Funding arb · Price arb /

GPS

all GPS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance−0.077%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$680.680% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.079%+$8 · spread now −0.077%, 7d avg −0.012%

Together, before fees+0.079%+$8 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: MEXC is 0.065% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.012%.

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	3h 11m	$8.9M	$8.2M	50x
Short	MEXC GPS_USDT	0.01120	0.0100	get 0.0050% / 4h	3h 11m	$2.8M	$405K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.077%Rate

Funding earned: $0
Price spread: −0.077% → −0.012%: −$6.49
Slippage, 4 orders: −$53.97
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$74.46
Costs to cover: 0.680%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; MEXC: 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, 13 min ago	0.44 bp	25.2 bp −$25	226.3 bp −$2,263	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.89 bp	9.9 bp −$10	56.9 bp −$569	295.7 bp −$29.6K	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	−0.119%	$10K	$18K	5x	as long as short
Binance GPSUSDTlong	+0.0100%	4h	0.01120	long leg	$8.9M	$8.2M	50x
Bybit GPSUSDT	+0.0100%	4h	0.01118	−0.211%	$1.5M	$1.2M	50x	as long as short
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01121	+0.084%	$928K	$1.0M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01119	−0.086%	$583K	$208K	25x	as long as short
MEXC GPS_USDTshort	+0.0100%	4h	0.01120	−0.077%	$2.8M	$405K	100x
KuCoin GPSUSDTM	+0.0100%	4h	0.01121	+0.057%	$546K	$127K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01122	+0.128%	$934K	$551K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01121	+0.021%	—	$1.2M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01119	−0.081%	$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	−0.032%	$9K	$140K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01119	−0.112%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.2522%	1h	0.01121	+0.073%	$17K	$7K	10x	as long as short