Funding arb · Price arb /

GPS

all GPS markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against KuCoin−0.206%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,162as in the Price arb table

costs, in and out, $10k−$1,14411.440% of the position

Long on KuCoin Short on Bitget

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)+0.138%+$14 · spread now −0.206%, 7d avg −0.023%

Together, before fees+0.138%+$14 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: Bitget is 0.183% cheaper against KuCoin than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GPSUSDTM	0.01118	0.0100	pay 0.0050% / 4h	57m 51s	$552K	$156K	30x
Short	Bitget GPSUSDT	0.01116	0.0100	get 0.0050% / 4h	57m 51s	$922K	$723K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.206%Rate

Funding earned: $0
Price spread: −0.206% → −0.023%: −$18.25
Slippage, 4 orders: −$1,120.02
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$1,162.27
Costs to cover: 11.440%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Bitget: live order book, 18 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, 5 min ago	13.45 bp	500.2 bp −$500	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 18 min ago	4.51 bp	25.4 bp −$25	188.2 bp −$1,882	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	0.01116	−0.219%	$10K	$15K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01115	−0.267%	$8.7M	$9.1M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01114	−0.322%	$1.4M	$1.3M	50x	as long as short
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01116	−0.170%	$937K	$1.5M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01115	−0.250%	$585K	$332K	25x	as long as short
MEXC GPS_USDT	+0.0100%	4h	0.01115	−0.295%	$2.7M	$536K	100x	as long as short
KuCoin GPSUSDTMlong	+0.0100%	4h	0.01118	long leg	$552K	$156K	30x
Bitget GPSUSDTshort	+0.0100%	4h	0.01116	−0.206%	$922K	$723K	50x
BingX GPS-USDT	+0.0100%	4h	0.01115	−0.313%	—	$1.3M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01113	−0.443%	$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	0.01115	−0.268%	$9K	$143K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01115	−0.288%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.0622%	1h	0.01118	+0.009%	$17K	$8K	10x	as long as short