Funding arb · Price arb /

GPS

all GPS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0561%/8h= +61.4% APRpaid last 24h +0.266%

Price spread now: Kraken Futures against MEXC+0.389%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Kraken Futures is 0.389% dearer against MEXC than usual: you sell high and buy low: +$39 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GPS_USDT	0.01144	0.0100	pay 0.0050% / 4h	40m 37s	$2.9M	$388K	100x
Short	Kraken Futures PF_GPSUSD	0.01148	0.0661	get 0.0083% / 1h	40m 37s	$16K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.389%Rate

Funding earned: $117.81
Price spread: +0.389% → 0.000%: $38.86
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $142.67
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: MEXC: live order book, 1 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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, 1 min ago	1.31 bp	15.5 bp −$16	72.3 bp −$723	292.1 bp −$29.2K	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.01144	+0.043%	$10K	$15K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01144	0.000%	$9.1M	$8.0M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01143	−0.070%	$1.5M	$1.1M	50x	as long as short
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01145	+0.079%	$952K	$1.1M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01145	+0.096%	$596K	$207K	25x	as long as short
MEXC GPS_USDTlong	+0.0100%	4h	0.01144	long leg	$2.9M	$388K	100x
KuCoin GPSUSDTM	+0.0100%	4h	0.01147	+0.262%	$553K	$134K	30x	as long as short
Variational Omni GPS	+0.0100%	4h	0.01143	−0.111%	$3K	$201	—	as long as short
HTX GPS-USDT	+0.0100%	4h	0.01143	−0.087%	$8K	$141K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01144	+0.005%	—	—	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GPSUSDT	+0.0106%	4h	0.01146	+0.149%	$963K	$547K	50x	as long as short
BingX GPS-USDT	+0.0110%	4h	0.01145	+0.096%	—	$1.3M	—	as long as short
Kraken Futures PF_GPSUSDshort	+0.0661%	1h	0.01148	+0.389%	$16K	$6K	10x