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: OKX against HTX−0.009%7-day average +0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$824as in the Funding arb table

Net, price: spread back to 7d avg − costs−$842as in the Price arb table

costs, in and out, $10k−$8358.348% of the position

Long on HTX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 3 days (all we have)+0.109%+$11 · spread now −0.009%, 7d avg +0.065%

Together, before fees+0.218%+$22 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 0.073% cheaper against HTX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GPS-USDT	0.01121	0.0100	pay 0.0050% / 4h	7m 09s	$9K	$143K	20x
Short	OKX GPS-USDT-SWAP	0.01121	0.0100	get 0.0050% / 4h	7m 09s	$934K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → +0.065%: −$7.34
Slippage, 4 orders: −$812.85
Fee HTX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$842.19
Costs to cover: 8.348%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; OKX: live order book, 5 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, 4 min ago	38.07 bp	649.1 bp −$649	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.89 bp	53.0 bp −$53	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	0.01120	−0.142%	$10K	$15K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01121	−0.033%	$8.8M	$9.1M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01119	−0.214%	$1.5M	$1.3M	50x	as long as short
OKX GPS-USDT-SWAPshort	+0.0100%	4h	0.01121	−0.009%	$934K	$1.6M	20x
Gate GPS_USDT	+0.0100%	8h	0.01120	−0.098%	$587K	$333K	25x	as long as short
MEXC GPS_USDT	+0.0100%	4h	0.01121	−0.009%	$2.7M	$542K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01123	+0.143%	$554K	$153K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01120	−0.134%	$927K	$706K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01119	−0.178%	—	$1.3M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01117	−0.420%	$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	0.01121	long leg	$9K	$143K	20x
Extended GPS-USD	+0.0104%	1h	0.01121	−0.073%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.0618%	1h	0.01125	+0.311%	$17K	$8K	10x	as long as short