GPS arbitrage between Bybit and Binance: we compare the price of GPS on Bybit (futures) and Binance (spot) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About GoPlus Security

GoPlus is revolutionizing Web3 user security through its permissionless and user-driven User Security Network, which provides comprehensive protection across the entire user transaction lifecycle. GoPlus aims to create a more secure and user-friendly Web3 on-chain interaction environment by filling the gap of the security layer in the current blockchain's architecture, providing users with more effective and better-experienced on-chain security protection.

BNB Chain Ecosystem, Base Ecosystem, Cybersecurity, YZi Labs (Prev. Binance Labs) Portfolio

Over the past 24 hours the spread between Bybit and Binance stayed between 0.19% and 1.09%, median 0.45% across 15 samples (futures to futures).

GPS: Bybit — deposit open, withdrawal open; Binance — deposit open, withdrawal open.

Open interest in GPS right now — $27.9M: Binance $11.2M, BingX $4.8M, KuCoin $4.5M, Bybit $3.9M, OKX $2.3M. See OI GPS.

About GPS arbitrage

How do I read the GPS spread?

The spread is how many percent higher GPS trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on Bybit and Binance. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get GPS alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.