Funding arb · Price arb /

GPRO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1467%/8h= +160.7% APRpaid last 24h +0.120%

Price spread now: Aster against QFEX−0.069%7-day average −0.013% · 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−$136as in the Price arb table

costs, in and out, $10k−$1311.309% of the position

Long on QFEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.402%+$40 on $10k

Price spread, last 7 days+0.169%+$17 · spread now −0.069%, 7d avg −0.013%

Together, before fees+0.570%+ Points / potential airdropAster: Stage 5 · farm board+$57 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.055% cheaper against QFEX than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of −0.013%). If the spread goes back, that is −$6 on $10k: about 3 hours of funding at the current rate (+$44 a day). At the pace of the last 4 days (+0.402% in total) that is about 12 hours.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.402% in total (about 41.2% 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	1.3000	−0.0018	get 0.0002% / 1h	38m 11s	$1.2M	$33K	10x
Short	Aster GPROUSD1	1.2991	0.1449	get 0.1449% / 8h	4h 38m	$7.7M	$14.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.069%Rate

Funding earned: $308.17
Price spread: −0.069% → −0.013%: −$5.54
Slippage, 4 orders: −$112.85
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $171.77
Costs to cover: 1.309%
Break-even: 3.1 days

Slippage from QFEX: live order book, 8 min ago; Aster: 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, 8 min ago	38.31 bp	43.3 bp −$43	161.1 bp −$1,611	doesn't fit	doesn't fit
Sell Aster live order book, 6 min ago	3.84 bp	20.7 bp −$21	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
Entropy io:GPRO	−0.0287%	1h	1.3021	+0.162%	$457K	$30.6M	5x	as long as short
QFEX GPRO-USDlong	−0.0018%	1h	1.3000	long leg	$1.2M	$33K	10x
Bybit GPROUSDT	0.0000%	8h	1.3071	+0.546%	$360K	$248K	25x	as long as short
Gate GPRO_USDT	0.0000%	8h	1.3039	+0.300%	$55K	$130K	20x	as long as short
SunX GPRO-USDT	0.0000%	8h	1.3030	+0.231%	—	$1.8M	10x	as long as short
HTX GPRO-USDT	0.0000%	8h	1.3020	+0.154%	$8K	$216K	20x	as long as short
Bitget GPROUSDT	+0.0148%	8h	1.3043	+0.331%	$398K	$2.6M	20x	as long as short
Binance GPROUSDT	+0.1244%	8h	1.3027	+0.207%	$897K	$1.8M	20x	as long as short
Variational Omni GPRO	+0.1250%	8h	1.3028	+0.212%	$36K	$31K	—	as long as short
Aster GPROUSD1short	+0.1449%	8h	1.2991	−0.069%	$7.7M	$14.9M	20x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin GPROUSDTM	+0.1699%	8h	1.3010	+0.077%	$64K	$1.5M	20x	as long as short
OKX GPRO-USDT-SWAP	+0.1730%	8h	1.2960	−0.308%	$545K	$690K	10x	as long as short