Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Lighter against Gate−0.157%7-day average −0.121% · you buy dearer than you sell

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1341.341% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.092%+$9 · spread now −0.157%, 7d avg −0.121%

Together, before fees+0.108%+ Points / potential airdropLighter: Season 3 · farm board+$11 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: Lighter is 0.036% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.121%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GBPUSD_USDT	1.3383	0	get 0.0000% / 8h	4h 47m	$222K	$15K	100x
Short	Lighter GBPUSD	1.3362	0	get 0.0000% / 1h	47m 47s	$225K	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.157%Rate

Funding earned: $0
Price spread: −0.157% → −0.121%: −$3.56
Slippage, 4 orders: −$119.1
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$137.66
Costs to cover: 1.341%
Break-even: never at this rate

Slippage from Gate: live order book, 52 min ago; Lighter: live order book, 1 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 Gate live order book, 52 min ago	2.61 bp	41.0 bp −$41	181.6 bp −$1,816	doesn't fit	doesn't fit
Sell Lighter live order book, 1 min ago	0.04 bp	3.4 bp −$3	9.1 bp −$91	50.7 bp −$5,066	doesn't fit

GBP on 13 exchanges

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
Lighter GBPUSDshort	0.0000%	1h	1.3362	−0.157%	$225K	$1.0M	50x
Bybit GBPUSDUSDT	0.0000%	8h	1.3364	−0.145%	$248K	$104K	100x	as long as short
Gate GBPUSD_USDTlong	0.0000%	8h	1.3383	long leg	$222K	$15K	100x
Bitget GBPUSDUSDT	0.0000%	8h	1.3363	−0.149%	$12K	$6K	100x	as long as short
SunX GBPUSD-USDT	0.0000%	1h	1.3365	−0.134%	—	$1.6M	10x	as long as short
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3359	−0.177%	$990	—	20x	as long as short
HTX GBPUSD-USDT	0.0000%	1h	1.3355	−0.209%	$5K	$337K	20x	as long as short
Nado GBPUSD-PERP	+0.0011%	1h	1.3368	−0.115%	$16K	$1K	40x	as long as short
tradeXYZ xyz:GBP	+0.0030%	1h	1.3367	−0.120%	$255K	$162K	50x	as long as short
Vest GBP-USD-PERP	+0.0038%	1h	1.3354	−0.214%	—	$1	100x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC GBP_USDT	+0.0186%	4h	1.3366	−0.127%	$26.3M	$314K	100x	as long as short
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3363	−0.147%	$8K	$76K	101x	as long as short
Hibachi GBP/USDT-P	+0.0240%	1h	1.3369	−0.108%	$25K	$46K	20x	as long as short