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% APRpaid last 24h 0.000%

Price spread now: Bitget against Gate+0.090%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$771as in the Funding arb table

Net, price: spread back to 7d avg − costs−$765as in the Price arb table

costs, in and out, $10k−$7717.713% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.075%−$8 · spread now +0.090%, 7d avg +0.024%

Together, before fees−0.071%−$7 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: Bitget is 0.066% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GPS_USDT	0.01113	0.0100	pay 0.0100% / 8h	1h 02m	$584K	$334K	25x
Short	Bitget GPSUSDT	0.01114	0.0100	get 0.0050% / 4h	1h 02m	$921K	$723K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now +0.090%Rate

Funding earned: $0
Price spread: +0.090% → +0.024%: $6.56
Slippage, 4 orders: −$744.27
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$764.72
Costs to cover: 7.713%
Break-even: never at this rate

Slippage from Gate: live order book, 14 min ago; Bitget: live order book, 13 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 Gate live order book, 14 min ago	5.86 bp	257.5 bp −$258	7461.0 bp −$74.6K	doesn't fit	doesn't fit
Sell Bitget live order book, 13 min ago	4.51 bp	25.4 bp −$25	188.2 bp −$1,882	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	0.01112	−0.097%	$10K	$15K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01113	−0.049%	$8.7M	$9.1M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01111	−0.207%	$1.4M	$1.3M	50x	as long as short
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01114	+0.099%	$935K	$1.5M	20x	as long as short
Gate GPS_USDTlong	+0.0100%	8h	0.01113	long leg	$584K	$334K	25x
MEXC GPS_USDT	+0.0100%	4h	0.01113	−0.054%	$2.7M	$539K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01115	+0.153%	$551K	$156K	30x	as long as short
Bitget GPSUSDTshort	+0.0100%	4h	0.01114	+0.090%	$921K	$723K	50x
BingX GPS-USDT	+0.0100%	4h	0.01113	−0.063%	—	$1.3M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01110	−0.278%	$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	0.01113	−0.045%	$9K	$143K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01113	−0.070%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.1352%	1h	0.01114	+0.056%	$17K	$8K	10x	as long as short