Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against HTX+0.247%7-day average +0.137% · you sell dearer than you buy

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs−$139as in the Price arb table

costs, in and out, $10k−$1501.500% of the position

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.273%−$27 · spread now +0.247%, 7d avg +0.137%

Together, before fees−0.273%−$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: Gate is 0.110% dearer against HTX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.137%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GBPUSD-USDT	1.3353	0	get 0.0000% / 1h	51m 01s	$5K	$336K	20x
Short	Gate GBPUSD_USDT	1.3386	0	get 0.0000% / 8h	7h 51m	$223K	$10K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against HTX. 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 HTXbpFee GatebpOrdersPrice spread, now +0.247%Rate

Funding earned: $0
Price spread: +0.247% → +0.137%: $10.99
Slippage, 4 orders: −$123.03
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$139.04
Costs to cover: 1.500%
Break-even: never at this rate

Slippage from HTX: live order book, 46 min ago; Gate: live order book, 40 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 HTX live order book, 46 min ago	39.61 bp	50.2 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 40 min ago	2.61 bp	12.8 bp −$13	238.1 bp −$2,381	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
Hibachi GBP/USDT-P	−0.0040%	1h	1.3350	−0.021%	$22K	$45K	20x	as long as short
Lighter GBPUSD	0.0000%	1h	1.3352	−0.009%	$193K	$982K	50x	as long as short
Gate GBPUSD_USDTshort	0.0000%	8h	1.3386	+0.247%	$223K	$10K	100x
Bitget GBPUSDUSDT	0.0000%	8h	1.3356	+0.022%	$12K	$9K	100x	as long as short
SunX GBPUSD-USDT	0.0000%	1h	1.3355	+0.015%	—	$2.4M	10x	as long as short
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3350	−0.020%	$989	—	20x	as long as short
HTX GBPUSD-USDTlong	0.0000%	1h	1.3353	long leg	$5K	$336K	20x
Nado GBPUSD-PERP	+0.0022%	1h	1.3356	+0.019%	$16K	$1K	40x	as long as short
Vest GBP-USD-PERP	+0.0039%	1h	1.3345	−0.059%	—	$5K	100x	as long as short
tradeXYZ xyz:GBP	+0.0045%	1h	1.3359	+0.045%	$248K	$351K	50x	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	+0.0184%	4h	1.3356	+0.022%	$26.0M	$252K	100x	as long as short
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3504	+1.128%	$11K	$72K	101x	as long as short
Bybit GBPUSDUSDT	+0.0526%	8h	1.3375	+0.163%	$270K	$67K	100x	as long as short