Funding arb · Price arb /

GPS

all GPS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Gate−0.194%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,585as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,597as in the Price arb table

costs, in and out, $10k−$1,58515.851% of the position

Long on Gate Short on HTX

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)+0.246%+$25 · spread now −0.194%, 7d avg −0.078%

Together, before fees+0.250%+$25 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: HTX is 0.116% cheaper against Gate than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GPS_USDT	0.01132	0.0100	pay 0.0100% / 8h	1h 59m	$590K	$206K	25x
Short	HTX GPS-USDT	0.01130	0.0100	get 0.0050% / 4h	1h 59m	$8K	$140K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.194%Rate

Funding earned: $0
Price spread: −0.194% → −0.078%: −$11.63
Slippage, 4 orders: −$1,558.13
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$1,596.77
Costs to cover: 15.851%
Break-even: never at this rate

Slippage from Gate: live order book, 46 min ago; HTX: live order book, 47 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, 46 min ago	8.41 bp	360.5 bp −$361	6854.3 bp −$68.5K	doesn't fit	doesn't fit
Sell HTX live order book, 47 min ago	28.38 bp	77.6 bp −$78	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	0.01131	−0.091%	$10K	$14K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01131	−0.141%	$9.0M	$8.0M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01129	−0.265%	$1.4M	$1.2M	50x	as long as short
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01131	−0.088%	$936K	$1.0M	20x	as long as short
Gate GPS_USDTlong	+0.0100%	8h	0.01132	long leg	$590K	$206K	25x
MEXC GPS_USDT	+0.0100%	4h	0.01131	−0.124%	$2.9M	$357K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01133	+0.062%	$550K	$127K	30x	as long as short
Variational Omni GPS	+0.0100%	4h	0.01130	−0.191%	$3K	$201	—	as long as short
HTX GPS-USDTshort	+0.0100%	4h	0.01130	−0.194%	$8K	$140K	20x
Extended GPS-USD	+0.0104%	1h	0.01130	−0.172%	—	—	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GPS-USDT	+0.0178%	4h	0.01131	−0.088%	—	$1.2M	—	as long as short
Bitget GPSUSDT	+0.0180%	4h	0.01133	+0.053%	$942K	$522K	50x	as long as short
Kraken Futures PF_GPSUSD	+0.1351%	1h	0.01135	+0.214%	$17K	$5K	10x	as long as short