Funding you earn now, next payment 08:00 UTC−0.0057%/8h= −6.2% APRnext payment −$0.57 per $10,000 · paid last 24h −0.177%
Price spread now: Binance against OKX+0.387%7-day average +0.324% · you sell dearer than you buy
Net, funding: paid 7d − costs−$298as in the Funding arb table
Net, price: spread back to 7d avg − costs−$152as in the Price arb table
costs, in and out, $10k−$1591.586% of the position
Funding, last 7 days−1.395%−$140 on $10k
+Price spread, last 4 days (all we have)−0.540%−$54 · spread now +0.387%, 7d avg +0.324%
=The price spread pays, funding is against you. Binance is 0.063% dearer against OKX than usual: you sell high and buy low (spread +0.387% now, against its 7-day average of +0.324%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.7 days. At the pace of the last 7 days (−1.395% in total) that is about 8 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX GPRO-USDT-SWAP | 1.2980 | 0.1260 | pay 0.1260% / 8h | 3h 30m | $548K | $689K | 10x |
| Short | Binance GPROUSDT | 1.3030 | 0.1203 | get 0.1203% / 8h | 3h 30m | $891K | $1.8M | 20x |
OKX GPRO-USDT-SWAP
Binance GPROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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
- −$11.98
- Price spread: +0.387% → +0.324%
- $6.35
- Slippage, 4 orders
- −$138.57
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$164.19
- Costs to cover
- 1.586%
- Break-even
- never at this rate
Slippage from OKX: live order book, 21 min ago; Binance: 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 OKX live order book, 21 min ago | 7.70 bp | 36.0 bp −$36 | 413.3 bp −$4,133 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 7.68 bp | 36.9 bp −$37 | 152.4 bp −$1,524 | 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 | 1.3044 | +0.493% | $359K | $227K | 25x | as long as short |
| QFEX GPRO-USD | 0.0000% | 1h | 1.3100 | +0.924% | $1.2M | $33K | 10x | as long as short |
| Gate GPRO_USDT | 0.0000% | 8h | 1.3026 | +0.354% | $55K | $130K | 20x | as long as short |
| SunX GPRO-USDT | 0.0000% | 8h | 1.3050 | +0.539% | — | $1.8M | 10x | as long as short |
| HTX GPRO-USDT | 0.0000% | 8h | 1.3030 | +0.385% | $8K | $216K | 20x | as long as short |
| Bitget GPROUSDT | +0.0050% | 8h | 1.3037 | +0.439% | $399K | $2.6M | 20x | as long as short |
| Binance GPROUSDTshort | +0.1203% | 8h | 1.3030 | +0.387% | $891K | $1.8M | 20x | |
| Variational Omni GPRO | +0.1210% | 8h | 1.3028 | +0.368% | $38K | $32K | — | as long as short |
| OKX GPRO-USDT-SWAPlong | +0.1260% | 8h | 1.2980 | long leg | $548K | $689K | 10x | |
| Aster GPROUSD1 | +0.1385% | 8h | 1.3023 | +0.335% | $7.7M | $13.1M | 20x | as long as short |
Bybit GPROUSDT
QFEX GPRO-USD
Gate GPRO_USDT
SunX GPRO-USDT
HTX GPRO-USDT
Bitget GPROUSDT
Variational Omni GPRO
Aster GPROUSD1Show all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GPROUSDTM | +0.1414% | 8h | 1.3040 | +0.462% | $64K | $1.4M | 20x | as long as short |
| Entropy io:GPRO | +0.3261% | 1h | 1.3040 | +0.462% | $459K | $30.6M | 5x | as long as short |
KuCoin GPROUSDTM
Entropy io:GPRO