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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Lighter against HTX−0.144%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1161.158% of the position

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now −0.144%, 7d avg +0.017%

Together, before fees−0.056%+ Points / potential airdropLighter: Season 3 · farm board−$6 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: Lighter is 0.162% cheaper against HTX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GBPUSD-USDT	1.3366	0	get 0.0000% / 1h	43m 56s	$5K	$336K	20x
Short	Lighter GBPUSD	1.3347	0	get 0.0000% / 1h	43m 56s	$193K	$982K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.144%Rate

Funding earned: $0
Price spread: −0.144% → +0.017%: −$16.18
Slippage, 4 orders: −$103.81
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$131.99
Costs to cover: 1.158%
Break-even: never at this rate

Slippage from HTX: live order book, 54 min ago; Lighter: live order book, 51 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, 54 min ago	39.61 bp	50.2 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 51 min ago	1.42 bp	1.4 bp −$1	7.4 bp −$74	46.6 bp −$4,660	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	−0.0056%	1h	1.3350	−0.117%	$22K	$45K	20x	as long as short
Lighter GBPUSDshort	0.0000%	1h	1.3347	−0.144%	$193K	$982K	50x
Gate GBPUSD_USDT	0.0000%	8h	1.3380	+0.105%	$223K	$10K	100x	as long as short
Bitget GBPUSDUSDT	0.0000%	8h	1.3352	−0.105%	$12K	$9K	100x	as long as short
SunX GBPUSD-USDT	0.0000%	1h	1.3357	−0.067%	—	$2.3M	10x	as long as short
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3345	−0.155%	$989	—	20x	as long as short
HTX GBPUSD-USDTlong	0.0000%	1h	1.3366	long leg	$5K	$336K	20x
Nado GBPUSD-PERP	+0.0010%	1h	1.3354	−0.092%	$16K	$1K	40x	as long as short
Vest GBP-USD-PERP	+0.0039%	1h	1.3343	−0.174%	—	$5K	100x	as long as short
tradeXYZ xyz:GBP	+0.0045%	1h	1.3356	−0.075%	$248K	$354K	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	+0.0180%	4h	1.3353	−0.097%	$26.0M	$252K	100x	as long as short
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3504	+1.029%	$11K	$72K	101x	as long as short
Bybit GBPUSDUSDT	+0.0459%	8h	1.3374	+0.058%	$270K	$67K	100x	as long as short