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: Binance against Bybit+0.204%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$231as in the Funding arb table

Net, price: spread back to 7d avg − costs−$221as in the Price arb table

costs, in and out, $10k−$2372.366% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 7 days−0.189%−$19 · spread now +0.204%, 7d avg +0.045%

Together, before fees−0.138%−$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: Binance is 0.159% dearer against Bybit than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GPSUSDT	0.01125	0.0100	pay 0.0050% / 4h	53m 40s	$1.5M	$1.3M	50x
Short	Binance GPSUSDT	0.01128	0.0100	get 0.0050% / 4h	53m 40s	$9.0M	$8.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.204%Rate

Funding earned: $0
Price spread: +0.204% → +0.045%: $15.94
Slippage, 4 orders: −$215.58
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$220.64
Costs to cover: 2.366%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 1 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 Bybit live order book, 2 min ago	2.23 bp	91.9 bp −$92	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	2.22 bp	30.1 bp −$30	133.1 bp −$1,331	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	0.01124	−0.118%	$10K	$18K	5x	as long as short
Binance GPSUSDTshort	+0.0100%	4h	0.01128	+0.204%	$9.0M	$8.7M	50x
Bybit GPSUSDTlong	+0.0100%	4h	0.01125	long leg	$1.5M	$1.3M	50x
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01127	+0.196%	$934K	$1.2M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01127	+0.160%	$587K	$209K	25x	as long as short
MEXC GPS_USDT	+0.0100%	4h	0.01128	+0.204%	$2.8M	$414K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01128	+0.249%	$553K	$143K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01127	+0.151%	$925K	$590K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01126	+0.036%	—	$1.2M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01121	−0.394%	$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	0.01125	+0.009%	$9K	$141K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01127	+0.178%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.2677%	1h	0.01127	+0.139%	$17K	$8K	10x	as long as short