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: KuCoin against Bybit+0.334%7-day average +0.162% · you sell dearer than you buy

Net, funding: paid 7d − costs−$964as in the Funding arb table

Net, price: spread back to 7d avg − costs−$951as in the Price arb table

costs, in and out, $10k−$9699.687% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)−0.328%−$33 · spread now +0.334%, 7d avg +0.162%

Together, before fees−0.277%−$28 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: KuCoin is 0.173% dearer against Bybit than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.162%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GPSUSDT	0.01106	0.0100	pay 0.0050% / 4h	1h 33m	$1.4M	$1.3M	50x
Short	KuCoin GPSUSDTM	0.01110	0.0100	get 0.0050% / 4h	1h 33m	$551K	$155K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.334%Rate

Funding earned: $0
Price spread: +0.334% → +0.162%: $17.29
Slippage, 4 orders: −$945.71
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$951.42
Costs to cover: 9.687%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 39 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, 3 min ago	3.16 bp	108.9 bp −$109	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 39 min ago	13.54 bp	470.3 bp −$470	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	0.01108	+0.148%	$10K	$15K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01108	+0.163%	$8.7M	$9.1M	50x	as long as short
Bybit GPSUSDTlong	+0.0100%	4h	0.01106	long leg	$1.4M	$1.3M	50x
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01109	+0.208%	$935K	$1.5M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01108	+0.154%	$581K	$333K	25x	as long as short
MEXC GPS_USDT	+0.0100%	4h	0.01108	+0.172%	$2.7M	$536K	100x	as long as short
KuCoin GPSUSDTMshort	+0.0100%	4h	0.01110	+0.334%	$551K	$155K	30x
Bitget GPSUSDT	+0.0100%	4h	0.01108	+0.199%	$916K	$723K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01108	+0.136%	—	$1.3M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01107	+0.052%	$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	0.01108	+0.172%	$9K	$142K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01108	+0.145%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.1355%	1h	0.01111	+0.434%	$17K	$8K	10x	as long as short