Settings8H · net · $10k
Funding arb · Price arb /

GPS

all GPS markets
SwapBacktest
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: OKX against Binance+0.123%7-day average +0.167% · you sell dearer than you buy
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$166as in the Price arb table
costs, in and out, $10k−$1621.620% of the position
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+0.105%+$10 · spread now +0.123%, 7d avg +0.167%
Together, before fees+0.214%+$21 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: OKX is 0.043% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.167%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance GPSUSDT0.011310.0100pay 0.0050% / 4h17m 44s$9.0M$8.5M50x
ShortOKX GPS-USDT-SWAP0.011320.0100get 0.0050% / 4h17m 44s$936K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Binance. 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

Funding earned
$0
Price spread: +0.123% → +0.167%
−$4.34
Slippage, 4 orders
−$141.97
Fee Binance: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$166.31
Costs to cover
1.620%
Break-even
never at this rate
Slippage from Binance: live order book, 7 min ago; OKX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 7 min ago0.44 bp25.3 bp −$25198.7 bp −$1,987doesn't fitdoesn't fit
Sell OKX live order book, 4 min ago4.42 bp61.4 bp −$61doesn't fitdoesn't fitdoesn't fit

GPS on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster GPSUSDT+0.0100%4h0.01130−0.061%$10K$18K5xas long as short
Binance GPSUSDTlong+0.0100%4h0.01131long leg$9.0M$8.5M50x
Bybit GPSUSDT+0.0100%4h0.01129−0.107%$1.4M$1.3M50xas long as short
OKX GPS-USDT-SWAPshort+0.0100%4h0.01132+0.123%$936K$1.1M20x
Gate GPS_USDT+0.0100%8h0.01130−0.045%$589K$213K25xas long as short
MEXC GPS_USDT+0.0100%4h0.01131+0.008%$2.8M$420K100xas long as short
KuCoin GPSUSDTM+0.0100%4h0.01131+0.044%$555K$136K30xas long as short
Bitget GPSUSDT+0.0100%4h0.01132+0.097%$928K$587K50xas long as short
BingX GPS-USDT+0.0100%4h0.01130−0.054%$1.2Mas long as short
Variational Omni GPS+0.0100%4h0.01127−0.298%$3K$201as long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX GPS-USDT+0.0100%4h0.01130−0.062%$9K$139K20xas long as short
Extended GPS-USD+0.0104%1h0.01130−0.083%5xas long as short
Kraken Futures PF_GPSUSD+0.2663%1h0.01133+0.191%$17K$7K10xas long as short