Funding arb · Price arb /

GPRO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1293%/8h= −141.6% APRpaid last 24h +0.129%

Price spread now: Variational Omni against QFEX+0.257%7-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

The price spread pays, funding is against you. Variational Omni is 0.257% dearer against QFEX than usual: you sell high and buy low (spread +0.257% now, against zero (this spread has no 7-day history yet)): +$26 on $10k if it goes back. Holding the pair costs −$39 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GPRO-USD	1.3000	0	get 0.0000% / 1h	38m 20s	$1.2M	$35K	10x
Short	Variational Omni GPRO	1.3033	−0.1293	pay 0.1293% / 8h	38m 20s	$37K	$30K	—

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 +0.257%Rate

Funding earned: −$271.51
Price spread: +0.257% → 0.000%: $25.67
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$255.84
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: QFEX: live order book, 3 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, 3 min ago	38.61 bp	43.6 bp −$44	99.0 bp −$990	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
Variational Omni GPROshort	−0.1293%	8h	1.3033	+0.257%	$37K	$30K	—
Aster GPROUSD1	−0.1289%	8h	1.3040	+0.308%	$7.7M	$19.3M	20x	as long as short
Binance GPROUSDT	−0.1198%	8h	1.3030	+0.231%	$908K	$1.9M	20x	as long as short
Bybit GPROUSDT	0.0000%	8h	1.3029	+0.223%	$355K	$313K	25x	as long as short
OKX GPRO-USDT-SWAP	0.0000%	8h	1.2980	−0.154%	$542K	$697K	10x	as long as short
QFEX GPRO-USDlong	0.0000%	1h	1.3000	long leg	$1.2M	$35K	10x
Gate GPRO_USDT	0.0000%	8h	1.3024	+0.185%	$59K	$134K	20x	as long as short
Bitget GPROUSDT	0.0000%	8h	1.3028	+0.215%	$425K	$3.1M	20x	as long as short
SunX GPRO-USDT	0.0000%	8h	1.3040	+0.308%	—	$2.1M	10x	as long as short
HTX GPRO-USDT	0.0000%	8h	1.3030	+0.231%	$8K	$238K	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin GPROUSDTM	+0.0100%	8h	1.3030	+0.231%	$62K	$1.8M	20x	as long as short
Entropy io:GPRO	+0.2332%	1h	1.3000	0.000%	$466K	$30.6M	5x	as long as short