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: Bitget against Bybit+0.205%7-day average +0.139% · you sell dearer than you buy

Net, funding: paid 7d − costs−$238as in the Funding arb table

Net, price: spread back to 7d avg − costs−$237as in the Price arb table

costs, in and out, $10k−$2442.436% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.391%−$39 · spread now +0.205%, 7d avg +0.139%

Together, before fees−0.339%−$34 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: Bitget is 0.065% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.139%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GPSUSDT	0.01123	0.0100	pay 0.0050% / 4h	54m 49s	$1.5M	$1.3M	50x
Short	Bitget GPSUSDT	0.01125	0.0100	get 0.0050% / 4h	54m 49s	$924K	$590K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.205%Rate

Funding earned: $0
Price spread: +0.205% → +0.139%: $6.54
Slippage, 4 orders: −$220.57
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$237.03
Costs to cover: 2.436%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Bitget: 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, 1 min ago	2.23 bp	91.9 bp −$92	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	5.78 bp	37.9 bp −$38	232.4 bp −$2,324	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	+0.121%	$10K	$18K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01125	+0.184%	$9.0M	$8.7M	50x	as long as short
Bybit GPSUSDTlong	+0.0100%	4h	0.01123	long leg	$1.5M	$1.3M	50x
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01125	+0.214%	$931K	$1.2M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01124	+0.089%	$585K	$209K	25x	as long as short
MEXC GPS_USDT	+0.0100%	4h	0.01125	+0.169%	$2.8M	$414K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01124	+0.089%	$551K	$144K	30x	as long as short
Bitget GPSUSDTshort	+0.0100%	4h	0.01125	+0.205%	$924K	$590K	50x
BingX GPS-USDT	+0.0100%	4h	0.01124	+0.089%	—	$1.2M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01121	−0.199%	$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	0.01124	+0.098%	$9K	$141K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01124	+0.128%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.2671%	1h	0.01129	+0.558%	$17K	$8K	10x	as long as short