Settings8H · net · $10k
Funding arb · Price arb /

GPRO

RWAall GPRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.2870%/8h= +314.3% APRpaid last 24h +0.398%
Price spread now: Entropy against SunX−0.161%7-day average −0.195% · you buy dearer than you sell
Net, funding: paid 7d − costs−$215as in the Funding arb table
Net, price: spread back to 7d avg − costs−$460as in the Price arb table
costs, in and out, $10k−$4634.632% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+2.479%+$248 on $10k
Price spread, last 4 days (all we have)+0.104%+$10 · spread now −0.161%, 7d avg −0.195%
Together, before fees+2.582%+$258 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$86 a day on $10k at the current rate, and Entropy is 0.034% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.195%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX GPRO-USDT1.30300get 0.0000% / 8h2h 36m$1.8M10x
ShortEntropy io:GPRO1.30090.2870get 0.0359% / 1h36m 07s$470K$30.6M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Entropy against SunX. 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

Funding earned
$602.79
Price spread: −0.161% → −0.195%
$3.39
Slippage, 4 orders
−$437.21
Fee SunX: 4 bp × 2 orders
−$8
Fee Entropy: 9 bp × 2 orders
−$18
Net
$142.97
Costs to cover
4.632%
Break-even
5.3 days
Slippage from SunX: live order book, 10 min ago; Entropy: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 10 min ago49.87 bp144.9 bp −$145doesn't fitdoesn't fitdoesn't fit
Sell Entropy live order book, 1 min ago16.92 bp77.9 bp −$78doesn't fitdoesn't fitdoesn't fit

GPRO on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit GPROUSDT0.0000%8h1.3082+0.399%$362K$225K25xas long as short
QFEX GPRO-USD0.0000%1h1.3100+0.537%$1.2M$31K10xas long as short
Gate GPRO_USDT0.0000%8h1.3022−0.061%$55K$130K20xas long as short
Bitget GPROUSDT0.0000%8h1.3036+0.046%$398K$2.6M20xas long as short
SunX GPRO-USDTlong0.0000%8h1.3030long leg$1.8M10x
HTX GPRO-USDT0.0000%8h1.3020−0.077%$8K$210K20xas long as short
OKX GPRO-USDT-SWAP+0.1006%8h1.2980−0.384%$546K$698K10xas long as short
Binance GPROUSDT+0.1049%8h1.3020−0.078%$890K$1.7M20xas long as short
Variational Omni GPRO+0.1099%8h1.3028−0.015%$38K$32Kas long as short
KuCoin GPROUSDTM+0.1158%8h1.30300.000%$64K$1.3M20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster GPROUSD1+0.1240%8h1.3011−0.145%$7.7M$12.9M20xas long as short
Entropy io:GPROshort+0.2870%1h1.3009−0.161%$470K$30.6M5x