Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h +0.011%

Price spread now: Vest against Bybit−0.087%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Vest

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 airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.087% cheaper against Bybit than usual: you would sell low and buy high (spread −0.087% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 7.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GBPUSDUSDT	1.3376	0	get 0.0000% / 8h	1h 41m	$246K	$69K	100x
Short	Vest GBP-USD-PERP	1.3365	0.0038	get 0.0005% / 1h	41m 04s	—	$25K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.087%Rate

Funding earned: $8.01
Price spread: −0.087% → 0.000%: −$8.66
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Vest: 1 bp × 2 orders: −$2
Net: −$13.64
Costs to cover: 0.130%
Break-even: 18.9 days

Slippage unknown: Bybit: live order book, 49 min ago; Vest: 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, 49 min ago	1.35 bp	23.9 bp −$24	46.0 bp −$460	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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-PERP	−0.0049%	1h	1.3375	−0.006%	$16K	$7K	40x	as long as short
Lighter GBPUSD	0.0000%	1h	1.3371	−0.038%	$181K	$985K	50x	as long as short
Bybit GBPUSDUSDTlong	0.0000%	8h	1.3376	long leg	$246K	$69K	100x
Gate GBPUSD_USDT	0.0000%	8h	1.3387	+0.081%	$222K	$9K	100x	as long as short
Bitget GBPUSDUSDT	0.0000%	8h	1.3374	−0.016%	$12K	$12K	100x	as long as short
SunX GBPUSD-USDT	0.0000%	1h	1.3376	−0.001%	—	$2.4M	10x	as long as short
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3366	−0.074%	$990	—	20x	as long as short
HTX GBPUSD-USDT	0.0000%	1h	1.3395	+0.141%	$5K	$334K	20x	as long as short
tradeXYZ xyz:GBP	+0.0024%	1h	1.3377	+0.006%	$247K	$351K	50x	as long as short
Vest GBP-USD-PERPshort	+0.0038%	1h	1.3365	−0.087%	—	$25K	100x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi GBP/USDT-P	+0.0056%	1h	1.3372	−0.034%	$21K	$43K	20x	as long as short
MEXC GBP_USDT	+0.0200%	4h	1.3373	−0.024%	$26.0M	$255K	100x	as long as short
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3563	+1.395%	$11K	$72K	101x	as long as short