Funding arb · Price arb /

GPS

all GPS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Binance+0.054%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1011.013% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.121%−$12 · spread now +0.054%, 7d avg +0.082%

Together, before fees−0.121%−$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.028% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GPSUSDT	0.01114	0.0100	pay 0.0050% / 4h	1h 01m	$8.7M	$9.1M	50x
Short	Bitget GPSUSDT	0.01114	0.0100	get 0.0050% / 4h	1h 01m	$921K	$723K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.054%Rate

Funding earned: $0
Price spread: +0.054% → +0.082%: −$2.76
Slippage, 4 orders: −$79.34
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$104.11
Costs to cover: 1.013%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; Bitget: live order book, 14 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 Binance live order book, 8 min ago	0.45 bp	27.3 bp −$27	146.9 bp −$1,469	doesn't fit	doesn't fit
Sell Bitget live order book, 14 min ago	4.51 bp	25.4 bp −$25	188.2 bp −$1,882	doesn't fit	doesn't fit

GPS on 13 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
Aster GPSUSDT	+0.0100%	4h	0.01113	−0.082%	$10K	$15K	5x	as long as short
Binance GPSUSDTlong	+0.0100%	4h	0.01114	long leg	$8.7M	$9.1M	50x
Bybit GPSUSDT	+0.0100%	4h	0.01112	−0.135%	$1.4M	$1.3M	50x	as long as short
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01115	+0.090%	$937K	$1.5M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01114	+0.045%	$584K	$334K	25x	as long as short
MEXC GPS_USDT	+0.0100%	4h	0.01114	+0.054%	$2.7M	$539K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01115	+0.117%	$551K	$156K	30x	as long as short
Bitget GPSUSDTshort	+0.0100%	4h	0.01114	+0.054%	$921K	$723K	50x
BingX GPS-USDT	+0.0100%	4h	0.01113	−0.072%	—	$1.3M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01110	−0.314%	$3K	$201	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX GPS-USDT	+0.0100%	4h	0.01112	−0.153%	$9K	$143K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01114	+0.034%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.1351%	1h	0.01115	+0.097%	$17K	$8K	10x	as long as short