.0221% | 8h | 1.2970 | −0.613% | $546K | $680K | 10x | as long as short |
Bybit GPROUSDT
QFEX GPRO-USD
Gate GPRO_USDT
Bitget GPROUSDT
SunX GPRO-USDT
HTX GPRO-USDT
Binance GPROUSDT
Variational Omni GPRO
OKX GPRO-USDT-SWAPShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GPROUSDTMlong | +0.0254% | 8h | 1.3050 | long leg | $64K | $1.1M | 20x | |
| Aster GPROUSD1 | +0.0296% | 8h | 1.3041 | −0.072% | $7.7M | $19.1M | 20x | as long as short |
Aster GPROUSD1