Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%

Price spread now: Injective against Gate+0.917%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.241%+$24 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.917% dearer against Gate than usual: you sell high and buy low: +$92 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GBPUSD_USDT	1.3387	0	get 0.0000% / 8h	39m 19s	$222K	$9K	100x
Short	Injective GBPUSD/USDC PERP	1.3510	0.0220	get 0.0028% / 1h	39m 19s	$11K	$72K	101x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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

Position, each leg$Hold fordaysFee GatebpFee InjectivebpOrdersPrice spread, now +0.917%Rate

Funding earned: $46.2
Price spread: +0.917% → 0.000%: $91.66
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $122.84
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 57 min ago; Injective: 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 Gate live order book, 57 min ago	1.49 bp	24.4 bp −$24	179.1 bp −$1,791	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Hibachi GBP/USDT-P	−0.0072%	1h	1.3369	−0.136%	$22K	$44K	20x	as long as short
Nado GBPUSD-PERP	−0.0018%	1h	1.3373	−0.105%	$16K	$1K	40x	as long as short
Lighter GBPUSD	0.0000%	1h	1.3369	−0.137%	$181K	$972K	50x	as long as short
Bybit GBPUSDUSDT	0.0000%	8h	1.3376	−0.080%	$246K	$62K	100x	as long as short
Gate GBPUSD_USDTlong	0.0000%	8h	1.3387	long leg	$222K	$9K	100x
Bitget GBPUSDUSDT	0.0000%	8h	1.3370	−0.127%	$12K	$11K	100x	as long as short
SunX GBPUSD-USDT	0.0000%	1h	1.3372	−0.112%	—	$2.4M	10x	as long as short
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3364	−0.169%	$990	—	20x	as long as short
HTX GBPUSD-USDT	0.0000%	1h	1.3369	−0.134%	$5K	$335K	20x	as long as short
Vest GBP-USD-PERP	+0.0039%	1h	1.3362	−0.190%	—	$19K	100x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GBP	+0.0061%	1h	1.3374	−0.097%	$246K	$351K	50x	as long as short
Injective GBPUSD/USDC PERPshort	+0.0220%	1h	1.3510	+0.917%	$11K	$72K	101x
MEXC GBP_USDT	+0.0248%	4h	1.3368	−0.142%	$26.0M	$253K	100x	as long as short