Funding arb · Price arb /

GPS

all GPS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against OKX+0.125%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,009as in the Funding arb table

Net, price: spread back to 7d avg − costs−$985as in the Price arb table

costs, in and out, $10k−$9989.978% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 4 days (all we have)−0.355%−$35 · spread now +0.125%, 7d avg −0.006%

Together, before fees−0.468%−$47 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 0.131% dearer against OKX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GPS-USDT-SWAP	0.01118	0.0100	pay 0.0050% / 4h	9m 58s	$931K	$1.6M	20x
Short	Gate GPS_USDT	0.01119	0.0100	get 0.0100% / 8h	9m 58s	$587K	$333K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now +0.125%Rate

Funding earned: $0
Price spread: +0.125% → −0.006%: $13.08
Slippage, 4 orders: −$972.78
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$984.7
Costs to cover: 9.978%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Gate: 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 OKX live order book, 2 min ago	0.89 bp	65.2 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	7.15 bp	454.4 bp −$454	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	0.01119	+0.107%	$10K	$15K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01119	+0.089%	$8.8M	$9.1M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01117	−0.089%	$1.5M	$1.3M	50x	as long as short
OKX GPS-USDT-SWAPlong	+0.0100%	4h	0.01118	long leg	$931K	$1.6M	20x
Gate GPS_USDTshort	+0.0100%	8h	0.01119	+0.125%	$587K	$333K	25x
MEXC GPS_USDT	+0.0100%	4h	0.01118	+0.045%	$2.7M	$542K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01121	+0.277%	$553K	$153K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01120	+0.170%	$927K	$706K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01119	+0.089%	—	$1.3M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01117	−0.108%	$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	0.01118	+0.018%	$9K	$143K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01119	+0.061%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.0618%	1h	0.01126	+0.731%	$17K	$8K	10x	as long as short