Funding arb · Price arb /

GPS

all GPS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.2422%/8h= +265.2% APRpaid last 24h +0.219%

Price spread now: Kraken Futures against Variational Omni+0.154%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$73 a day on $10k at the current rate, and Kraken Futures is 0.154% dearer against Variational Omni than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GPS	0.01119	0.0100	pay 0.0050% / 4h	3h 11m	$3K	$201	—
Short	Kraken Futures PF_GPSUSD	0.01121	0.2522	get 0.0315% / 1h	11m 41s	$17K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now +0.154%Rate

Funding earned: $508.55
Price spread: +0.154% → 0.000%: $15.4
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $513.95
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Kraken Futures: no order-book sample. Net counts fees only.

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 Variational Omni no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Variational Omni and Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.040%	$10K	$18K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01119	−0.001%	$8.9M	$8.2M	50x	as long as short
Bybit GPSUSDT	+0.0100%	4h	0.01118	−0.130%	$1.5M	$1.2M	50x	as long as short
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01121	+0.138%	$928K	$1.0M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01119	−0.005%	$583K	$208K	25x	as long as short
MEXC GPS_USDT	+0.0100%	4h	0.01120	+0.004%	$2.8M	$405K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01121	+0.138%	$546K	$127K	30x	as long as short
Bitget GPSUSDT	+0.0100%	4h	0.01122	+0.192%	$934K	$551K	50x	as long as short
BingX GPS-USDT	+0.0100%	4h	0.01121	+0.102%	—	$1.2M	—	as long as short
Variational Omni GPSlong	+0.0100%	4h	0.01119	long leg	$3K	$201	—

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	+0.049%	$9K	$140K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01119	−0.065%	—	—	5x	as long as short
Kraken Futures PF_GPSUSDshort	+0.2522%	1h	0.01121	+0.154%	$17K	$7K	10x