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 OKX−0.036%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$784as in the Funding arb table

Net, price: spread back to 7d avg − costs−$781as in the Price arb table

costs, in and out, $10k−$7737.728% of the position

Long on OKX Short on KuCoin

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)−0.138%−$14 · spread now −0.036%, 7d avg +0.046%

Together, before fees−0.247%−$25 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 0.082% cheaper against OKX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GPS-USDT-SWAP	0.01124	0.0100	pay 0.0050% / 4h	3h 02m	$931K	$1.0M	20x
Short	KuCoin GPSUSDTM	0.01124	0.0100	get 0.0050% / 4h	3h 02m	$547K	$126K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → +0.046%: −$8.15
Slippage, 4 orders: −$750.75
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$780.9
Costs to cover: 7.728%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; KuCoin: live order book, 71 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, 4 min ago	3.11 bp	43.2 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 71 min ago	8.82 bp	444.3 bp −$444	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	0.01124	−0.075%	$10K	$18K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01124	−0.072%	$9.0M	$8.2M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01121	−0.293%	$1.5M	$1.2M	50x	as long as short
OKX GPS-USDT-SWAPlong	+0.0100%	4h	0.01124	long leg	$931K	$1.0M	20x
Gate GPS_USDT	+0.0100%	8h	0.01124	−0.036%	$586K	$208K	25x	as long as short
MEXC GPS_USDT	+0.0100%	4h	0.01123	−0.107%	$2.8M	$406K	100x	as long as short
KuCoin GPSUSDTMshort	+0.0100%	4h	0.01124	−0.036%	$547K	$126K	30x
Bitget GPSUSDT	+0.0100%	4h	0.01125	+0.071%	$936K	$549K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01123	−0.125%	—	$1.2M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01120	−0.382%	$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	0.01124	−0.053%	$9K	$140K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01123	−0.120%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.2512%	1h	0.01125	+0.086%	$17K	$7K	10x	as long as short