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: OKX against Bybit+0.357%7-day average +0.216% · you sell dearer than you buy

Net, funding: paid 7d − costs−$326as in the Funding arb table

Net, price: spread back to 7d avg − costs−$328as in the Price arb table

costs, in and out, $10k−$3423.418% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.161%+$16 on $10k

Price spread, last 7 days−0.083%−$8 · spread now +0.357%, 7d avg +0.216%

Together, before fees+0.078%+$8 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: OKX is 0.141% dearer against Bybit than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.216%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GPSUSDT	0.01121	0.0100	pay 0.0050% / 4h	2m 37s	$1.5M	$1.3M	50x
Short	OKX GPS-USDT-SWAP	0.01125	0.0100	get 0.0050% / 4h	2m 37s	$937K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.357%Rate

Funding earned: $0
Price spread: +0.357% → +0.216%: $14.12
Slippage, 4 orders: −$320.79
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$327.67
Costs to cover: 3.418%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; OKX: live order book, 4 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	3.13 bp	105.2 bp −$105	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.34 bp	55.6 bp −$56	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	0.01122	+0.076%	$10K	$15K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01124	+0.205%	$8.8M	$9.1M	50x	as long as short
Bybit GPSUSDTlong	+0.0100%	4h	0.01121	long leg	$1.5M	$1.3M	50x
OKX GPS-USDT-SWAPshort	+0.0100%	4h	0.01125	+0.357%	$937K	$1.6M	20x
Gate GPS_USDT	+0.0100%	8h	0.01125	+0.294%	$589K	$333K	25x	as long as short
MEXC GPS_USDT	+0.0100%	4h	0.01124	+0.205%	$2.8M	$545K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01125	+0.330%	$555K	$153K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01125	+0.294%	$931K	$706K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01124	+0.232%	—	$1.3M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01118	−0.250%	$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	0.01123	+0.134%	$9K	$143K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01123	+0.193%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.0617%	1h	0.01127	+0.502%	$17K	$8K	10x	as long as short