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Funding arb · Price arb /

GPRO

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 06:00 UTC−0.3565%/8h= −390.3% APRpaid last 24h −0.345%
Price spread now: Bitget against Entropy+0.153%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$428as in the Funding arb table
Net, price: spread back to 7d avg − costs−$238as in the Price arb table
costs, in and out, $10k−$2462.463% of the position
Long on EntropyShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days−1.818%−$182 on $10k
Price spread, last 7 days−0.174%−$17 · spread now +0.153%, 7d avg +0.071%
Together, before fees−1.992%−$199 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.083% dearer against Entropy than usual: you sell high and buy low (spread +0.153% now, against its 7-day average of +0.071%): +$8 on $10k if it goes back. Holding the pair costs −$107 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−1.818% in total) that is about 8 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.818% in total (about -94.8% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongEntropy io:GPRO1.30320.3565pay 0.0446% / 1h48m 29s$469K$30.6M5x
ShortBitget GPROUSDT1.30520get 0.0000% / 8h2h 48m$419K$2.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Entropy. 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
−$748.59
Price spread: +0.153% → +0.071%
$8.27
Slippage, 4 orders
−$216.34
Fee Entropy: 9 bp × 2 orders
−$18
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$986.67
Costs to cover
2.463%
Break-even
never at this rate
Slippage from Entropy: live order book, 8 min ago; Bitget: live order book, 4 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 Entropy live order book, 8 min ago30.22 bp139.0 bp −$139doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago6.13 bp14.6 bp −$1538.1 bp −$381doesn'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%8h1.3091+0.453%$361K$222K25xas long as short
QFEX GPRO-USD0.0000%1h1.3100+0.522%$1.2M$31K10xas long as short
Gate GPRO_USDT0.0000%8h1.3044+0.092%$55K$130K20xas long as short
Bitget GPROUSDTshort0.0000%8h1.3052+0.153%$419K$2.6M20x
SunX GPRO-USDT0.0000%8h1.3030−0.015%—$1.8M10xas long as short
HTX GPRO-USDT0.0000%8h1.3030−0.015%$8K$211K20xas long as short
OKX GPRO-USDT-SWAP+0.0968%8h1.2980−0.399%$548K$690K10xas long as short
Binance GPROUSDT+0.0999%8h1.3010−0.169%$888K$1.7M20xas long as short
Variational Omni GPRO+0.1024%8h1.3018−0.110%$37K$32K—as long as short
KuCoin GPROUSDTM+0.1128%8h1.3030−0.015%$64K$1.3M20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster GPROUSD1+0.1189%8h1.3025−0.050%$7.7M$12.8M20xas long as short
Entropy io:GPROlong+0.3565%1h1.3032long leg$469K$30.6M5x