Funding arb · Price arb /

GPS

all GPS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bitget+0.187%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,126as in the Price arb table

costs, in and out, $10k−$1,14211.425% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.130%−$13 · spread now +0.187%, 7d avg +0.023%

Together, before fees−0.130%−$13 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: KuCoin is 0.164% dearer against Bitget than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget GPSUSDT	0.01121	0.0100	pay 0.0050% / 4h	6m 28s	$928K	$706K	50x
Short	KuCoin GPSUSDTM	0.01123	0.0100	get 0.0050% / 4h	6m 28s	$554K	$153K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.187%Rate

Funding earned: $0
Price spread: +0.187% → +0.023%: $16.41
Slippage, 4 orders: −$1,118.47
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,126.06
Costs to cover: 11.425%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 56 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, 4 min ago	6.70 bp	28.3 bp −$28	110.5 bp −$1,105	doesn't fit	doesn't fit
Sell KuCoin live order book, 56 min ago	13.45 bp	591.3 bp −$591	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	−0.039%	$10K	$15K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01121	0.000%	$8.8M	$9.1M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01120	−0.107%	$1.5M	$1.3M	50x	as long as short
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01121	−0.018%	$934K	$1.6M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01120	−0.054%	$587K	$333K	25x	as long as short
MEXC GPS_USDT	+0.0100%	4h	0.01122	+0.080%	$2.8M	$542K	100x	as long as short
KuCoin GPSUSDTMshort	+0.0100%	4h	0.01123	+0.187%	$554K	$153K	30x
Bitget GPSUSDTlong	+0.0100%	4h	0.01121	long leg	$928K	$706K	50x
BingX GPS-USDT	+0.0100%	4h	0.01120	−0.098%	—	$1.3M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01117	−0.376%	$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	0.01121	+0.045%	$9K	$143K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01120	−0.037%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.0618%	1h	0.01125	+0.356%	$17K	$8K	10x	as long as short