Funding arb · Price arb /

GPS

all GPS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.1259%/8h= −137.8% APRpaid last 24h −0.234%

Price spread now: KuCoin against Kraken Futures−0.042%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on KuCoin

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

Both sides work against this trade now: funding costs −$38 a day on $10k at the current rate, and KuCoin is 0.042% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_GPSUSD	0.01128	0.1359	pay 0.0170% / 1h	51m 31s	$17K	$7K	10x
Short	KuCoin GPSUSDTM	0.01128	0.0100	get 0.0050% / 4h	2h 51m	$547K	$127K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$264.33
Price spread: −0.042% → 0.000%: −$4.23
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$290.56
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 7 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 KuCoin live order book, 7 min ago	8.89 bp	217.7 bp −$218	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	0.01127	−0.172%	$10K	$14K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01127	−0.166%	$9.0M	$8.2M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01125	−0.264%	$1.5M	$1.2M	50x	as long as short
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01128	−0.033%	$933K	$1.0M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01127	−0.149%	$587K	$198K	25x	as long as short
MEXC GPS_USDT	+0.0100%	4h	0.01127	−0.113%	$2.8M	$403K	100x	as long as short
KuCoin GPSUSDTMshort	+0.0100%	4h	0.01128	−0.042%	$547K	$127K	30x
Bitget GPSUSDT	+0.0100%	4h	0.01128	−0.042%	$938K	$549K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01127	−0.104%	—	$1.2M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01122	−0.614%	$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	0.01125	−0.273%	$9K	$140K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01127	−0.130%	—	—	5x	as long as short
Kraken Futures PF_GPSUSDlong	+0.1359%	1h	0.01128	long leg	$17K	$7K	10x