Funding you earn now, next payment 07:00 UTC+0.0730%/8h= +80.0% APRpaid last 24h +0.109%
Price spread now: Binance against QFEX−0.840%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$401as in the Price arb table
costs, in and out, $10k−$3213.207% of the position
Funding, last 4 days (all we have)+0.260%+$26 on $10k
+Price spread, last 7 days+0.497%+$50 · spread now −0.840%, 7d avg −0.035%
=Funding pays, the price is against you. Binance is 0.804% cheaper against QFEX than usual: you would sell low and buy high (spread −0.840% now, against its 7-day average of −0.035%). If the spread goes back, that is −$80 on $10k: about 3.7 days of funding at the current rate (+$22 a day). At the pace of the last 4 days (+0.260% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.260% in total (about 25.8% 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 | QFEX GPRO-USD | 1.3100 | 0 | get 0.0000% / 1h | 31m 47s | $1.2M | $31K | 10x |
| Short | Binance GPROUSDT | 1.2990 | 0.0730 | get 0.0730% / 8h | 1h 31m | $871K | $1.7M | 20x |
QFEX GPRO-USD
Binance GPROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against QFEX. 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
- $153.34
- Price spread: −0.840% → −0.035%
- −$80.44
- Slippage, 4 orders
- −$300.72
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$247.81
- Costs to cover
- 3.207%
- Break-even
- 18.3 days
Slippage from QFEX: live order book, 9 min ago; Binance: 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 QFEX live order book, 9 min ago | 114.94 bp | 119.9 bp −$120 | 284.9 bp −$2,849 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 3.85 bp | 33.1 bp −$33 | 136.7 bp −$1,367 | 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 | 1.3033 | −0.511% | $361K | $225K | 25x | as long as short |
| QFEX GPRO-USDlong | 0.0000% | 1h | 1.3100 | long leg | $1.2M | $31K | 10x | |
| Gate GPRO_USDT | 0.0000% | 8h | 1.3006 | −0.718% | $54K | $130K | 20x | as long as short |
| Bitget GPROUSDT | 0.0000% | 8h | 1.2991 | −0.832% | $424K | $2.7M | 20x | as long as short |
| SunX GPRO-USDT | 0.0000% | 8h | 1.3010 | −0.687% | — | $1.8M | 10x | as long as short |
| HTX GPRO-USDT | 0.0000% | 8h | 1.2990 | −0.840% | $8K | $208K | 20x | as long as short |
| Entropy io:GPRO | +0.0504% | 1h | 1.3005 | −0.725% | $483K | $30.6M | 5x | as long as short |
| OKX GPRO-USDT-SWAP | +0.0718% | 8h | 1.2920 | −1.374% | $545K | $692K | 10x | as long as short |
| Binance GPROUSDTshort | +0.0730% | 8h | 1.2990 | −0.840% | $871K | $1.7M | 20x | |
| Variational Omni GPRO | +0.0776% | 8h | 1.3003 | −0.743% | $37K | $33K | — | as long as short |
Bybit GPROUSDT
Gate GPRO_USDT
Bitget GPROUSDT
SunX GPRO-USDT
HTX GPRO-USDT
Entropy io:GPRO
OKX GPRO-USDT-SWAP
Variational Omni GPROShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GPROUSDTM | +0.0806% | 8h | 1.2980 | −0.916% | $64K | $1.2M | 20x | as long as short |
| Aster GPROUSD1 | +0.0911% | 8h | 1.3000 | −0.761% | $7.7M | $17.6M | 20x | as long as short |
KuCoin GPROUSDTM
Aster GPROUSD1