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: Gate against HTX−0.116%7-day average +0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,415as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,434as in the Price arb table

costs, in and out, $10k−$1,41414.144% of the position

Long on HTX Short on Gate

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)−0.197%−$20 · spread now −0.116%, 7d avg +0.077%

Together, before fees−0.201%−$20 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: Gate is 0.192% cheaper against HTX than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GPS-USDT	0.01122	0.0100	pay 0.0050% / 4h	56m 15s	$9K	$142K	20x
Short	Gate GPS_USDT	0.01121	0.0100	get 0.0100% / 8h	4h 56m	$584K	$209K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.116%Rate

Funding earned: $0
Price spread: −0.116% → +0.077%: −$19.24
Slippage, 4 orders: −$1,387.4
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,433.64
Costs to cover: 14.144%
Break-even: never at this rate

Slippage from HTX: live order book, 65 min ago; Gate: live order book, 65 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, 65 min ago	36.49 bp	329.9 bp −$330	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 65 min ago	6.66 bp	516.2 bp −$516	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	0.01121	−0.060%	$10K	$18K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01123	+0.089%	$9.0M	$8.7M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01121	−0.116%	$1.5M	$1.3M	50x	as long as short
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01124	+0.143%	$930K	$1.2M	20x	as long as short
Gate GPS_USDTshort	+0.0100%	8h	0.01121	−0.116%	$584K	$209K	25x
MEXC GPS_USDT	+0.0100%	4h	0.01123	+0.045%	$2.8M	$413K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01122	0.000%	$552K	$143K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01125	+0.250%	$923K	$590K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01122	+0.018%	—	$1.2M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01117	−0.457%	$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	0.01122	long leg	$9K	$142K	20x
Extended GPS-USD	+0.0104%	1h	0.01123	+0.067%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.2678%	1h	0.01127	+0.408%	$17K	$8K	10x	as long as short