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: BingX against MEXC−0.009%7-day average +0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$770.774% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 7 days+0.086%+$9 · spread now −0.009%, 7d avg +0.055%

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: BingX is 0.064% cheaper against MEXC than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GPS_USDT	0.01120	0.0100	pay 0.0050% / 4h	3h 17m	$2.7M	$548K	100x
Short	BingX GPS-USDT	0.01120	0.0100	get 0.0050% / 4h	3h 17m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → +0.055%: −$6.39
Slippage, 4 orders: −$63.42
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$83.81
Costs to cover: 0.774%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; BingX: live order book, 11 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, 5 min ago	1.79 bp	16.8 bp −$17	71.2 bp −$712	319.9 bp −$32.0K	doesn't fit
Sell BingX live order book, 11 min ago	3.12 bp	25.2 bp −$25	102.6 bp −$1,026	641.0 bp −$64.1K	1029.6 bp −$514.8K

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	0.01120	−0.004%	$10K	$15K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01120	+0.031%	$8.8M	$9.2M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01119	−0.054%	$1.4M	$1.3M	50x	as long as short
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01121	+0.116%	$929K	$1.5M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01119	−0.018%	$586K	$328K	25x	as long as short
MEXC GPS_USDTlong	+0.0100%	4h	0.01120	long leg	$2.7M	$548K	100x
KuCoin GPSUSDTM	+0.0100%	4h	0.01121	+0.125%	$551K	$156K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01120	+0.071%	$927K	$707K	50x	as long as short
BingX GPS-USDTshort	+0.0100%	4h	0.01120	−0.009%	—	$1.3M	—
Variational Omni GPS	+0.0100%	4h	0.01117	−0.240%	$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	0.01120	+0.036%	$9K	$143K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01119	−0.009%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.3381%	1h	0.01121	+0.134%	$17K	$8K	10x	as long as short