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 Bitget−0.142%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$968as in the Funding arb table

Net, price: spread back to 7d avg − costs−$980as in the Price arb table

costs, in and out, $10k−$9689.679% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.146%+$15 · spread now −0.142%, 7d avg −0.026%

Together, before fees+0.142%+$14 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 0.116% cheaper against Bitget than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget GPSUSDT	0.01129	0.0100	pay 0.0050% / 4h	32m 31s	$926K	$591K	50x
Short	Gate GPS_USDT	0.01127	0.0100	get 0.0100% / 8h	4h 32m	$587K	$212K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.142%Rate

Funding earned: $0
Price spread: −0.142% → −0.026%: −$11.61
Slippage, 4 orders: −$940.91
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$979.53
Costs to cover: 9.679%
Break-even: never at this rate

Slippage from Bitget: live order book, 23 min ago; Gate: live order book, 24 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, 23 min ago	5.78 bp	25.1 bp −$25	348.9 bp −$3,489	doesn't fit	doesn't fit
Sell Gate live order book, 24 min ago	7.56 bp	434.4 bp −$434	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	0.01126	−0.257%	$10K	$18K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01128	−0.071%	$9.0M	$8.6M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01125	−0.310%	$1.4M	$1.3M	50x	as long as short
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01129	+0.018%	$934K	$1.1M	20x	as long as short
Gate GPS_USDTshort	+0.0100%	8h	0.01127	−0.142%	$587K	$212K	25x
MEXC GPS_USDT	+0.0100%	4h	0.01128	−0.035%	$2.8M	$418K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01126	−0.239%	$552K	$138K	30x	as long as short
Bitget GPSUSDTlong	+0.0100%	4h	0.01129	long leg	$926K	$591K	50x
BingX GPS-USDT	+0.0100%	4h	0.01127	−0.142%	—	$1.2M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01123	−0.500%	$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	0.01127	−0.186%	$9K	$139K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01128	−0.052%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.2666%	1h	0.01132	+0.255%	$17K	$7K	10x	as long as short