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% APRpaid last 24h 0.000%

Price spread now: Gate against KuCoin0.000%7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,494as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,489as in the Price arb table

costs, in and out, $10k−$1,49314.934% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now 0.000%, 7d avg −0.048%

Together, before fees−0.075%−$7 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: Gate is 0.048% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GPSUSDTM	0.01120	0.0100	pay 0.0050% / 4h	1h 41m	$546K	$160K	30x
Short	Gate GPS_USDT	0.01120	0.0100	get 0.0100% / 8h	5h 41m	$585K	$239K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.048%: $4.83
Slippage, 4 orders: −$1,466.38
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,488.55
Costs to cover: 14.934%
Break-even: never at this rate

Slippage from KuCoin: live order book, 56 min ago; Gate: live order book, 19 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, 56 min ago	8.92 bp	261.5 bp −$262	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 19 min ago	6.66 bp	516.2 bp −$516	doesn't fit	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	0.01119	−0.054%	$10K	$18K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01119	−0.054%	$8.9M	$9.4M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01117	−0.277%	$1.5M	$1.4M	50x	as long as short
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01120	−0.045%	$929K	$1.5M	20x	as long as short
Gate GPS_USDTshort	+0.0100%	8h	0.01120	0.000%	$585K	$239K	25x
MEXC GPS_USDT	+0.0100%	4h	0.01119	−0.098%	$2.8M	$545K	100x	as long as short
KuCoin GPSUSDTMlong	+0.0100%	4h	0.01120	long leg	$546K	$160K	30x
Bitget GPSUSDT	+0.0100%	4h	0.01120	+0.009%	$922K	$715K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01119	−0.107%	—	$1.2M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01115	−0.450%	$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	0.01119	−0.116%	$8K	$143K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01119	−0.088%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.3267%	1h	0.01119	−0.133%	$17K	$8K	10x	as long as short