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: OKX against MEXC−0.027%7-day average +0.179% · you buy dearer than you sell

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1381.382% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 7 days+0.251%+$25 · spread now −0.027%, 7d avg +0.179%

Together, before fees+0.361%+$36 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: OKX is 0.206% cheaper against MEXC than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.179%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GPS_USDT	0.01131	0.0100	pay 0.0050% / 4h	3h 55m	$2.8M	$401K	100x
Short	OKX GPS-USDT-SWAP	0.01131	0.0100	get 0.0050% / 4h	3h 55m	$938K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → +0.179%: −$20.57
Slippage, 4 orders: −$124.22
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$158.79
Costs to cover: 1.382%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; OKX: 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, 1 min ago	1.77 bp	10.5 bp −$10	62.4 bp −$624	303.3 bp −$30.3K	doesn't fit
Sell OKX live order book, 1 min ago	3.09 bp	56.8 bp −$57	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	−0.023%	$10K	$18K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01131	+0.009%	$9.0M	$8.4M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01130	−0.097%	$1.4M	$1.2M	50x	as long as short
OKX GPS-USDT-SWAPshort	+0.0100%	4h	0.01131	−0.027%	$938K	$1.1M	20x
Gate GPS_USDT	+0.0100%	8h	0.01131	+0.009%	$590K	$204K	25x	as long as short
MEXC GPS_USDTlong	+0.0100%	4h	0.01131	long leg	$2.8M	$401K	100x
KuCoin GPSUSDTM	+0.0100%	4h	0.01133	+0.150%	$551K	$133K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01134	+0.221%	$936K	$565K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01131	−0.035%	—	$1.2M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01131	−0.062%	$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	0.01133	+0.150%	$8K	$140K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01132	+0.062%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.2483%	1h	0.01139	+0.668%	$17K	$7K	10x	as long as short