Funding arb · Price arb /

GPS

all GPS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1257%/8h= +137.6% APRpaid last 24h +0.056%

Price spread now: Kraken Futures against Bybit+0.254%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and Kraken Futures is 0.254% dearer against Bybit than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet).

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 34m	$1.4M	$1.3M	50x
Short	Kraken Futures PF_GPSUSD	0.01110	0.1357	get 0.0170% / 1h	34m 44s	$17K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.254%Rate

Funding earned: $263.88
Price spread: +0.254% → 0.000%: $25.45
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $268.33
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Bybit: live order book, 1 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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	3.16 bp	108.9 bp −$109	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.125%	$10K	$15K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01108	+0.069%	$8.7M	$9.1M	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	0.01108	+0.081%	$934K	$1.5M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01109	+0.163%	$582K	$333K	25x	as long as short
MEXC GPS_USDT	+0.0100%	4h	0.01108	+0.072%	$2.7M	$536K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01112	+0.415%	$552K	$155K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01109	+0.181%	$918K	$723K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01108	+0.063%	—	$1.3M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01107	−0.048%	$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	+0.126%	$9K	$142K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01108	+0.052%	—	—	5x	as long as short
Kraken Futures PF_GPSUSDshort	+0.1357%	1h	0.01110	+0.254%	$17K	$8K	10x