Settings8H · net · $10k
Funding arb · Price arb /

GPS

all GPS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against KuCoin−0.106%7-day average −0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$713as in the Funding arb table
Net, price: spread back to 7d avg − costs−$723as in the Price arb table
costs, in and out, $10k−$7227.223% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.098%+$10 on $10k
Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.106%, 7d avg −0.095%
Together, before fees+0.115%+$12 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin GPSUSDTM0.011320.0100pay 0.0050% / 4h3h 58m$550K$133K30x
ShortBingX GPS-USDT0.011310.0100get 0.0050% / 4h3h 58m$1.2M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$0
Price spread: −0.106% → −0.095%
−$1.11
Slippage, 4 orders
−$700.35
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$723.46
Costs to cover
7.223%
Break-even
never at this rate
Slippage from KuCoin: live order book, 15 min ago; BingX: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 15 min ago8.82 bp238.6 bp −$239doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 7 min ago2.65 bp13.3 bp −$1376.8 bp −$768612.6 bp −$61.3K1050.6 bp −$525.3K

GPS on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit GPSUSDT+0.0008%4h0.01130−0.159%$1.4M$1.2M50xas long as short
Aster GPSUSDT+0.0100%4h0.01131−0.067%$10K$18K5xas long as short
Binance GPSUSDT+0.0100%4h0.01131−0.067%$9.0M$8.4M50xas long as short
OKX GPS-USDT-SWAP+0.0100%4h0.01132+0.044%$938K$1.1M20xas long as short
Gate GPS_USDT+0.0100%8h0.01132−0.035%$590K$204K25xas long as short
MEXC GPS_USDT+0.0100%4h0.01131−0.097%$2.8M$401K100xas long as short
KuCoin GPSUSDTMlong+0.0100%4h0.01132long leg$550K$133K30x
Bitget GPSUSDT+0.0100%4h0.01133+0.106%$936K$565K50xas long as short
BingX GPS-USDTshort+0.0100%4h0.01131−0.106%$1.2M
Variational Omni GPS+0.0100%4h0.01133+0.093%$3K$201as long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX GPS-USDT+0.0100%4h0.01131−0.053%$8K$140K20xas long as short
Extended GPS-USD+0.0104%1h0.01131−0.107%5xas long as short
Kraken Futures PF_GPSUSD+0.2495%1h0.01133+0.084%$17K$7K10xas long as short