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: Binance against MEXC+0.034%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$670.668% of the position

Long on MEXC 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 7 days−0.025%−$3 · spread now +0.034%, 7d avg +0.012%

Together, before fees−0.025%−$3 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 0.022% dearer against MEXC than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GPS_USDT	0.01115	0.0100	pay 0.0050% / 4h	57m 55s	$2.7M	$536K	100x
Short	Binance GPSUSDT	0.01115	0.0100	get 0.0050% / 4h	57m 55s	$8.7M	$9.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now +0.034%Rate

Funding earned: $0
Price spread: +0.034% → +0.012%: $2.19
Slippage, 4 orders: −$52.8
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$64.61
Costs to cover: 0.668%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Binance: live order book, 12 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 MEXC live order book, 4 min ago	2.24 bp	9.6 bp −$10	62.3 bp −$623	259.4 bp −$25.9K	481.7 bp −$240.8K
Sell Binance live order book, 12 min ago	0.45 bp	21.5 bp −$22	133.6 bp −$1,336	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	+0.077%	$10K	$15K	5x	as long as short
Binance GPSUSDTshort	+0.0100%	4h	0.01115	+0.034%	$8.7M	$9.1M	50x
Bybit GPSUSDT	+0.0100%	4h	0.01115	−0.009%	$1.4M	$1.3M	50x	as long as short
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01116	+0.126%	$937K	$1.5M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01115	+0.045%	$585K	$332K	25x	as long as short
MEXC GPS_USDTlong	+0.0100%	4h	0.01115	long leg	$2.7M	$536K	100x
KuCoin GPSUSDTM	+0.0100%	4h	0.01118	+0.296%	$552K	$156K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01116	+0.090%	$922K	$723K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01114	−0.027%	—	$1.3M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01113	−0.148%	$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	+0.027%	$9K	$143K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01115	+0.008%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.0622%	1h	0.01118	+0.305%	$17K	$8K	10x	as long as short