Funding arb · Price arb /

GPS

all GPS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.3167%/8h= −346.8% APRpaid last 24h −0.157%

Price spread now: Gate against Kraken Futures+0.142%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Gate is 0.142% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.142% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$95 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_GPSUSD	0.01119	0.3267	pay 0.0408% / 1h	42m 21s	$17K	$8K	10x
Short	Gate GPS_USDT	0.01120	0.0100	get 0.0100% / 8h	5h 42m	$585K	$239K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Kraken Futures. 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 Kraken FuturesbpFee GatebpOrdersPrice spread, now +0.142%Rate

Funding earned: −$665.08
Price spread: +0.142% → 0.000%: $14.23
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$675.85
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 19 min ago. Net counts fees only.

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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Gate live order book, 19 min ago	6.66 bp	516.2 bp −$516	doesn't fit	doesn't fit	doesn't fit

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.081%	$10K	$18K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01119	+0.054%	$8.9M	$9.4M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01117	−0.144%	$1.5M	$1.4M	50x	as long as short
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01119	+0.044%	$928K	$1.4M	20x	as long as short
Gate GPS_USDTshort	+0.0100%	8h	0.01120	+0.142%	$585K	$239K	25x
MEXC GPS_USDT	+0.0100%	4h	0.01119	+0.026%	$2.8M	$545K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01120	+0.133%	$546K	$160K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01120	+0.124%	$922K	$715K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01118	−0.010%	—	$1.2M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01115	−0.318%	$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	0.01119	+0.017%	$8K	$143K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01119	+0.038%	—	—	5x	as long as short
Kraken Futures PF_GPSUSDlong	+0.3267%	1h	0.01119	long leg	$17K	$8K	10x