Funding arb · Price arb /

GPS

all GPS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.2554%/8h= +279.7% APRpaid last 24h +0.195%

Price spread now: Kraken Futures against Bitget+0.174%48s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$77 a day on $10k at the current rate, and Kraken Futures is 0.174% dearer against Bitget than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget GPSUSDT	0.01135	0.0100	pay 0.0050% / 4h	3m 24s	$931K	$562K	50x
Short	Kraken Futures PF_GPSUSD	0.01137	0.2654	get 0.0332% / 1h	3m 24s	$17K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.174%Rate

Funding earned: $536.38
Price spread: +0.174% → 0.000%: $17.4
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $531.78
Costs to cover: 0.220%
Break-even: 0.1 days

Slippage unknown: Bitget: live order book, 52 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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, 52 min ago	5.78 bp	25.1 bp −$25	348.9 bp −$3,489	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.01132	−0.253%	$10K	$18K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01134	−0.053%	$9.1M	$8.4M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01132	−0.212%	$1.5M	$1.2M	50x	as long as short
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01134	−0.053%	$939K	$1.1M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01133	−0.167%	$590K	$213K	25x	as long as short
MEXC GPS_USDT	+0.0100%	4h	0.01133	−0.097%	$2.8M	$421K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01133	−0.141%	$551K	$134K	30x	as long as short
Bitget GPSUSDTlong	+0.0100%	4h	0.01135	long leg	$931K	$562K	50x
BingX GPS-USDT	+0.0100%	4h	0.01132	−0.185%	—	$1.2M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01130	−0.427%	$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	0.01133	−0.141%	$8K	$140K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01132	−0.202%	—	—	5x	as long as short
Kraken Futures PF_GPSUSDshort	+0.2654%	1h	0.01137	+0.174%	$17K	$7K	10x