Funding arb · Price arb /

GPS

all GPS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0561%/8h= −61.4% APRpaid last 24h −0.266%

Price spread now: MEXC against Kraken Futures−0.387%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 MEXC

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 −$17 a day on $10k at the current rate, and MEXC is 0.387% cheaper against Kraken Futures than usual: you would sell low and buy high (−$39 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	0.01148	0.0661	pay 0.0083% / 1h	40m 38s	$16K	$6K	10x
Short	MEXC GPS_USDT	0.01144	0.0100	get 0.0050% / 4h	40m 38s	$2.9M	$388K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.387%Rate

Funding earned: −$117.81
Price spread: −0.387% → 0.000%: −$38.71
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$170.52
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 1 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 MEXC live order book, 1 min ago	1.31 bp	10.3 bp −$10	61.6 bp −$616	297.4 bp −$29.7K	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	0.01144	−0.345%	$10K	$15K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01144	−0.387%	$9.1M	$8.0M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01143	−0.457%	$1.5M	$1.1M	50x	as long as short
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01145	−0.309%	$952K	$1.1M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01145	−0.291%	$596K	$207K	25x	as long as short
MEXC GPS_USDTshort	+0.0100%	4h	0.01144	−0.387%	$2.9M	$388K	100x
KuCoin GPSUSDTM	+0.0100%	4h	0.01147	−0.126%	$553K	$134K	30x	as long as short
Variational Omni GPS	+0.0100%	4h	0.01143	−0.498%	$3K	$201	—	as long as short
HTX GPS-USDT	+0.0100%	4h	0.01143	−0.474%	$8K	$141K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01144	−0.382%	—	—	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GPSUSDT	+0.0106%	4h	0.01146	−0.239%	$963K	$547K	50x	as long as short
BingX GPS-USDT	+0.0110%	4h	0.01145	−0.291%	—	$1.3M	—	as long as short
Kraken Futures PF_GPSUSDlong	+0.0661%	1h	0.01148	long leg	$16K	$6K	10x