Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Bybit+0.067%7-day average −0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$228as in the Funding arb table

Net, price: spread back to 7d avg − costs−$213as in the Price arb table

costs, in and out, $10k−$2282.278% of the position

Long on Bybit Short on SunX

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)−0.017%−$2 · spread now +0.067%, 7d avg −0.082%

Together, before fees−0.017%−$2 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: SunX is 0.149% dearer against Bybit than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.082%.

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	SunX GBPUSD-USDT	1.3386	0	get 0.0000% / 1h	43m 11s	—	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.067%Rate

Funding earned: $0
Price spread: +0.067% → −0.082%: $14.95
Slippage, 4 orders: −$208.85
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$212.9
Costs to cover: 2.278%
Break-even: never at this rate

Slippage from Bybit: live order book, 52 min ago; SunX: live order book, 4 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, 52 min ago	1.23 bp	21.6 bp −$22	45.8 bp −$458	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	81.05 bp	100.2 bp −$100	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
Nado GBPUSD-PERP	−0.0064%	1h	1.3389	+0.089%	$16K	$7K	40x	as long as short
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-USDTshort	0.0000%	1h	1.3386	+0.067%	—	$2.4M	10x
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