Funding arb · Price arb /

GPS

all GPS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against MEXC−0.053%7-day average +0.125% · you buy dearer than you sell

Net, funding: paid 7d − costs−$644as in the Funding arb table

Net, price: spread back to 7d avg − costs−$662as in the Price arb table

costs, in and out, $10k−$6446.439% of the position

Long on MEXC Short on KuCoin

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)+0.205%+$20 · spread now −0.053%, 7d avg +0.125%

Together, before fees+0.205%+$20 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: KuCoin is 0.178% cheaper against MEXC than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.125%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GPS_USDT	0.01132	0.0100	pay 0.0050% / 4h	1h 32m	$2.9M	$362K	100x
Short	KuCoin GPSUSDTM	0.01131	0.0100	get 0.0050% / 4h	1h 32m	$548K	$129K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.053%Rate

Funding earned: $0
Price spread: −0.053% → +0.125%: −$17.75
Slippage, 4 orders: −$627.95
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$661.7
Costs to cover: 6.439%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; KuCoin: live order book, 12 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	2.21 bp	11.6 bp −$12	63.6 bp −$636	320.1 bp −$32.0K	doesn't fit
Sell KuCoin live order book, 12 min ago	8.83 bp	378.9 bp −$379	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	0.01131	−0.086%	$10K	$15K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01132	+0.006%	$9.0M	$8.0M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01130	−0.106%	$1.4M	$1.2M	50x	as long as short
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01132	0.000%	$936K	$1.0M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01130	−0.115%	$588K	$207K	25x	as long as short
MEXC GPS_USDTlong	+0.0100%	4h	0.01132	long leg	$2.9M	$362K	100x
KuCoin GPSUSDTMshort	+0.0100%	4h	0.01131	−0.053%	$548K	$129K	30x
Variational Omni GPS	+0.0100%	4h	0.01128	−0.340%	$3K	$201	—	as long as short
HTX GPS-USDT	+0.0100%	4h	0.01129	−0.194%	$9K	$140K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01130	−0.102%	—	—	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	+0.0188%	4h	0.01133	+0.141%	$941K	$524K	50x	as long as short
BingX GPS-USDT	+0.0197%	4h	0.01130	−0.124%	—	$1.2M	—	as long as short
Kraken Futures PF_GPSUSD	+0.2690%	1h	0.01131	−0.081%	$17K	$5K	10x	as long as short