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 MEXC−0.035%7-day average +0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$931as in the Funding arb table

Net, price: spread back to 7d avg − costs−$942as in the Price arb table

costs, in and out, $10k−$9319.307% of the position

Long on MEXC 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)+0.009%+$1 · spread now −0.035%, 7d avg +0.075%

Together, before fees+0.005%$0 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 0.110% cheaper against MEXC than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GPS_USDT	0.01128	0.0100	pay 0.0050% / 4h	53m 09s	$2.8M	$414K	100x
Short	Gate GPS_USDT	0.01127	0.0100	get 0.0100% / 8h	4h 53m	$587K	$210K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → +0.075%: −$11.02
Slippage, 4 orders: −$911.67
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$941.69
Costs to cover: 9.307%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Gate: live order book, 3 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, 3 min ago	2.67 bp	14.6 bp −$15	71.2 bp −$712	292.0 bp −$29.2K	562.7 bp −$281.3K
Sell Gate live order book, 3 min ago	7.56 bp	434.4 bp −$434	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	0.01127	−0.025%	$10K	$18K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01128	+0.062%	$9.0M	$8.7M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01126	−0.133%	$1.5M	$1.3M	50x	as long as short
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01129	+0.106%	$934K	$1.2M	20x	as long as short
Gate GPS_USDTshort	+0.0100%	8h	0.01127	−0.035%	$587K	$210K	25x
MEXC GPS_USDTlong	+0.0100%	4h	0.01128	long leg	$2.8M	$414K	100x
KuCoin GPSUSDTM	+0.0100%	4h	0.01128	+0.035%	$553K	$143K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01128	+0.027%	$926K	$590K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01128	+0.018%	—	$1.2M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01121	−0.606%	$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	0.01127	−0.080%	$9K	$141K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01127	−0.036%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.2671%	1h	0.01129	+0.145%	$17K	$8K	10x	as long as short