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: Variational Omni against Bybit−0.229%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.229% cheaper against Bybit than usual: you would sell low and buy high, −$23 on $10k if it 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	0.01116	0.0100	pay 0.0050% / 4h	59m 19s	$1.5M	$1.3M	50x
Short	Variational Omni GPS	0.01113	0.0100	get 0.0050% / 4h	59m 19s	$3K	$201	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.229%Rate

Funding earned: $0
Price spread: −0.229% → 0.000%: −$22.86
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$33.86
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; Variational Omni: 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, 2 min ago	3.14 bp	107.8 bp −$108	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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	0.01116	−0.003%	$10K	$15K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01115	−0.054%	$8.7M	$9.1M	50x	as long as short
Bybit GPSUSDTlong	+0.0100%	4h	0.01116	long leg	$1.5M	$1.3M	50x
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01117	+0.090%	$936K	$1.5M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01115	−0.036%	$585K	$332K	25x	as long as short
MEXC GPS_USDT	+0.0100%	4h	0.01115	−0.054%	$2.7M	$536K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01117	+0.125%	$552K	$156K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01116	+0.009%	$922K	$723K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01114	−0.170%	—	$1.3M	—	as long as short
Variational Omni GPSshort	+0.0100%	4h	0.01113	−0.229%	$3K	$201	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX GPS-USDT	+0.0100%	4h	0.01115	−0.027%	$9K	$143K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01115	−0.070%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.0621%	1h	0.01121	+0.474%	$17K	$8K	10x	as long as short