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: OKX against Binance+0.026%7-day average +0.171% · you sell dearer than you buy

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$191as in the Price arb table

costs, in and out, $10k−$1771.770% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 7 days+0.231%+$23 · spread now +0.026%, 7d avg +0.171%

Together, before fees+0.340%+$34 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: OKX is 0.145% cheaper against Binance than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.171%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GPSUSDT	0.01121	0.0100	pay 0.0050% / 4h	3h 16m	$8.8M	$9.2M	50x
Short	OKX GPS-USDT-SWAP	0.01121	0.0100	get 0.0050% / 4h	3h 16m	$929K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.026%Rate

Funding earned: $0
Price spread: +0.026% → +0.171%: −$14.52
Slippage, 4 orders: −$156.97
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$191.5
Costs to cover: 1.770%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; OKX: live order book, 5 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	26.9 bp −$27	72.4 bp −$724	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	2.68 bp	69.9 bp −$70	doesn't fit	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	0.01120	−0.087%	$10K	$15K	5x	as long as short
Binance GPSUSDTlong	+0.0100%	4h	0.01121	long leg	$8.8M	$9.2M	50x
Bybit GPSUSDT	+0.0100%	4h	0.01120	−0.090%	$1.4M	$1.3M	50x	as long as short
OKX GPS-USDT-SWAPshort	+0.0100%	4h	0.01121	+0.026%	$929K	$1.5M	20x
Gate GPS_USDT	+0.0100%	8h	0.01119	−0.108%	$586K	$328K	25x	as long as short
MEXC GPS_USDT	+0.0100%	4h	0.01121	−0.001%	$2.8M	$548K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01122	+0.124%	$551K	$156K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01120	−0.019%	$927K	$707K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01120	−0.099%	—	$1.3M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01117	−0.330%	$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	−0.054%	$9K	$143K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01120	−0.043%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.3381%	1h	0.01121	+0.044%	$17K	$8K	10x	as long as short