Funding you earn now, next payment 08:00 UTC−0.1555%/8h= −170.3% APRnext payment −$15.55 per $10,000 · paid last 24h −0.234%
Price spread now: Bitget against OKX+0.617%7-day average +0.391% · you sell dearer than you buy
Net, funding: paid 7d − costs−$232as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1231.234% of the position
Funding, last 7 days−1.081%−$108 on $10k
+Price spread, last 4 days (all we have)−0.502%−$50 · spread now +0.617%, 7d avg +0.391%
=The price spread pays, funding is against you. Bitget is 0.227% dearer against OKX than usual: you sell high and buy low (spread +0.617% now, against its 7-day average of +0.391%): +$23 on $10k if it goes back. Holding the pair costs −$47 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−1.081% in total) that is about 35 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.081% in total (about -56.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$15.55 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 | OKX GPRO-USDT-SWAP | 1.2960 | 0.1711 | pay 0.1711% / 8h | 4h 45m | $544K | $690K | 10x |
| Short | Bitget GPROUSDT | 1.3040 | 0.0156 | get 0.0156% / 8h | 4h 45m | $398K | $2.6M | 20x |
OKX GPRO-USDT-SWAP
Bitget GPROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$326.52
- Price spread: +0.617% → +0.391%
- $22.67
- Slippage, 4 orders
- −$101.45
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$427.3
- Costs to cover
- 1.234%
- Break-even
- never at this rate
Slippage from OKX: live order book, 11 min ago; Bitget: live order book, 2 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, 11 min ago | 7.70 bp | 38.9 bp −$39 | 410.7 bp −$4,107 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 13.42 bp | 19.7 bp −$20 | 28.7 bp −$287 | 113.5 bp −$11.4K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Entropy io:GPRO | −0.0844% | 1h | 1.3058 | +0.756% | $459K | $30.6M | 5x | as long as short |
| QFEX GPRO-USD | −0.0018% | 1h | 1.3000 | +0.309% | $1.2M | $33K | 10x | as long as short |
| Bybit GPROUSDT | 0.0000% | 8h | 1.3069 | +0.841% | $359K | $252K | 25x | as long as short |
| Gate GPRO_USDT | 0.0000% | 8h | 1.3044 | +0.648% | $55K | $130K | 20x | as long as short |
| SunX GPRO-USDT | 0.0000% | 8h | 1.3040 | +0.617% | — | $1.8M | 10x | as long as short |
| HTX GPRO-USDT | 0.0000% | 8h | 1.3030 | +0.540% | $8K | $217K | 20x | as long as short |
| Bitget GPROUSDTshort | +0.0156% | 8h | 1.3040 | +0.617% | $398K | $2.6M | 20x | |
| Binance GPROUSDT | +0.1289% | 8h | 1.3040 | +0.617% | $900K | $1.8M | 20x | as long as short |
| Variational Omni GPRO | +0.1305% | 8h | 1.3028 | +0.523% | $36K | $31K | — | as long as short |
| Aster GPROUSD1 | +0.1507% | 8h | 1.3035 | +0.577% | $7.7M | $15.4M | 20x | as long as short |
Entropy io:GPRO
QFEX GPRO-USD
Bybit GPROUSDT
Gate GPRO_USDT
SunX GPRO-USDT
HTX GPRO-USDT
Binance GPROUSDT
Variational Omni GPRO
Aster GPROUSD1Show all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX GPRO-USDT-SWAPlong | +0.1711% | 8h | 1.2960 | long leg | $544K | $690K | 10x | |
| KuCoin GPROUSDTM | +0.1716% | 8h | 1.3050 | +0.694% | $64K | $1.5M | 20x | as long as short |
KuCoin GPROUSDTM