Funding arb · Price arb /

GPS

all GPS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against MEXC−0.229%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$208as in the Funding arb table

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

costs, in and out, $10k−$2082.082% of the position

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.605%+$60 · spread now −0.229%, 7d avg +0.001%

Together, before fees+0.605%+$60 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: HTX is 0.231% cheaper against MEXC than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GPS_USDT	0.01134	0.0100	pay 0.0050% / 4h	3h 48m	$2.9M	$382K	100x
Short	HTX GPS-USDT	0.01132	0.0100	get 0.0050% / 4h	3h 48m	$8K	$141K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.229%Rate

Funding earned: $0
Price spread: −0.229% → +0.001%: −$23.05
Slippage, 4 orders: −$192.21
Fee MEXC: 2 bp × 2 orders: −$4
Fee HTX: 6 bp × 2 orders: −$12
Net: −$231.26
Costs to cover: 2.082%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; HTX: live order book, 47 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	1.32 bp	10.5 bp −$10	68.0 bp −$680	311.0 bp −$31.1K	doesn't fit
Sell HTX live order book, 47 min ago	22.79 bp	80.5 bp −$80	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	0.01134	−0.043%	$10K	$15K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01134	−0.043%	$9.0M	$8.1M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01132	−0.150%	$1.5M	$1.2M	50x	as long as short
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01134	−0.009%	$939K	$1.1M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01133	−0.097%	$590K	$197K	25x	as long as short
MEXC GPS_USDTlong	+0.0100%	4h	0.01134	long leg	$2.9M	$382K	100x
KuCoin GPSUSDTM	+0.0100%	4h	0.01135	+0.071%	$547K	$138K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01134	−0.018%	$949K	$561K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01133	−0.071%	—	$1.3M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01131	−0.277%	$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-USDTshort	+0.0100%	4h	0.01132	−0.229%	$8K	$141K	20x
Extended GPS-USD	+0.0104%	1h	0.01133	−0.068%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.2926%	1h	0.01135	+0.059%	$15K	$7K	10x	as long as short