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

GBP

RWAall GBP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Gate−0.121%7-day average −0.108% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$730.732% of the position
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)−0.103%−$10 · spread now −0.121%, 7d avg −0.108%
Together, before fees−0.103%−$10 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate GBPUSD_USDT1.33950get 0.0000% / 8h1h 34m$222K$9K100x
ShortBybit GBPUSDUSDT1.33790get 0.0000% / 8h1h 34m$246K$69K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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: −0.121% → −0.108%
−$1.32
Slippage, 4 orders
−$47.16
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$74.48
Costs to cover
0.732%
Break-even
never at this rate
Slippage from Gate: live order book, 2 min ago; Bybit: live order book, 55 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 Gate live order book, 2 min ago1.49 bp24.4 bp −$24179.1 bp −$1,791doesn't fitdoesn't fit
Sell Bybit live order book, 55 min ago1.35 bp7.0 bp −$728.0 bp −$280doesn't fitdoesn't fit

GBP on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado GBPUSD-PERP−0.0048%1h1.3377−0.134%$16K$7K40xas long as short
Lighter GBPUSD0.0000%1h1.3373−0.166%$181K$985K50xas long as short
Bybit GBPUSDUSDTshort0.0000%8h1.3379−0.121%$246K$69K100x
Gate GBPUSD_USDTlong0.0000%8h1.3395long leg$222K$9K100x
Bitget GBPUSDUSDT0.0000%8h1.3375−0.149%$12K$12K100xas long as short
SunX GBPUSD-USDT0.0000%1h1.3375−0.149%$2.4M10xas long as short
Kraken Futures PF_GBPUSD0.0000%1h1.3369−0.192%$99120xas long as short
HTX GBPUSD-USDT0.0000%1h1.3397+0.015%$5K$334K20xas long as short
Hibachi GBP/USDT-P+0.0016%1h1.3370−0.184%$21K$43K20xas long as short
tradeXYZ xyz:GBP+0.0025%1h1.3377−0.134%$247K$351K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest GBP-USD-PERP+0.0038%1h1.3366−0.218%$25K100xas long as short
MEXC GBP_USDT+0.0192%4h1.3375−0.149%$26.0M$256K100xas long as short
Injective GBPUSD/USDC PERP+0.0220%1h1.3563+1.253%$11K$72K101xas long as short