Funding arb · Price arb /

GPS

all GPS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Bybit+0.141%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$903as in the Funding arb table

Net, price: spread back to 7d avg − costs−$899as in the Price arb table

costs, in and out, $10k−$9089.085% of the position

Long on Bybit Short on HTX

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)−0.007%−$1 · spread now +0.141%, 7d avg +0.050%

Together, before fees+0.044%+$4 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: HTX is 0.091% dearer against Bybit than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GPSUSDT	0.01131	0.0100	pay 0.0050% / 4h	3h 57m	$1.5M	$1.2M	50x
Short	HTX GPS-USDT	0.01132	0.0100	get 0.0050% / 4h	3h 57m	$8K	$140K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.141%Rate

Funding earned: $0
Price spread: +0.141% → +0.050%: $9.11
Slippage, 4 orders: −$885.47
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$899.36
Costs to cover: 9.085%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; HTX: live order book, 59 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, 4 min ago	2.20 bp	54.7 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 59 min ago	34.31 bp	181.7 bp −$182	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	0.01131	+0.037%	$10K	$18K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01133	+0.156%	$9.0M	$8.4M	50x	as long as short
Bybit GPSUSDTlong	+0.0100%	4h	0.01131	long leg	$1.5M	$1.2M	50x
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01133	+0.186%	$939K	$1.1M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01132	+0.071%	$590K	$204K	25x	as long as short
MEXC GPS_USDT	+0.0100%	4h	0.01133	+0.159%	$2.8M	$401K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01133	+0.195%	$551K	$133K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01134	+0.265%	$936K	$565K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01131	+0.044%	—	$1.2M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01133	+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-USDTshort	+0.0100%	4h	0.01132	+0.141%	$8K	$140K	20x
Extended GPS-USD	+0.0104%	1h	0.01132	+0.128%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.2489%	1h	0.01136	+0.457%	$17K	$7K	10x	as long as short