Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0118%/8h= +12.9% APRpaid last 24h +0.045%

Price spread now: MEXC against HTX−0.157%7-day average +0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$770.772% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.107%−$11 · spread now −0.157%, 7d avg +0.040%

Together, before fees−0.104%−$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.197% cheaper against HTX than usual: you would sell low and buy high (spread −0.157% now, against its 7-day average of +0.040%). If the spread goes back, that is −$20 on $10k: about 5.6 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.003% in total) that is about 14 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GBPUSD-USDT	1.3405	0	get 0.0000% / 1h	47m 09s	$5K	$334K	20x
Short	MEXC GBP_USDT	1.3384	0.0118	get 0.0059% / 4h	3h 47m	$26.0M	$258K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.157%Rate

Funding earned: $24.78
Price spread: −0.157% → +0.040%: −$19.69
Slippage, 4 orders: −$57.15
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$72.07
Costs to cover: 0.772%
Break-even: 27.4 days

Slippage from HTX: live order book, 5 min ago; MEXC: live order book, 2 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, 5 min ago	17.17 bp	23.4 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.12 bp	5.1 bp −$5	5.1 bp −$51	5.9 bp −$595	42.4 bp −$21.2K

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	−0.0062%	1h	1.3388	−0.125%	$16K	$7K	40x	as long as short
tradeXYZ xyz:GBP	0.0000%	1h	1.3385	−0.149%	$233K	$342K	50x	as long as short
Lighter GBPUSD	0.0000%	1h	1.3383	−0.161%	$181K	$999K	50x	as long as short
Bybit GBPUSDUSDT	0.0000%	8h	1.3378	−0.204%	$245K	$69K	100x	as long as short
Gate GBPUSD_USDT	0.0000%	8h	1.3387	−0.134%	$222K	$9K	100x	as long as short
Bitget GBPUSDUSDT	0.0000%	8h	1.3385	−0.149%	$12K	$14K	100x	as long as short
SunX GBPUSD-USDT	0.0000%	1h	1.3385	−0.149%	—	$2.4M	10x	as long as short
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3379	−0.191%	$991	—	20x	as long as short
HTX GBPUSD-USDTlong	0.0000%	1h	1.3405	long leg	$5K	$334K	20x
Vest GBP-USD-PERP	+0.0038%	1h	1.3376	−0.214%	—	$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_USDTshort	+0.0118%	4h	1.3384	−0.157%	$26.0M	$258K	100x
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3519	+0.849%	$11K	$73K	101x	as long as short
Hibachi GBP/USDT-P	+0.0352%	1h	1.3387	−0.137%	$19K	$34K	20x	as long as short