Settings8H · net · $10k
Funding arb · Price arb /

GPS

all GPS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against Binance−0.053%7-day average +0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$962as in the Funding arb table
Net, price: spread back to 7d avg − costs−$973as in the Price arb table
costs, in and out, $10k−$9629.619% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.004%$0 on $10k
Price spread, last 4 days (all we have)−0.238%−$24 · spread now −0.053%, 7d avg +0.056%
Together, before fees−0.242%−$24 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: Gate is 0.109% cheaper against Binance than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.056%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance GPSUSDT0.011250.0100pay 0.0050% / 4h55m 05s$9.0M$8.7M50x
ShortGate GPS_USDT0.011240.0100get 0.0100% / 8h4h 55m$585K$209K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
$0
Price spread: −0.053% → +0.056%
−$10.92
Slippage, 4 orders
−$936.9
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$972.82
Costs to cover
9.619%
Break-even
never at this rate
Slippage from Binance: live order book, 14 min ago; Gate: live order book, 1 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 Binance live order book, 14 min ago0.45 bp28.2 bp −$2889.4 bp −$894doesn't fitdoesn't fit
Sell Gate live order book, 1 min ago7.56 bp434.4 bp −$434doesn't fitdoesn't fitdoesn't fit

GPS on 13 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
Aster GPSUSDT+0.0100%4h0.01124−0.044%$10K$18K5xas long as short
Binance GPSUSDTlong+0.0100%4h0.01125long leg$9.0M$8.7M50x
Bybit GPSUSDT+0.0100%4h0.01123−0.151%$1.5M$1.3M50xas long as short
OKX GPS-USDT-SWAP+0.0100%4h0.01125+0.062%$931K$1.2M20xas long as short
Gate GPS_USDTshort+0.0100%8h0.01124−0.053%$585K$209K25x
MEXC GPS_USDT+0.0100%4h0.01125+0.027%$2.8M$413K100xas long as short
KuCoin GPSUSDTM+0.0100%4h0.01124−0.062%$551K$144K30xas long as short
Bitget GPSUSDT+0.0100%4h0.01125+0.053%$924K$590K50xas long as short
BingX GPS-USDT+0.0100%4h0.01124−0.089%$1.2Mas long as short
Variational Omni GPS+0.0100%4h0.01121−0.350%$3K$201as long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX GPS-USDT+0.0100%4h0.01124−0.053%$9K$141K20xas long as short
Extended GPS-USD+0.0104%1h0.01124−0.058%5xas long as short
Kraken Futures PF_GPSUSD+0.2671%1h0.01129+0.406%$17K$8K10xas long as short