Funding arb · Price arb /

GPS

all GPS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance−0.120%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$255as in the Funding arb table

Net, price: spread back to 7d avg − costs−$257as in the Price arb table

costs, in and out, $10k−$2502.496% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 7 days+0.113%+$11 · spread now −0.120%, 7d avg −0.043%

Together, before fees+0.062%+$6 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: Bybit is 0.077% cheaper against Binance than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GPSUSDT	0.01119	0.0100	pay 0.0050% / 4h	3h 20m	$8.8M	$9.2M	50x
Short	Bybit GPSUSDT	0.01117	0.0100	get 0.0050% / 4h	3h 20m	$1.4M	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.120%Rate

Funding earned: $0
Price spread: −0.120% → −0.043%: −$7.66
Slippage, 4 orders: −$228.58
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$257.25
Costs to cover: 2.496%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Bybit: live order book, 1 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, 4 min ago	0.45 bp	26.9 bp −$27	72.4 bp −$724	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.34 bp	103.8 bp −$104	467.3 bp −$4,673	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	0.01119	+0.003%	$10K	$15K	5x	as long as short
Binance GPSUSDTlong	+0.0100%	4h	0.01119	long leg	$8.8M	$9.2M	50x
Bybit GPSUSDTshort	+0.0100%	4h	0.01117	−0.120%	$1.4M	$1.3M	50x
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01119	−0.003%	$927K	$1.5M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01120	+0.077%	$587K	$328K	25x	as long as short
MEXC GPS_USDT	+0.0100%	4h	0.01119	−0.003%	$2.7M	$548K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01121	+0.202%	$551K	$154K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01119	+0.050%	$926K	$707K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01119	−0.021%	—	$1.2M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01117	−0.163%	$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	0.01119	−0.012%	$8K	$142K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01119	−0.002%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.3376%	1h	0.01123	+0.347%	$17K	$8K	10x	as long as short