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 Bitget−0.278%7-day average −0.136% · you buy dearer than you sell

Net, funding: paid 7d − costs−$319as in the Funding arb table

Net, price: spread back to 7d avg − costs−$328as in the Price arb table

costs, in and out, $10k−$3143.138% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 4 days (all we have)+0.289%+$29 · spread now −0.278%, 7d avg −0.136%

Together, before fees+0.237%+$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: Bybit is 0.142% cheaper against Bitget than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.136%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget GPSUSDT	0.01114	0.0100	pay 0.0050% / 4h	2h 51m	$922K	$711K	50x
Short	Bybit GPSUSDT	0.01111	0.0100	get 0.0050% / 4h	2h 51m	$1.5M	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.278%Rate

Funding earned: $0
Price spread: −0.278% → −0.136%: −$14.22
Slippage, 4 orders: −$290.85
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$328.06
Costs to cover: 3.138%
Break-even: never at this rate

Slippage from Bitget: live order book, 15 min ago; Bybit: 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 Bitget live order book, 15 min ago	6.68 bp	23.0 bp −$23	102.3 bp −$1,023	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	3.15 bp	117.0 bp −$117	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	0.01115	+0.016%	$10K	$17K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01113	−0.117%	$8.7M	$9.3M	50x	as long as short
Bybit GPSUSDTshort	+0.0100%	4h	0.01111	−0.278%	$1.5M	$1.3M	50x
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01115	+0.018%	$925K	$1.5M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01116	+0.162%	$585K	$326K	25x	as long as short
MEXC GPS_USDT	+0.0100%	4h	0.01114	−0.063%	$2.7M	$545K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01116	+0.144%	$546K	$158K	30x	as long as short
Bitget GPSUSDTlong	+0.0100%	4h	0.01114	long leg	$922K	$711K	50x
BingX GPS-USDT	+0.0100%	4h	0.01114	−0.081%	—	$1.2M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01111	−0.303%	$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	0.01114	−0.081%	$9K	$142K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01113	−0.141%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.3229%	1h	0.01116	+0.171%	$17K	$8K	10x	as long as short