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: Gate against Bybit+0.068%7-day average +0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1221.224% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.157%+$16 · spread now +0.068%, 7d avg +0.108%

Together, before fees+0.157%+$16 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: Gate is 0.040% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GBPUSDUSDT	1.3380	0	get 0.0000% / 8h	2h 12m	$246K	$69K	100x
Short	Gate GBPUSD_USDT	1.3389	0	get 0.0000% / 8h	2h 12m	$222K	$9K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.068%Rate

Funding earned: $0
Price spread: +0.068% → +0.108%: −$4.01
Slippage, 4 orders: −$96.37
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$126.39
Costs to cover: 1.224%
Break-even: never at this rate

Slippage from Bybit: live order book, 18 min ago; Gate: live order book, 29 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, 18 min ago	1.35 bp	23.9 bp −$24	46.0 bp −$460	doesn't fit	doesn't fit
Sell Gate live order book, 29 min ago	2.61 bp	12.9 bp −$13	223.3 bp −$2,233	doesn't fit	doesn't fit

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	−0.0057%	1h	1.3385	+0.041%	$16K	$7K	40x	as long as short
tradeXYZ xyz:GBP	0.0000%	1h	1.3387	+0.053%	$240K	$348K	50x	as long as short
Lighter GBPUSD	0.0000%	1h	1.3381	+0.011%	$181K	$999K	50x	as long as short
Bybit GBPUSDUSDTlong	0.0000%	8h	1.3380	long leg	$246K	$69K	100x
Gate GBPUSD_USDTshort	0.0000%	8h	1.3389	+0.068%	$222K	$9K	100x
Bitget GBPUSDUSDT	0.0000%	8h	1.3382	+0.016%	$12K	$12K	100x	as long as short
SunX GBPUSD-USDT	0.0000%	1h	1.3386	+0.046%	—	$2.4M	10x	as long as short
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3375	−0.034%	$991	—	20x	as long as short
HTX GBPUSD-USDT	0.0000%	1h	1.3394	+0.105%	$5K	$334K	20x	as long as short
Vest GBP-USD-PERP	+0.0038%	1h	1.3373	−0.048%	—	$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	+0.0142%	4h	1.3381	+0.008%	$26.0M	$259K	100x	as long as short
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3750	+2.764%	$12K	$73K	101x	as long as short
Hibachi GBP/USDT-P	+0.0344%	1h	1.3384	+0.029%	$20K	$41K	20x	as long as short