Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Kraken Futures against Bitget−0.035%48s7-day average — · you buy dearer than you sell

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

Long on Bitget 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—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kraken Futures is 0.035% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 48 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	1.3364	0	get 0.0000% / 8h	4h 47m	$12K	$6K	100x
Short	Kraken Futures PF_GBPUSD	1.3359	0	get 0.0000% / 1h	47m 23s	$990	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → 0.000%: −$3.49
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$25.49
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: 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 Bitget no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Bitget 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.

GBP on 13 exchanges

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
Lighter GBPUSD	0.0000%	1h	1.3362	−0.015%	$225K	$1.0M	50x	as long as short
Bybit GBPUSDUSDT	0.0000%	8h	1.3363	−0.004%	$248K	$104K	100x	as long as short
Gate GBPUSD_USDT	0.0000%	8h	1.3382	+0.135%	$222K	$15K	100x	as long as short
Bitget GBPUSDUSDTlong	0.0000%	8h	1.3364	long leg	$12K	$6K	100x
SunX GBPUSD-USDT	0.0000%	1h	1.3365	+0.007%	—	$1.6M	10x	as long as short
Kraken Futures PF_GBPUSDshort	0.0000%	1h	1.3359	−0.035%	$990	—	20x
HTX GBPUSD-USDT	0.0000%	1h	1.3355	−0.067%	$5K	$337K	20x	as long as short
Nado GBPUSD-PERP	+0.0010%	1h	1.3368	+0.030%	$16K	$1K	40x	as long as short
tradeXYZ xyz:GBP	+0.0027%	1h	1.3367	+0.022%	$255K	$162K	50x	as long as short
Vest GBP-USD-PERP	+0.0038%	1h	1.3355	−0.065%	—	$1	100x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC GBP_USDT	+0.0182%	4h	1.3368	+0.030%	$26.3M	$314K	100x	as long as short
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3363	−0.005%	$8K	$76K	101x	as long as short
Hibachi GBP/USDT-P	+0.0248%	1h	1.3369	+0.034%	$25K	$46K	20x	as long as short