Funding arb · Price arb /

GPS

all GPS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0518%/8h= +56.7% APRpaid last 24h +0.068%

Price spread now: Kraken Futures against Binance+0.558%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Kraken Futures is 0.558% dearer against Binance than usual: you sell high and buy low: +$56 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GPSUSDT	0.01120	0.0100	pay 0.0050% / 4h	53m 07s	$8.7M	$9.1M	50x
Short	Kraken Futures PF_GPSUSD	0.01126	0.0618	get 0.0077% / 1h	53m 07s	$17K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.558%Rate

Funding earned: $108.72
Price spread: +0.558% → 0.000%: $55.84
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $144.56
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Binance: live order book, 1 min ago; Kraken Futures: 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 Binance live order book, 1 min ago	0.45 bp	22.4 bp −$22	91.5 bp −$915	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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.

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	−0.067%	$10K	$15K	5x	as long as short
Binance GPSUSDTlong	+0.0100%	4h	0.01120	long leg	$8.7M	$9.1M	50x
Bybit GPSUSDT	+0.0100%	4h	0.01120	−0.018%	$1.5M	$1.3M	50x	as long as short
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01121	+0.089%	$940K	$1.6M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01118	−0.170%	$586K	$332K	25x	as long as short
MEXC GPS_USDT	+0.0100%	4h	0.01119	−0.045%	$2.7M	$538K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01122	+0.188%	$554K	$156K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01120	+0.045%	$926K	$723K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01120	−0.036%	—	$1.3M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01115	−0.438%	$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	0.01120	−0.036%	$9K	$143K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01119	−0.065%	—	—	5x	as long as short
Kraken Futures PF_GPSUSDshort	+0.0618%	1h	0.01126	+0.558%	$17K	$8K	10x