Funding you earn now, next payment 06:00 UTC+0.2911%/8h= +318.7% APRpaid last 24h +0.111%
Price spread now: Entropy against OKX+0.509%7-day average +0.204% · you sell dearer than you buy
Net, funding: paid 7d − costs−$228as in the Funding arb table
Net, price: spread back to 7d avg − costs−$271as in the Price arb table
costs, in and out, $10k−$3023.016% of the position
Funding, last 7 days+0.737%+$74 on $10k
+Price spread, last 4 days (all we have)−0.509%−$51 · spread now +0.509%, 7d avg +0.204%
=Both sides work for this trade now. Funding pays +$87 a day on $10k at the current rate, and Entropy is 0.305% dearer against OKX than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.204%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.737% in total (about 38.4% a year). A funding rate is set anew for every payment. 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 | 1.2970 | 0.0983 | pay 0.0983% / 8h | 2h 50m | $547K | $687K | 10x |
| Short | Entropy io:GPRO | 1.3036 | 0.3893 | get 0.0487% / 1h | 50m 47s | $469K | $30.6M | 5x |
OKX GPRO-USDT-SWAP
Entropy io:GPROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy 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
- $611.26
- Price spread: +0.509% → +0.204%
- $30.49
- Slippage, 4 orders
- −$273.64
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- $340.1
- Costs to cover
- 3.016%
- Break-even
- 3.1 days
Slippage from OKX: live order book, 60 min ago; Entropy: live order book, 6 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, 60 min ago | 7.70 bp | 36.0 bp −$36 | 413.3 bp −$4,133 | doesn't fit | doesn't fit |
| Sell Entropy live order book, 6 min ago | 30.22 bp | 78.8 bp −$79 | 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 | 1.3091 | +0.933% | $360K | $221K | 25x | as long as short |
| QFEX GPRO-USD | 0.0000% | 1h | 1.3100 | +1.002% | $1.2M | $31K | 10x | as long as short |
| Gate GPRO_USDT | 0.0000% | 8h | 1.3040 | +0.540% | $55K | $130K | 20x | as long as short |
| Bitget GPROUSDT | 0.0000% | 8h | 1.3052 | +0.632% | $419K | $2.6M | 20x | as long as short |
| SunX GPRO-USDT | 0.0000% | 8h | 1.3030 | +0.463% | — | $1.8M | 10x | as long as short |
| HTX GPRO-USDT | 0.0000% | 8h | 1.3040 | +0.540% | $8K | $211K | 20x | as long as short |
| OKX GPRO-USDT-SWAPlong | +0.0983% | 8h | 1.2970 | long leg | $547K | $687K | 10x | |
| Binance GPROUSDT | +0.1011% | 8h | 1.3010 | +0.308% | $888K | $1.7M | 20x | as long as short |
| Variational Omni GPRO | +0.1024% | 8h | 1.3018 | +0.368% | $37K | $32K | — | as long as short |
| KuCoin GPROUSDTM | +0.1151% | 8h | 1.3030 | +0.463% | $64K | $1.3M | 20x | 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
KuCoin GPROUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GPROUSD1 | +0.1199% | 8h | 1.3020 | +0.385% | $7.7M | $12.8M | 20x | as long as short |
| Entropy io:GPROshort | +0.3893% | 1h | 1.3036 | +0.509% | $469K | $30.6M | 5x |
Aster GPROUSD1