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: MEXC against OKX+0.009%7-day average −0.184% · you sell dearer than you buy

Net, funding: paid 7d − costs−$162as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1521.515% of the position

Long on OKX Short on MEXC

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−0.274%−$27 · spread now +0.009%, 7d avg −0.184%

Together, before fees−0.383%−$38 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: MEXC is 0.193% dearer against OKX than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.184%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GPS-USDT-SWAP	0.01120	0.0100	pay 0.0050% / 4h	3h 12m	$929K	$1.5M	20x
Short	MEXC GPS_USDT	0.01120	0.0100	get 0.0050% / 4h	3h 12m	$2.7M	$548K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → −0.184%: $19.27
Slippage, 4 orders: −$137.54
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$132.27
Costs to cover: 1.515%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; MEXC: live order book, 4 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	1.34 bp	64.1 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.45 bp	10.0 bp −$10	65.5 bp −$655	301.8 bp −$30.2K	576.7 bp −$288.4K

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	0.01120	+0.061%	$10K	$15K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01120	+0.027%	$8.8M	$9.2M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01119	−0.009%	$1.4M	$1.3M	50x	as long as short
OKX GPS-USDT-SWAPlong	+0.0100%	4h	0.01120	long leg	$929K	$1.5M	20x
Gate GPS_USDT	+0.0100%	8h	0.01121	+0.116%	$587K	$328K	25x	as long as short
MEXC GPS_USDTshort	+0.0100%	4h	0.01120	+0.009%	$2.7M	$548K	100x
KuCoin GPSUSDTM	+0.0100%	4h	0.01122	+0.223%	$551K	$156K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01120	+0.080%	$927K	$707K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01120	+0.054%	—	$1.2M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01119	−0.029%	$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	0.01120	+0.071%	$9K	$142K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01120	+0.015%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.3374%	1h	0.01123	+0.339%	$17K	$8K	10x	as long as short