Funding arb · Price arb /

GPS

all GPS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against OKX+0.045%7-day average −0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$529as in the Funding arb table

Net, price: spread back to 7d avg − costs−$507as in the Price arb table

costs, in and out, $10k−$5185.176% of the position

Long on OKX Short on HTX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.152%+$15 · spread now +0.045%, 7d avg −0.064%

Together, before fees+0.042%+$4 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 0.109% dearer against OKX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GPS-USDT-SWAP	0.01119	0.0100	pay 0.0050% / 4h	1h 36m	$927K	$1.4M	20x
Short	HTX GPS-USDT	0.01119	0.0100	get 0.0050% / 4h	1h 36m	$9K	$144K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → −0.064%: $10.91
Slippage, 4 orders: −$495.57
Fee OKX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$506.66
Costs to cover: 5.176%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; HTX: live order book, 25 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, 5 min ago	1.79 bp	64.0 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 25 min ago	36.49 bp	68.7 bp −$69	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	+0.029%	$10K	$18K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01119	+0.029%	$8.9M	$9.4M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01118	−0.072%	$1.5M	$1.4M	50x	as long as short
OKX GPS-USDT-SWAPlong	+0.0100%	4h	0.01119	long leg	$927K	$1.4M	20x
Gate GPS_USDT	+0.0100%	8h	0.01119	+0.027%	$584K	$240K	25x	as long as short
MEXC GPS_USDT	+0.0100%	4h	0.01119	+0.018%	$2.8M	$548K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01120	+0.134%	$546K	$161K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01119	+0.054%	$920K	$702K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01118	−0.027%	—	$1.2M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01116	−0.185%	$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	0.01119	+0.045%	$9K	$144K	20x
Extended GPS-USD	+0.0104%	1h	0.01119	0.000%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.3255%	1h	0.01123	+0.385%	$17K	$8K	10x	as long as short