Funding arb · Price arb /

GPS

all GPS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bybit+0.080%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$1831.833% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.061%−$6 · spread now +0.080%, 7d avg +0.037%

Together, before fees−0.010%−$1 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: MEXC is 0.043% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GPSUSDT	0.01127	0.0100	pay 0.0050% / 4h	1h 57m	$1.5M	$1.1M	50x
Short	MEXC GPS_USDT	0.01128	0.0100	get 0.0050% / 4h	1h 57m	$2.9M	$384K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.080%Rate

Funding earned: $0
Price spread: +0.080% → +0.037%: $4.27
Slippage, 4 orders: −$168.27
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$179
Costs to cover: 1.833%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; MEXC: live order book, 2 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	2.22 bp	79.2 bp −$79	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.44 bp	11.5 bp −$11	64.8 bp −$648	293.9 bp −$29.4K	doesn't fit

GPS on 13 exchanges

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
Kraken Futures PF_GPSUSD	−0.0002%	1h	0.01128	+0.140%	$15K	$7K	10x	as long as short
Aster GPSUSDT	+0.0100%	4h	0.01128	+0.143%	$9K	$16K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01128	+0.095%	$8.9M	$7.7M	50x	as long as short
Bybit GPSUSDTlong	+0.0100%	4h	0.01127	long leg	$1.5M	$1.1M	50x
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01129	+0.213%	$938K	$1.0M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01129	+0.204%	$588K	$165K	25x	as long as short
MEXC GPS_USDTshort	+0.0100%	4h	0.01128	+0.080%	$2.9M	$384K	100x
KuCoin GPSUSDTM	+0.0100%	4h	0.01131	+0.382%	$548K	$128K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01129	+0.204%	$939K	$524K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01129	+0.178%	—	$1.3M	—	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GPS	+0.0100%	4h	0.01127	+0.061%	$3K	$1	—	as long as short
HTX GPS-USDT	+0.0100%	4h	0.01129	+0.213%	$9K	$141K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01127	+0.062%	—	—	5x	as long as short