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: Bybit against MEXC−0.107%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$228as in the Funding arb table

Net, price: spread back to 7d avg − costs−$231as in the Price arb table

costs, in and out, $10k−$2232.233% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 7 days+0.113%+$11 · spread now −0.107%, 7d avg −0.031%

Together, before fees+0.062%+$6 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: Bybit is 0.076% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GPS_USDT	0.01121	0.0100	pay 0.0050% / 4h	2h 30m	$2.8M	$546K	100x
Short	Bybit GPSUSDT	0.01120	0.0100	get 0.0050% / 4h	2h 30m	$1.5M	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.107%Rate

Funding earned: $0
Price spread: −0.107% → −0.031%: −$7.63
Slippage, 4 orders: −$208.3
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$230.92
Costs to cover: 2.233%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Bybit: live order book, 1 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, 2 min ago	1.34 bp	11.9 bp −$12	69.1 bp −$691	296.0 bp −$29.6K	doesn't fit
Sell Bybit live order book, 1 min ago	3.13 bp	112.5 bp −$112	526.4 bp −$5,264	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	0.01120	−0.089%	$10K	$18K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01122	+0.045%	$8.8M	$9.3M	50x	as long as short
Bybit GPSUSDTshort	+0.0100%	4h	0.01120	−0.107%	$1.5M	$1.3M	50x
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01122	+0.054%	$930K	$1.5M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01121	−0.018%	$587K	$326K	25x	as long as short
MEXC GPS_USDTlong	+0.0100%	4h	0.01121	long leg	$2.8M	$546K	100x
KuCoin GPSUSDTM	+0.0100%	4h	0.01121	0.000%	$548K	$159K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01123	+0.134%	$928K	$710K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01121	−0.027%	—	$1.2M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01117	−0.341%	$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	−0.134%	$9K	$144K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01121	+0.019%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.3207%	1h	0.01124	+0.284%	$17K	$8K	10x	as long as short