Funding you earn now, next payment 16:00 UTC−0.0381%/8h= −41.7% APRnext payment −$3.81 per $10,000 · paid last 24h −0.068%
Price spread now: Bybit against OKX+0.325%7-day average +0.504% · you sell dearer than you buy
Net, funding: paid 7d − costs−$511as in the Funding arb table
Net, price: spread back to 7d avg − costs−$411as in the Price arb table
costs, in and out, $10k−$3933.932% of the position
Funding, last 7 days−1.181%−$118 on $10k
+Price spread, last 4 days (all we have)−0.129%−$13 · spread now +0.325%, 7d avg +0.504%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bybit is 0.179% cheaper against OKX than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.504%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX GPRO-USDT-SWAP | 1.2940 | 0.0381 | pay 0.0381% / 8h | 4h 51m | $546K | $625K | 10x |
| Short | Bybit GPROUSDT | 1.2982 | 0 | get 0.0000% / 8h | 4h 51m | $361K | $191K | 25x |
OKX GPRO-USDT-SWAP
Bybit GPROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$80
- Price spread: +0.325% → +0.504%
- −$17.91
- Slippage, 4 orders
- −$372.22
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$491.13
- Costs to cover
- 3.932%
- Break-even
- never at this rate
Slippage from OKX: live order book, 53 min ago; Bybit: live order book, 46 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, 53 min ago | 7.73 bp | 54.3 bp −$54 | 422.5 bp −$4,225 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 46 min ago | 7.30 bp | 149.7 bp −$150 | doesn't fit | doesn't fit | doesn't fit |
GPRO on 12 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster GPROUSD1 | 0.0000% | 8h | 1.2962 | +0.173% | $7.7M | $15.7M | 20x | as long as short |
| Bybit GPROUSDTshort | 0.0000% | 8h | 1.2982 | +0.325% | $361K | $191K | 25x | |
| QFEX GPRO-USD | 0.0000% | 1h | 1.3000 | +0.464% | $1.2M | $31K | 10x | as long as short |
| Gate GPRO_USDT | 0.0000% | 8h | 1.2965 | +0.193% | $55K | $117K | 20x | as long as short |
| SunX GPRO-USDT | 0.0000% | 8h | 1.2980 | +0.309% | — | $1.3M | 10x | as long as short |
| HTX GPRO-USDT | 0.0000% | 8h | 1.2940 | 0.000% | $8K | $197K | 20x | as long as short |
| Variational Omni GPRO | +0.0030% | 8h | 1.2977 | +0.283% | $37K | $20K | — | as long as short |
| Binance GPROUSDT | +0.0081% | 8h | 1.2960 | +0.155% | $882K | $1.4M | 20x | as long as short |
| KuCoin GPROUSDTM | +0.0158% | 8h | 1.2980 | +0.309% | $62K | $1.3M | 20x | as long as short |
| OKX GPRO-USDT-SWAPlong | +0.0381% | 8h | 1.2940 | long leg | $546K | $625K | 10x |
Aster GPROUSD1
QFEX GPRO-USD
Gate GPRO_USDT
SunX GPRO-USDT
HTX GPRO-USDT
Variational Omni GPRO
Binance GPROUSDT
KuCoin GPROUSDTMShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Entropy io:GPRO | +0.0542% | 1h | 1.2961 | +0.162% | $479K | $30.6M | 5x | as long as short |
| Bitget GPROUSDT | +0.0566% | 8h | 1.2962 | +0.170% | $416K | $2.3M | 20x | as long as short |
Entropy io:GPRO
Bitget GPROUSDT