Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: tradeXYZ against Gate−0.082%7-day average −0.185% · you buy dearer than you sell

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1121.121% of the position

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 4 days (all we have)−0.188%−$19 · spread now −0.082%, 7d avg −0.185%

Together, before fees−0.271%+ Points / potential airdroptradeXYZ: Active · farm board−$27 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: tradeXYZ is 0.103% dearer against Gate than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.185%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GBPUSD_USDT	1.3388	0	get 0.0000% / 8h	4h 35m	$222K	$9K	100x
Short	tradeXYZ xyz:GBP	1.3377	0	get 0.0000% / 1h	35m 47s	$233K	$343K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.082%Rate

Funding earned: $0
Price spread: −0.082% → −0.185%: $10.3
Slippage, 4 orders: −$79.08
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$101.78
Costs to cover: 1.121%
Break-even: never at this rate

Slippage from Gate: live order book, 16 min ago; tradeXYZ: live order book, 60 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, 16 min ago	1.49 bp	79.3 bp −$79	198.7 bp −$1,987	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 60 min ago	0.37 bp	10.1 bp −$10	13.9 bp −$139	doesn't fit	doesn't fit

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	−0.0070%	1h	1.3381	−0.054%	$16K	$7K	40x	as long as short
MEXC GBP_USDT	−0.0048%	4h	1.3377	−0.082%	$26.0M	$228K	100x	as long as short
tradeXYZ xyz:GBPshort	0.0000%	1h	1.3377	−0.082%	$233K	$343K	50x
Lighter GBPUSD	0.0000%	1h	1.3376	−0.089%	$181K	$999K	50x	as long as short
Bybit GBPUSDUSDT	0.0000%	8h	1.3377	−0.078%	$245K	$69K	100x	as long as short
Gate GBPUSD_USDTlong	0.0000%	8h	1.3388	long leg	$222K	$9K	100x
Bitget GBPUSDUSDT	0.0000%	8h	1.3378	−0.075%	$12K	$13K	100x	as long as short
SunX GBPUSD-USDT	0.0000%	1h	1.3377	−0.082%	—	$2.4M	10x	as long as short
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3371	−0.124%	$991	—	20x	as long as short
HTX GBPUSD-USDT	0.0000%	1h	1.3396	+0.060%	$5K	$334K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GBP-USD-PERP	+0.0038%	1h	1.3369	−0.141%	—	$38K	100x	as long as short
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3512	+0.924%	$11K	$73K	101x	as long as short
Hibachi GBP/USDT-P	+0.0328%	1h	1.3380	−0.058%	$19K	$34K	20x	as long as short