Funding arb · Price arb /

GPS

all GPS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against HTX−0.108%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$786as in the Funding arb table

Net, price: spread back to 7d avg − costs−$810as in the Price arb table

costs, in and out, $10k−$7967.960% of the position

Long on HTX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 3 days (all we have)+0.113%+$11 · spread now −0.108%, 7d avg +0.030%

Together, before fees+0.211%+$21 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: BingX is 0.138% 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 +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GPS-USDT	0.01115	0.0100	pay 0.0050% / 4h	59m 52s	$9K	$143K	20x
Short	BingX GPS-USDT	0.01113	0.0100	get 0.0050% / 4h	59m 52s	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.108%Rate

Funding earned: $0
Price spread: −0.108% → +0.030%: −$13.75
Slippage, 4 orders: −$774.02
Fee HTX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$809.77
Costs to cover: 7.960%
Break-even: never at this rate

Slippage from HTX: live order book, 16 min ago; BingX: live order book, 10 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, 16 min ago	18.05 bp	657.8 bp −$658	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	4.05 bp	25.3 bp −$25	114.5 bp −$1,145	559.6 bp −$56.0K	930.1 bp −$465.1K

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	0.01113	−0.149%	$10K	$15K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01115	+0.063%	$8.7M	$9.1M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01113	−0.170%	$1.4M	$1.3M	50x	as long as short
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01116	+0.117%	$937K	$1.5M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01115	−0.009%	$585K	$334K	25x	as long as short
MEXC GPS_USDT	+0.0100%	4h	0.01115	+0.036%	$2.7M	$540K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01116	+0.126%	$551K	$156K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01114	−0.027%	$921K	$723K	50x	as long as short
BingX GPS-USDTshort	+0.0100%	4h	0.01113	−0.108%	—	$1.3M	—
Variational Omni GPS	+0.0100%	4h	0.01113	−0.139%	$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	0.01115	long leg	$9K	$143K	20x
Extended GPS-USD	+0.0104%	1h	0.01114	−0.010%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.1348%	1h	0.01117	+0.229%	$17K	$8K	10x	as long as short