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 +0.003%

Price spread now: BingX against Bybit+0.163%7-day average +0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$219as in the Funding arb table

Net, price: spread back to 7d avg − costs−$226as in the Price arb table

costs, in and out, $10k−$2342.337% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.150%+$15 on $10k

Price spread, last 7 days−0.088%−$9 · spread now +0.163%, 7d avg +0.087%

Together, before fees+0.061%+$6 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: BingX is 0.075% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GPSUSDT	0.01107	0.0100	pay 0.0050% / 4h	1h 40m	$1.4M	$1.3M	50x
Short	BingX GPS-USDT	0.01109	0.0100	get 0.0050% / 4h	1h 40m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.163%Rate

Funding earned: $0
Price spread: +0.163% → +0.087%: $7.53
Slippage, 4 orders: −$212.73
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$226.2
Costs to cover: 2.337%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; BingX: 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 Bybit live order book, 1 min ago	4.06 bp	104.6 bp −$105	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	2.71 bp	19.0 bp −$19	103.4 bp −$1,034	541.5 bp −$54.2K	922.4 bp −$461.2K

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	0.01109	+0.130%	$10K	$15K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01109	+0.144%	$8.7M	$9.0M	50x	as long as short
Bybit GPSUSDTlong	+0.0100%	4h	0.01107	long leg	$1.4M	$1.3M	50x
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01109	+0.163%	$937K	$1.5M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01110	+0.235%	$582K	$333K	25x	as long as short
MEXC GPS_USDT	+0.0100%	4h	0.01109	+0.163%	$2.7M	$536K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01112	+0.406%	$553K	$155K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01111	+0.271%	$919K	$720K	50x	as long as short
BingX GPS-USDTshort	+0.0100%	4h	0.01109	+0.163%	—	$1.3M	—
Variational Omni GPS	+0.0100%	4h	0.01108	+0.013%	$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	0.01109	+0.099%	$9K	$142K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01109	+0.125%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.1356%	1h	0.01110	+0.267%	$17K	$8K	10x	as long as short