GBP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0344%/8h= −37.7% APRnext payment −$0.43 per $10,000 · paid last 24h −0.058%

Price spread now: Lighter against Hibachi−0.045%7-day average — · you buy dearer than you sell

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

Long on Hibachi Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropHibachi: Active · Lighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Lighter is 0.045% cheaper against Hibachi than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi GBP/USDT-P	1.3388	0.0344	pay 0.0043% / 1h	43m 55s	$19K	$34K	20x
Short	Lighter GBPUSD	1.3382	0	get 0.0000% / 1h	43m 55s	$181K	$999K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Hibachi. 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 HibachibpFee LighterbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$72.24
Price spread: −0.045% → 0.000%: −$4.47
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$85.71
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hibachi: no order-book sample; Lighter: live order book, 6 min ago. 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 Hibachi no order-book sample	—	—	—	—	—
Sell Lighter live order book, 6 min ago	1.01 bp	1.0 bp −$1	7.2 bp −$72	50.6 bp −$5,058	doesn't fit

Hibachi: 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	−0.0064%	1h	1.3387	−0.011%	$16K	$7K	40x	as long as short
tradeXYZ xyz:GBP	0.0000%	1h	1.3385	−0.025%	$233K	$342K	50x	as long as short
Lighter GBPUSDshort	0.0000%	1h	1.3382	−0.045%	$181K	$999K	50x
Bybit GBPUSDUSDT	0.0000%	8h	1.3375	−0.096%	$245K	$69K	100x	as long as short
Gate GBPUSD_USDT	0.0000%	8h	1.3387	−0.010%	$222K	$9K	100x	as long as short
Bitget GBPUSDUSDT	0.0000%	8h	1.3384	−0.032%	$12K	$14K	100x	as long as short
SunX GBPUSD-USDT	0.0000%	1h	1.3386	−0.017%	—	$2.4M	10x	as long as short
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3377	−0.082%	$991	—	20x	as long as short
HTX GBPUSD-USDT	0.0000%	1h	1.3401	+0.095%	$5K	$334K	20x	as long as short
Vest GBP-USD-PERP	+0.0038%	1h	1.3375	−0.099%	—	$38K	100x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC GBP_USDT	+0.0114%	4h	1.3384	−0.032%	$26.0M	$258K	100x	as long as short
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3519	+0.975%	$11K	$73K	101x	as long as short
Hibachi GBP/USDT-Plong	+0.0344%	1h	1.3388	long leg	$19K	$34K	20x