Funding you earn now, next payment 06:00 UTC+0.4039%/8h= +442.3% APRnext payment +$5.05 per $10,000 · paid last 24h +0.398%
Price spread now: Entropy against QFEX−0.611%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−$515as in the Price arb table
costs, in and out, $10k−$4584.577% of the position
Funding, last 4 days (all we have)+1.331%+$133 on $10k
+Price spread, last 7 days+0.464%+$46 · spread now −0.611%, 7d avg −0.035%
=Funding pays, the price is against you. Entropy is 0.576% cheaper against QFEX than usual: you would sell low and buy high (spread −0.611% now, against its 7-day average of −0.035%). If the spread goes back, that is −$58 on $10k: about 11 hours of funding at the current rate (+$121 a day). At the pace of the last 4 days (+1.331% in total) that is about 38 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 1.331% in total (about 133.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.05 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 | QFEX GPRO-USD | 1.3100 | 0 | get 0.0000% / 1h | 51m 20s | $1.2M | $31K | 10x |
| Short | Entropy io:GPRO | 1.3020 | 0.4039 | get 0.0505% / 1h | 51m 20s | $468K | $30.6M | 5x |
QFEX GPRO-USD
Entropy io:GPROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy 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
- $848.23
- Price spread: −0.611% → −0.035%
- −$57.61
- Slippage, 4 orders
- −$429.69
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- $332.92
- Costs to cover
- 4.577%
- Break-even
- 4.3 days
Slippage from QFEX: live order book, 5 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 QFEX live order book, 5 min ago | 114.94 bp | 119.9 bp −$120 | 271.9 bp −$2,719 | 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 | 1.3084 | −0.122% | $360K | $221K | 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 | 1.3023 | −0.588% | $55K | $130K | 20x | as long as short |
| Bitget GPROUSDT | 0.0000% | 8h | 1.3051 | −0.374% | $419K | $2.6M | 20x | as long as short |
| SunX GPRO-USDT | 0.0000% | 8h | 1.3030 | −0.534% | — | $1.8M | 10x | as long as short |
| HTX GPRO-USDT | 0.0000% | 8h | 1.3040 | −0.458% | $8K | $211K | 20x | as long as short |
| OKX GPRO-USDT-SWAP | +0.0983% | 8h | 1.2970 | −0.992% | $547K | $687K | 10x | as long as short |
| Binance GPROUSDT | +0.1013% | 8h | 1.3010 | −0.687% | $888K | $1.7M | 20x | as long as short |
| Variational Omni GPRO | +0.1047% | 8h | 1.3013 | −0.666% | $37K | $32K | — | as long as short |
| KuCoin GPROUSDTM | +0.1151% | 8h | 1.3030 | −0.534% | $64K | $1.3M | 20x | as long as short |
Bybit GPROUSDT
Gate GPRO_USDT
Bitget GPROUSDT
SunX GPRO-USDT
HTX GPRO-USDT
OKX GPRO-USDT-SWAP
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 | 1.3017 | −0.637% | $7.7M | $12.8M | 20x | as long as short |
| Entropy io:GPROshort | +0.4039% | 1h | 1.3020 | −0.611% | $468K | $30.6M | 5x |
Aster GPROUSD1