Funding arb · Price arb /

GPS

all GPS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Bitget against Bybit+0.217%7-day average +0.139% · you sell dearer than you buy

Net, funding: paid 7d − costs−$267as in the Funding arb table

Net, price: spread back to 7d avg − costs−$265as in the Price arb table

costs, in and out, $10k−$2732.726% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)−0.333%−$33 · spread now +0.217%, 7d avg +0.139%

Together, before fees−0.281%−$28 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: Bitget is 0.079% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.139%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GPSUSDT	0.01104	0.0100	pay 0.0050% / 4h	2h 26m	$1.4M	$1.3M	50x
Short	Bitget GPSUSDT	0.01106	0.0100	get 0.0050% / 4h	2h 26m	$914K	$719K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.217%Rate

Funding earned: $0
Price spread: +0.217% → +0.139%: $7.86
Slippage, 4 orders: −$249.6
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$264.74
Costs to cover: 2.726%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Bitget: live order book, 59 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 Bybit live order book, 4 min ago	3.17 bp	120.6 bp −$121	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 59 min ago	4.97 bp	31.1 bp −$31	150.6 bp −$1,506	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	0.01106	+0.189%	$10K	$15K	5x	as long as short
Binance GPSUSDT	+0.0100%	4h	0.01105	+0.091%	$8.6M	$9.0M	50x	as long as short
Bybit GPSUSDTlong	+0.0100%	4h	0.01104	long leg	$1.4M	$1.3M	50x
OKX GPS-USDT-SWAP	+0.0100%	4h	0.01107	+0.254%	$939K	$1.5M	20x	as long as short
Gate GPS_USDT	+0.0100%	8h	0.01107	+0.317%	$582K	$333K	25x	as long as short
MEXC GPS_USDT	+0.0100%	4h	0.01105	+0.091%	$2.7M	$534K	100x	as long as short
KuCoin GPSUSDTM	+0.0100%	4h	0.01108	+0.362%	$550K	$154K	30x	as long as short
Bitget GPSUSDTshort	+0.0100%	4h	0.01106	+0.217%	$914K	$719K	50x
BingX GPS-USDT	+0.0100%	4h	0.01106	+0.181%	—	$1.3M	—	as long as short
Variational Omni GPS	+0.0100%	4h	0.01106	+0.190%	$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	0.01105	+0.091%	$9K	$144K	20x	as long as short
Extended GPS-USD	+0.0104%	1h	0.01105	+0.079%	—	—	5x	as long as short
Kraken Futures PF_GPSUSD	+0.2205%	1h	0.01106	+0.215%	$17K	$8K	10x	as long as short