Settings8H · net · $10k
Funding arb · Price arb /

GBP

RWAall GBP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%
Price spread now: tradeXYZ against Bybit−0.082%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$530.532% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.081%−$8 on $10k
Price spread, last 4 days (all we have)+0.065%+$6 · spread now −0.082%, 7d avg −0.068%
Together, before fees−0.017%+ Points / potential airdroptradeXYZ: Active · farm board−$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit GBPUSDUSDT1.33820get 0.0000% / 8h5h 44m$247K$104K100x
ShorttradeXYZ xyz:GBP1.33710get 0.0000% / 1h44m 41s$257K$357K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Funding earned
$0
Price spread: −0.082% → −0.068%
−$1.42
Slippage, 4 orders
−$24.22
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$54.64
Costs to cover
0.532%
Break-even
never at this rate
Slippage from Bybit: live order book, 61 min ago; tradeXYZ: live order book, 58 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 61 min ago0.04 bp17.4 bp −$1736.7 bp −$367doesn't fitdoesn't fit
Sell tradeXYZ live order book, 58 min ago0.37 bp10.1 bp −$1013.4 bp −$134doesn't fitdoesn't fit

GBP on 13 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:GBPshort0.0000%1h1.3371−0.082%$257K$357K50x
Lighter GBPUSD0.0000%1h1.3366−0.120%$224K$1.0M50xas long as short
Bybit GBPUSDUSDTlong0.0000%8h1.3382long leg$247K$104K100x
Gate GBPUSD_USDT0.0000%8h1.3393+0.082%$222K$14K100xas long as short
Bitget GBPUSDUSDT0.0000%8h1.3368−0.105%$12K$6K100xas long as short
Hibachi GBP/USDT-P0.0000%1h1.3370−0.091%$24K$44K20xas long as short
SunX GBPUSD-USDT0.0000%1h1.3370−0.090%$1.7M10xas long as short
Kraken Futures PF_GBPUSD0.0000%1h1.3363−0.139%$99020xas long as short
HTX GBPUSD-USDT0.0000%1h1.3384+0.015%$5K$338K20xas long as short
Nado GBPUSD-PERP+0.0004%1h1.3371−0.083%$16K$1K40xas long as short
Show all 13 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective GBPUSD/USDC PERP+0.0033%1h1.3504+0.909%$11K$72K101xas long as short
Vest GBP-USD-PERP+0.0038%1h1.3359−0.174%$5K100xas long as short
MEXC GBP_USDT+0.0114%4h1.3370−0.090%$26.3M$310K100xas long as short