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: OKX against Gate+0.125%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,162as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,161as in the Price arb table

costs, in and out, $10k−$1,17311.732% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 4 days (all we have)+0.395%+$40 · spread now +0.125%, 7d avg +0.005%

Together, before fees+0.509%+$51 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: OKX is 0.121% dearer against Gate than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GPS_USDT	0.01118	0.0100	pay 0.0100% / 8h	5h 17m	$583K	$242K	25x
Short	OKX GPS-USDT-SWAP	0.01119	0.0100	get 0.0050% / 4h	1h 17m	$928K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.125%Rate

Funding earned: $0
Price spread: +0.125% → +0.005%: $12.07
Slippage, 4 orders: −$1,148.16
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$1,161.09
Costs to cover: 11.732%
Break-even: never at this rate

Slippage from Gate: live order book, 44 min ago; OKX: 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, 44 min ago	6.66 bp	499.6 bp −$500	7548.2 bp −$75.5K	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	2.68 bp	73.0 bp −$73	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	0.01119	+0.108%	$10K	$18K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01118	+0.036%	$8.9M	$9.1M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01117	−0.107%	$1.5M	$1.4M	50x	as long as short
OKX GPS-USDT-SWAPshort	+0.0100%	4h	0.01119	+0.125%	$928K	$1.3M	20x
Gate GPS_USDTlong	+0.0100%	8h	0.01118	long leg	$583K	$242K	25x
MEXC GPS_USDT	+0.0100%	4h	0.01119	+0.054%	$2.8M	$555K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01119	+0.098%	$550K	$155K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01119	+0.134%	$920K	$668K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01118	+0.045%	—	$1.2M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01116	−0.144%	$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	0.01118	−0.009%	$9K	$143K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01118	+0.053%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.3257%	1h	0.01122	+0.354%	$17K	$8K	10x	as long as short