Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Bybit+0.124%7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$870.874% of the position

Long on Bybit Short on HTX

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)+0.121%+$12 · spread now +0.124%, 7d avg −0.041%

Together, before fees+0.121%+$12 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: HTX is 0.165% dearer against Bybit than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GBPUSDUSDT	1.3374	0	get 0.0000% / 8h	1h 14m	$246K	$69K	100x
Short	HTX GBPUSD-USDT	1.3391	0	get 0.0000% / 1h	14m 19s	$5K	$335K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.124%Rate

Funding earned: $0
Price spread: +0.124% → −0.041%: $16.51
Slippage, 4 orders: −$64.38
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$70.87
Costs to cover: 0.874%
Break-even: never at this rate

Slippage from Bybit: live order book, 11 min ago; HTX: live order book, 28 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, 11 min ago	0.60 bp	16.4 bp −$16	43.9 bp −$439	doesn't fit	doesn't fit
Sell HTX live order book, 28 min ago	17.18 bp	39.1 bp −$39	doesn't fit	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
Hibachi GBP/USDT-P	−0.0136%	1h	1.3369	−0.042%	$21K	$43K	20x	as long as short
Nado GBPUSD-PERP	−0.0029%	1h	1.3372	−0.015%	$16K	$1K	40x	as long as short
Lighter GBPUSD	0.0000%	1h	1.3369	−0.043%	$181K	$985K	50x	as long as short
Bybit GBPUSDUSDTlong	0.0000%	8h	1.3374	long leg	$246K	$69K	100x
Gate GBPUSD_USDT	0.0000%	8h	1.3394	+0.147%	$222K	$9K	100x	as long as short
Bitget GBPUSDUSDT	0.0000%	8h	1.3370	−0.033%	$12K	$12K	100x	as long as short
SunX GBPUSD-USDT	0.0000%	1h	1.3377	+0.019%	—	$2.4M	10x	as long as short
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3363	−0.083%	$990	—	20x	as long as short
HTX GBPUSD-USDTshort	0.0000%	1h	1.3391	+0.124%	$5K	$335K	20x
Vest GBP-USD-PERP	+0.0038%	1h	1.3361	−0.101%	—	$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	+0.0039%	1h	1.3376	+0.012%	$247K	$351K	50x	as long as short
MEXC GBP_USDT	+0.0158%	4h	1.3371	−0.025%	$26.0M	$257K	100x	as long as short
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3563	+1.409%	$11K	$72K	101x	as long as short