Funding arb · Price arb /

GPS

all GPS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against KuCoin−0.154%7-day average −0.105% · you buy dearer than you sell

Net, funding: paid 7d − costs−$433as in the Funding arb table

Net, price: spread back to 7d avg − costs−$438as in the Price arb table

costs, in and out, $10k−$4334.333% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.184%+$18 · spread now −0.154%, 7d avg −0.105%

Together, before fees+0.184%+$18 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: Binance is 0.049% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.105%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GPSUSDTM	0.01123	0.0100	pay 0.0050% / 4h	48m 06s	$550K	$143K	30x
Short	Binance GPSUSDT	0.01121	0.0100	get 0.0050% / 4h	48m 06s	$8.9M	$8.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now −0.154%Rate

Funding earned: $0
Price spread: −0.154% → −0.105%: −$4.91
Slippage, 4 orders: −$411.35
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$438.25
Costs to cover: 4.333%
Break-even: never at this rate

Slippage from KuCoin: live order book, 35 min ago; Binance: live order book, 6 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 KuCoin live order book, 35 min ago	8.93 bp	154.9 bp −$155	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	2.22 bp	30.1 bp −$30	133.1 bp −$1,331	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	0.01124	+0.080%	$10K	$18K	5x	as long as short
Binance GPSUSDTshort	+0.0100%	4h	0.01121	−0.154%	$8.9M	$8.7M	50x
Bybit GPSUSDT	+0.0100%	4h	0.01120	−0.303%	$1.4M	$1.3M	50x	as long as short
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01122	−0.116%	$928K	$1.2M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01124	+0.053%	$585K	$211K	25x	as long as short
MEXC GPS_USDT	+0.0100%	4h	0.01122	−0.116%	$2.8M	$414K	100x	as long as short
KuCoin GPSUSDTMlong	+0.0100%	4h	0.01123	long leg	$550K	$143K	30x
Bitget GPSUSDT	+0.0100%	4h	0.01123	−0.036%	$921K	$599K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01123	+0.018%	—	$1.2M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01127	+0.348%	$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	0.01124	+0.045%	$9K	$141K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01122	−0.064%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.2687%	1h	0.01123	−0.044%	$17K	$8K	10x	as long as short