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% APRpaid last 24h 0.000%

Price spread now: Gate against BingX−0.080%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,070as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,073as in the Price arb table

costs, in and out, $10k−$1,06010.602% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 4 days (all we have)+0.125%+$12 · spread now −0.080%, 7d avg +0.046%

Together, before fees+0.023%+$2 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 0.126% cheaper against BingX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX GPS-USDT	0.01121	0.0100	pay 0.0050% / 4h	56m 30s	—	$1.2M	—
Short	Gate GPS_USDT	0.01120	0.0100	get 0.0100% / 8h	4h 56m	$583K	$209K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.080%Rate

Funding earned: $0
Price spread: −0.080% → +0.046%: −$12.59
Slippage, 4 orders: −$1,035.23
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,072.83
Costs to cover: 10.602%
Break-even: never at this rate

Slippage from BingX: live order book, 14 min ago; Gate: live order book, 65 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, 14 min ago	3.13 bp	23.2 bp −$23	80.9 bp −$809	362.5 bp −$36.2K	doesn't fit
Sell Gate live order book, 65 min ago	6.66 bp	516.2 bp −$516	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	−0.099%	$10K	$18K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01123	+0.172%	$9.0M	$8.7M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01121	−0.018%	$1.5M	$1.3M	50x	as long as short
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01124	+0.232%	$929K	$1.2M	20x	as long as short
Gate GPS_USDTshort	+0.0100%	8h	0.01120	−0.080%	$583K	$209K	25x
MEXC GPS_USDT	+0.0100%	4h	0.01120	−0.062%	$2.8M	$413K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01120	−0.080%	$551K	$143K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01124	+0.321%	$923K	$590K	50x	as long as short
BingX GPS-USDTlong	+0.0100%	4h	0.01121	long leg	—	$1.2M	—
Variational Omni GPS	+0.0100%	4h	0.01117	−0.359%	$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	0.01117	−0.375%	$8K	$142K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01121	+0.034%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.2696%	1h	0.01119	−0.171%	$17K	$8K	10x	as long as short