Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Bybit−0.049%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Bitget

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.049% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GBPUSDUSDT	1.3377	0	get 0.0000% / 8h	40m 15s	$246K	$62K	100x
Short	Bitget GBPUSDUSDT	1.3370	0	get 0.0000% / 8h	40m 15s	$12K	$11K	100x

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 −0.049%Rate

Funding earned: $0
Price spread: −0.049% → 0.000%: −$4.93
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$27.93
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 45 min ago; Bitget: 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 Bybit live order book, 45 min ago	0.60 bp	16.4 bp −$16	43.9 bp −$439	doesn't fit	doesn't fit
Sell Bitget no order-book sample	—	—	—	—	—

Bitget: 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
Hibachi GBP/USDT-P	−0.0080%	1h	1.3368	−0.063%	$22K	$44K	20x	as long as short
Nado GBPUSD-PERP	−0.0016%	1h	1.3373	−0.026%	$16K	$1K	40x	as long as short
Lighter GBPUSD	0.0000%	1h	1.3367	−0.069%	$181K	$972K	50x	as long as short
Bybit GBPUSDUSDTlong	0.0000%	8h	1.3377	long leg	$246K	$62K	100x
Gate GBPUSD_USDT	0.0000%	8h	1.3387	+0.078%	$222K	$9K	100x	as long as short
Bitget GBPUSDUSDTshort	0.0000%	8h	1.3370	−0.049%	$12K	$11K	100x
SunX GBPUSD-USDT	0.0000%	1h	1.3373	−0.027%	—	$2.4M	10x	as long as short
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3359	−0.129%	$990	—	20x	as long as short
HTX GBPUSD-USDT	0.0000%	1h	1.3389	+0.093%	$5K	$335K	20x	as long as short
Vest GBP-USD-PERP	+0.0039%	1h	1.3361	−0.116%	—	$19K	100x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GBP	+0.0064%	1h	1.3374	−0.019%	$246K	$351K	50x	as long as short
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3510	+0.995%	$11K	$72K	101x	as long as short
MEXC GBP_USDT	+0.0248%	4h	1.3369	−0.057%	$26.0M	$253K	100x	as long as short