Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%

Price spread now: Injective against Bitget+1.593%61s7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Injective

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 1.593% dearer against Bitget than usual: you sell high and buy low: +$159 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget GBPUSDUSDT	1.3387	0	get 0.0000% / 8h	3h 02m	$12K	$13K	100x
Short	Injective GBPUSD/USDC PERP	1.3600	0.0220	get 0.0028% / 1h	2m 14s	$11K	$73K	101x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bitget. 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 BitgetbpFee InjectivebpOrdersPrice spread, now +1.593%Rate

Funding earned: $46.2
Price spread: +1.593% → 0.000%: $159.26
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $193.44
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Bitget: no order-book sample; Injective: 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 Bitget no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Bitget and Injective: 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.

GBP 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
Nado GBPUSD-PERP	−0.0067%	1h	1.3390	+0.022%	$16K	$7K	40x	as long as short
tradeXYZ xyz:GBP	0.0000%	1h	1.3387	0.000%	$233K	$342K	50x	as long as short
Lighter GBPUSD	0.0000%	1h	1.3385	−0.013%	$181K	$999K	50x	as long as short
Bybit GBPUSDUSDT	0.0000%	8h	1.3378	−0.069%	$245K	$69K	100x	as long as short
Gate GBPUSD_USDT	0.0000%	8h	1.3389	+0.015%	$222K	$9K	100x	as long as short
Bitget GBPUSDUSDTlong	0.0000%	8h	1.3387	long leg	$12K	$13K	100x
SunX GBPUSD-USDT	0.0000%	1h	1.3386	−0.007%	—	$2.4M	10x	as long as short
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3380	−0.050%	$991	—	20x	as long as short
HTX GBPUSD-USDT	0.0000%	1h	1.3399	+0.090%	$5K	$334K	20x	as long as short
Vest GBP-USD-PERP	+0.0038%	1h	1.3378	−0.066%	—	$38K	100x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC GBP_USDT	+0.0200%	4h	1.3387	0.000%	$26.0M	$261K	100x	as long as short
Injective GBPUSD/USDC PERPshort	+0.0220%	1h	1.3600	+1.593%	$11K	$73K	101x
Hibachi GBP/USDT-P	+0.0368%	1h	1.3391	+0.026%	$19K	$34K	20x	as long as short