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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against HTX−0.121%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$602as in the Funding arb table

Net, price: spread back to 7d avg − costs−$616as in the Price arb table

costs, in and out, $10k−$6026.021% of the position

Long on HTX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.037%+$4 · spread now −0.121%, 7d avg +0.015%

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: Binance is 0.137% cheaper against HTX than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GPS-USDT	0.01120	0.0100	pay 0.0050% / 4h	2h 32m	$9K	$144K	20x
Short	Binance GPSUSDT	0.01119	0.0100	get 0.0050% / 4h	2h 32m	$8.8M	$9.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against HTX. 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 HTXbpFee BinancebpOrdersPrice spread, now −0.121%Rate

Funding earned: $0
Price spread: −0.121% → +0.015%: −$13.66
Slippage, 4 orders: −$580.11
Fee HTX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$615.77
Costs to cover: 6.021%
Break-even: never at this rate

Slippage from HTX: live order book, 33 min ago; Binance: live order book, 7 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 HTX live order book, 33 min ago	34.87 bp	480.4 bp −$480	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.45 bp	31.8 bp −$32	154.6 bp −$1,546	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	0.01118	−0.163%	$10K	$17K	5x	as long as short
Binance GPSUSDTshort	+0.0100%	4h	0.01119	−0.121%	$8.8M	$9.3M	50x
Bybit GPSUSDT	+0.0100%	4h	0.01118	−0.205%	$1.5M	$1.3M	50x	as long as short
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01120	0.000%	$928K	$1.5M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01119	−0.098%	$586K	$326K	25x	as long as short
MEXC GPS_USDT	+0.0100%	4h	0.01119	−0.107%	$2.7M	$546K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01119	−0.116%	$547K	$159K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01121	+0.054%	$927K	$710K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01119	−0.125%	—	$1.2M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01117	−0.283%	$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-USDTlong	+0.0100%	4h	0.01120	long leg	$9K	$144K	20x
Extended GPS-USD	+0.0104%	1h	0.01119	−0.159%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.3215%	1h	0.01121	+0.083%	$17K	$8K	10x	as long as short