Settings8H · net · $10k
Funding arb · Price arb /

GBP

RWAall GBP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.063%
Price spread now: Nado against Hibachi+0.008%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHibachi: Active · Nado: Active · farm boardneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi GBP/USDT-P1.33700get 0.0000% / 1h45m 09s$24K$44K20x
ShortNado GBPUSD-PERP1.33710.0004get 0.0001% / 1h45m 09s$16K$1K40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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

Funding earned
$0.86
Price spread: +0.008% → 0.000%
$0.8
Slippage, 4 orders
no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee Nado: 0.7 bp × 2 orders
−$1.4
Net
−$8.73
Costs to cover
0.104%
Break-even
77.8 days
Slippage unknown: Hibachi: no order-book sample; Nado: 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
LegHalf-spread$10k$100k$1M$5M
Buy Hibachi no order-book sample
Sell Nado no order-book sample
Hibachi and Nado: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:GBP0.0000%1h1.3371+0.009%$257K$357K50xas long as short
Lighter GBPUSD0.0000%1h1.3366−0.031%$224K$1.0M50xas long as short
Bybit GBPUSDUSDT0.0000%8h1.3382+0.091%$247K$104K100xas long as short
Gate GBPUSD_USDT0.0000%8h1.3392+0.166%$222K$14K100xas long as short
Bitget GBPUSDUSDT0.0000%8h1.3367−0.021%$12K$6K100xas long as short
Hibachi GBP/USDT-Plong0.0000%1h1.3370long leg$24K$44K20x
SunX GBPUSD-USDT0.0000%1h1.3370+0.002%$1.7M10xas long as short
Kraken Futures PF_GBPUSD0.0000%1h1.3363−0.048%$99020xas long as short
HTX GBPUSD-USDT0.0000%1h1.3384+0.106%$5K$338K20xas long as short
Nado GBPUSD-PERPshort+0.0004%1h1.3371+0.008%$16K$1K40x
Show all 13 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective GBPUSD/USDC PERP+0.0033%1h1.3504+1.001%$11K$72K101xas long as short
Vest GBP-USD-PERP+0.0038%1h1.3359−0.083%$5K100xas long as short
MEXC GBP_USDT+0.0098%4h1.3368−0.013%$26.3M$310K100xas long as short