Funding arb · Price arb /

GPS

all GPS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.2561%/8h= −280.5% APRpaid last 24h −0.195%

Price spread now: Variational Omni against Kraken Futures−1.125%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$77 a day on $10k at the current rate, and Variational Omni is 1.125% cheaper against Kraken Futures than usual: you would sell low and buy high (−$112 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	0.01134	0.2661	pay 0.0333% / 1h	52m 00s	$17K	$8K	10x
Short	Variational Omni GPS	0.01121	0.0100	get 0.0050% / 4h	52m 00s	$3K	$201	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −1.125%Rate

Funding earned: −$537.88
Price spread: −1.125% → 0.000%: −$112.49
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$660.37
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: no order-book sample. 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 Variational Omni no order-book sample	—	—	—	—	—

Kraken Futures and Variational Omni: 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	0.01129	−0.392%	$10K	$18K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01129	−0.434%	$9.0M	$8.7M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01128	−0.504%	$1.5M	$1.3M	50x	as long as short
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01130	−0.284%	$935K	$1.2M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01130	−0.319%	$588K	$210K	25x	as long as short
MEXC GPS_USDT	+0.0100%	4h	0.01129	−0.398%	$2.8M	$414K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01129	−0.398%	$553K	$143K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01130	−0.310%	$928K	$601K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01129	−0.434%	—	$1.2M	—	as long as short
Variational Omni GPSshort	+0.0100%	4h	0.01121	−1.125%	$3K	$201	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX GPS-USDT	+0.0100%	4h	0.01129	−0.363%	$9K	$141K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01128	−0.461%	—	—	5x	as long as short
Kraken Futures PF_GPSUSDlong	+0.2661%	1h	0.01134	long leg	$17K	$8K	10x