Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h −0.014%

Price spread now: Nado against Bybit+0.089%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

The price spread pays, funding is against you. Nado is 0.089% dearer against Bybit than usual: you sell high and buy low (spread +0.089% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GBPUSDUSDT	1.3377	0	get 0.0000% / 8h	2h 43m	$245K	$69K	100x
Short	Nado GBPUSD-PERP	1.3389	−0.0064	pay 0.0008% / 1h	43m 11s	$16K	$7K	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.089%Rate

Funding earned: −$13.34
Price spread: +0.089% → 0.000%: $8.88
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Nado: 0.7 bp × 2 orders: −$1.4
Net: −$16.86
Costs to cover: 0.124%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 52 min ago; Nado: 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, 52 min ago	1.23 bp	21.6 bp −$22	45.8 bp −$458	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

Nado: 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-PERPshort	−0.0064%	1h	1.3389	+0.089%	$16K	$7K	40x
tradeXYZ xyz:GBP	0.0000%	1h	1.3386	+0.067%	$233K	$342K	50x	as long as short
Lighter GBPUSD	0.0000%	1h	1.3384	+0.055%	$181K	$999K	50x	as long as short
Bybit GBPUSDUSDTlong	0.0000%	8h	1.3377	long leg	$245K	$69K	100x
Gate GBPUSD_USDT	0.0000%	8h	1.3389	+0.090%	$222K	$9K	100x	as long as short
Bitget GBPUSDUSDT	0.0000%	8h	1.3386	+0.067%	$12K	$13K	100x	as long as short
SunX GBPUSD-USDT	0.0000%	1h	1.3386	+0.067%	—	$2.4M	10x	as long as short
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3378	+0.010%	$991	—	20x	as long as short
HTX GBPUSD-USDT	0.0000%	1h	1.3392	+0.112%	$5K	$335K	20x	as long as short
Vest GBP-USD-PERP	+0.0038%	1h	1.3377	+0.002%	—	$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	1.3385	+0.060%	$26.0M	$255K	100x	as long as short
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3750	+2.786%	$12K	$73K	101x	as long as short
Hibachi GBP/USDT-P	+0.0368%	1h	1.3390	+0.096%	$19K	$34K	20x	as long as short