Funding arb · Price arb /

GPS

all GPS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against Gate+0.027%7-day average −0.115% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,089as in the Price arb table

costs, in and out, $10k−$1,10311.034% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 4 days (all we have)+0.084%+$8 · spread now +0.027%, 7d avg −0.115%

Together, before fees+0.037%+$4 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: Bybit is 0.142% dearer against Gate than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.115%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GPS_USDT	0.01128	0.0100	pay 0.0100% / 8h	4h 32m	$587K	$212K	25x
Short	Bybit GPSUSDT	0.01128	0.0100	get 0.0050% / 4h	32m 00s	$1.5M	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → −0.115%: $14.17
Slippage, 4 orders: −$1,077.4
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1,089.22
Costs to cover: 11.034%
Break-even: never at this rate

Slippage from Gate: live order book, 24 min ago; Bybit: 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 Gate live order book, 24 min ago	7.56 bp	470.5 bp −$471	7416.0 bp −$74.2K	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	4.00 bp	99.1 bp −$99	452.5 bp −$4,525	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	0.01128	+0.031%	$10K	$18K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01130	+0.222%	$9.0M	$8.6M	50x	as long as short
Bybit GPSUSDTshort	+0.0100%	4h	0.01128	+0.027%	$1.5M	$1.3M	50x
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01130	+0.186%	$935K	$1.1M	20x	as long as short
Gate GPS_USDTlong	+0.0100%	8h	0.01128	long leg	$587K	$212K	25x
MEXC GPS_USDT	+0.0100%	4h	0.01130	+0.168%	$2.8M	$418K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01127	−0.080%	$552K	$138K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01129	+0.071%	$926K	$591K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01128	+0.009%	—	$1.2M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01123	−0.430%	$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	0.01128	+0.027%	$9K	$139K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01130	+0.186%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.2668%	1h	0.01131	+0.247%	$17K	$7K	10x	as long as short