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: HTX against BingX0.000%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$750as in the Funding arb table

Net, price: spread back to 7d avg − costs−$737as in the Price arb table

costs, in and out, $10k−$7397.394% of the position

Long on BingX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now 0.000%, 7d avg −0.027%

Together, before fees−0.107%−$11 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: HTX is 0.027% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX GPS-USDT	0.01120	0.0100	pay 0.0050% / 4h	3h 10m	—	$1.2M	—
Short	HTX GPS-USDT	0.01120	0.0100	get 0.0050% / 4h	3h 10m	$9K	$140K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.027%: $2.69
Slippage, 4 orders: −$717.42
Fee BingX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$736.72
Costs to cover: 7.394%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; HTX: live order book, 40 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, 4 min ago	2.67 bp	24.6 bp −$25	158.8 bp −$1,588	651.5 bp −$65.2K	987.0 bp −$493.5K
Sell HTX live order book, 40 min ago	19.51 bp	85.2 bp −$85	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	−0.049%	$10K	$18K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01121	+0.062%	$8.9M	$8.2M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01118	−0.161%	$1.5M	$1.2M	50x	as long as short
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01121	+0.098%	$928K	$1.0M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01120	+0.018%	$584K	$208K	25x	as long as short
MEXC GPS_USDT	+0.0100%	4h	0.01121	+0.054%	$2.8M	$405K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01121	+0.071%	$546K	$127K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01122	+0.143%	$934K	$551K	50x	as long as short
BingX GPS-USDTlong	+0.0100%	4h	0.01120	long leg	—	$1.2M	—
Variational Omni GPS	+0.0100%	4h	0.01119	−0.148%	$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-USDTshort	+0.0100%	4h	0.01120	0.000%	$9K	$140K	20x
Extended GPS-USD	+0.0104%	1h	0.01121	+0.052%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.2514%	1h	0.01125	+0.393%	$17K	$7K	10x	as long as short