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: BingX against Bitget−0.240%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1041.042% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 4 days (all we have)+0.142%+$14 · spread now −0.240%, 7d avg −0.071%

Together, before fees+0.240%+$24 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: BingX is 0.169% cheaper against Bitget than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget GPSUSDT	0.01125	0.0100	pay 0.0050% / 4h	56m 00s	$923K	$590K	50x
Short	BingX GPS-USDT	0.01122	0.0100	get 0.0050% / 4h	56m 00s	—	$1.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now −0.240%Rate

Funding earned: $0
Price spread: −0.240% → −0.071%: −$16.9
Slippage, 4 orders: −$82.21
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$121.11
Costs to cover: 1.042%
Break-even: never at this rate

Slippage from Bitget: live order book, 65 min ago; BingX: live order book, 14 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 Bitget live order book, 65 min ago	5.77 bp	31.8 bp −$32	279.9 bp −$2,799	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	3.13 bp	21.2 bp −$21	104.5 bp −$1,045	575.6 bp −$57.6K	946.9 bp −$473.4K

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	0.01122	−0.240%	$10K	$18K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01123	−0.143%	$9.0M	$8.7M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01122	−0.284%	$1.5M	$1.3M	50x	as long as short
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01124	−0.053%	$929K	$1.2M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01121	−0.320%	$584K	$209K	25x	as long as short
MEXC GPS_USDT	+0.0100%	4h	0.01123	−0.160%	$2.8M	$413K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01123	−0.160%	$552K	$144K	30x	as long as short
Bitget GPSUSDTlong	+0.0100%	4h	0.01125	long leg	$923K	$590K	50x
BingX GPS-USDTshort	+0.0100%	4h	0.01122	−0.240%	—	$1.2M	—
Variational Omni GPS	+0.0100%	4h	0.01121	−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	0.01122	−0.249%	$9K	$142K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01123	−0.166%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.2678%	1h	0.01127	+0.158%	$17K	$8K	10x	as long as short