Funding arb · Price arb /

GPRO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1220%/8h= +133.6% APRpaid last 24h +0.092%

Price spread now: Variational Omni against QFEX+0.989%47s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and Variational Omni is 0.989% dearer against QFEX than usual: you sell high and buy low: +$99 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GPRO-USD	1.2900	0	get 0.0000% / 1h	18m 44s	$1.2M	$33K	10x
Short	Variational Omni GPRO	1.3028	0.1220	get 0.1220% / 8h	6h 18m	$36K	$31K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee QFEXbpFee Variational OmnibpOrdersPrice spread, now +0.989%Rate

Funding earned: $256.3
Price spread: +0.989% → 0.000%: $98.91
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $345.2
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: QFEX: live order book, 2 min ago; Variational Omni: no order-book sample. Net counts fees only.

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, 2 min ago	38.61 bp	43.6 bp −$44	142.9 bp −$1,429	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1.3042	+1.101%	$353K	$298K	25x	as long as short
QFEX GPRO-USDlong	0.0000%	1h	1.2900	long leg	$1.2M	$33K	10x
Gate GPRO_USDT	0.0000%	8h	1.3012	+0.868%	$57K	$132K	20x	as long as short
SunX GPRO-USDT	0.0000%	8h	1.3030	+1.008%	—	$2.0M	10x	as long as short
HTX GPRO-USDT	0.0000%	8h	1.3040	+1.085%	$8K	$222K	20x	as long as short
Bitget GPROUSDT	+0.0265%	8h	1.3035	+1.047%	$411K	$2.7M	20x	as long as short
Variational Omni GPROshort	+0.1220%	8h	1.3028	+0.989%	$36K	$31K	—
Binance GPROUSDT	+0.1257%	8h	1.3030	+1.006%	$896K	$1.9M	20x	as long as short
Aster GPROUSD1	+0.1449%	8h	1.3043	+1.111%	$7.7M	$17.7M	20x	as long as short
Entropy io:GPRO	+0.1817%	1h	1.3012	+0.868%	$454K	$30.6M	5x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin GPROUSDTM	+0.2022%	8h	1.3040	+1.085%	$65K	$1.7M	20x	as long as short
OKX GPRO-USDT-SWAP	+0.2241%	8h	1.2960	+0.465%	$534K	$700K	10x	as long as short