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: MEXC against Gate+0.186%7-day average −0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$925as in the Funding arb table

Net, price: spread back to 7d avg − costs−$899as in the Price arb table

costs, in and out, $10k−$9259.251% of the position

Long on Gate Short on MEXC

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)−0.235%−$23 · spread now +0.186%, 7d avg −0.074%

Together, before fees−0.231%−$23 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: MEXC is 0.260% dearer against Gate than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GPS_USDT	0.01129	0.0100	pay 0.0100% / 8h	4h 30m	$588K	$212K	25x
Short	MEXC GPS_USDT	0.01131	0.0100	get 0.0050% / 4h	30m 01s	$2.8M	$419K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.186%Rate

Funding earned: $0
Price spread: +0.186% → −0.074%: $26.02
Slippage, 4 orders: −$906.09
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$899.08
Costs to cover: 9.251%
Break-even: never at this rate

Slippage from Gate: live order book, 26 min ago; MEXC: live order book, 2 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, 26 min ago	7.56 bp	470.5 bp −$471	7416.0 bp −$74.2K	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.88 bp	10.2 bp −$10	71.9 bp −$719	297.7 bp −$29.8K	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	0.01129	+0.027%	$10K	$18K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01131	+0.143%	$9.0M	$8.6M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01130	+0.089%	$1.5M	$1.3M	50x	as long as short
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01131	+0.213%	$936K	$1.1M	20x	as long as short
Gate GPS_USDTlong	+0.0100%	8h	0.01129	long leg	$588K	$212K	25x
MEXC GPS_USDTshort	+0.0100%	4h	0.01131	+0.186%	$2.8M	$419K	100x
KuCoin GPSUSDTM	+0.0100%	4h	0.01131	+0.177%	$554K	$137K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01133	+0.328%	$930K	$590K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01130	+0.106%	—	$1.2M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01128	−0.119%	$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	0.01130	+0.097%	$9K	$139K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01131	+0.134%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.2665%	1h	0.01132	+0.253%	$17K	$7K	10x	as long as short