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 BingX−0.054%7-day average −0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs−$263as in the Funding arb table

Net, price: spread back to 7d avg − costs−$245as in the Price arb table

costs, in and out, $10k−$2482.482% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.150%−$15 on $10k

Price spread, last 7 days−0.015%−$1 · spread now −0.054%, 7d avg −0.085%

Together, before fees−0.164%−$16 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 0.032% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX GPS-USDT	0.01119	0.0100	pay 0.0050% / 4h	2h 33m	—	$1.2M	—
Short	Bybit GPSUSDT	0.01118	0.0100	get 0.0050% / 4h	2h 33m	$1.5M	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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 BingXbpFee BybitbpOrdersPrice spread, now −0.054%Rate

Funding earned: $0
Price spread: −0.054% → −0.085%: $3.15
Slippage, 4 orders: −$227.22
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$245.07
Costs to cover: 2.482%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; Bybit: live order book, 3 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 BingX live order book, 2 min ago	3.58 bp	27.6 bp −$28	90.0 bp −$900	324.3 bp −$32.4K	780.9 bp −$390.5K
Sell Bybit live order book, 3 min ago	4.03 bp	103.6 bp −$104	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	0.01119	+0.025%	$10K	$17K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01119	+0.036%	$8.8M	$9.3M	50x	as long as short
Bybit GPSUSDTshort	+0.0100%	4h	0.01118	−0.054%	$1.5M	$1.3M	50x
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01120	+0.098%	$928K	$1.5M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01119	+0.018%	$586K	$326K	25x	as long as short
MEXC GPS_USDT	+0.0100%	4h	0.01120	+0.080%	$2.7M	$546K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01119	+0.018%	$547K	$159K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01121	+0.188%	$927K	$710K	50x	as long as short
BingX GPS-USDTlong	+0.0100%	4h	0.01119	long leg	—	$1.2M	—
Variational Omni GPS	+0.0100%	4h	0.01117	−0.150%	$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	+0.089%	$9K	$144K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01119	−0.001%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.3207%	1h	0.01124	+0.473%	$17K	$8K	10x	as long as short