Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h +0.011%

Price spread now: Vest against Gate−0.087%49s7-day average — · you buy dearer than you sell

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

Long on Gate 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 Gate 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). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

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	3h 35m	$222K	$9K	100x
Short	Vest GBP-USD-PERP	1.3375	0.0038	get 0.0005% / 1h	35m 35s	—	$38K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.087%Rate

Funding earned: $8
Price spread: −0.087% → 0.000%: −$8.69
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Vest: 1 bp × 2 orders: −$2
Net: −$17.69
Costs to cover: 0.170%
Break-even: 22.5 days

Slippage unknown: Gate: live order book, 11 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 Gate live order book, 11 min ago	1.49 bp	63.3 bp −$63	201.0 bp −$2,010	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	−0.0063%	1h	1.3387	+0.003%	$16K	$7K	40x	as long as short
tradeXYZ xyz:GBP	0.0000%	1h	1.3386	−0.007%	$233K	$342K	50x	as long as short
Lighter GBPUSD	0.0000%	1h	1.3383	−0.033%	$181K	$999K	50x	as long as short
Bybit GBPUSDUSDT	0.0000%	8h	1.3377	−0.077%	$245K	$69K	100x	as long as short
Gate GBPUSD_USDTlong	0.0000%	8h	1.3387	long leg	$222K	$9K	100x
Bitget GBPUSDUSDT	0.0000%	8h	1.3385	−0.015%	$12K	$13K	100x	as long as short
SunX GBPUSD-USDT	0.0000%	1h	1.3386	−0.007%	—	$2.4M	10x	as long as short
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3378	−0.065%	$991	—	20x	as long as short
HTX GBPUSD-USDT	0.0000%	1h	1.3395	+0.060%	$5K	$334K	20x	as long as short
Vest GBP-USD-PERPshort	+0.0038%	1h	1.3375	−0.087%	—	$38K	100x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC GBP_USDT	+0.0126%	4h	1.3383	−0.030%	$26.0M	$259K	100x	as long as short
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3521	+0.999%	$11K	$73K	101x	as long as short
Hibachi GBP/USDT-P	+0.0360%	1h	1.3387	+0.001%	$19K	$34K	20x	as long as short