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: SunX against HTX−0.067%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$310as in the Funding arb table

Net, price: spread back to 7d avg − costs−$313as in the Price arb table

costs, in and out, $10k−$3103.102% of the position

Long on HTX Short on SunX

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)−0.142%−$14 · spread now −0.067%, 7d avg −0.040%

Together, before fees−0.142%−$14 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: SunX is 0.027% cheaper against HTX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.040%.

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 40s	$5K	$336K	20x
Short	SunX GBPUSD-USDT	1.3357	0	get 0.0000% / 1h	43m 40s	—	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.067%Rate

Funding earned: $0
Price spread: −0.067% → −0.040%: −$2.72
Slippage, 4 orders: −$290.18
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$312.9
Costs to cover: 3.102%
Break-even: never at this rate

Slippage from HTX: live order book, 54 min ago; SunX: live order book, 3 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 SunX live order book, 3 min ago	80.86 bp	99.8 bp −$100	doesn't fit	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	−0.0056%	1h	1.3350	−0.117%	$22K	$45K	20x	as long as short
Lighter GBPUSD	0.0000%	1h	1.3347	−0.145%	$193K	$982K	50x	as long as short
Gate GBPUSD_USDT	0.0000%	8h	1.3380	+0.105%	$223K	$10K	100x	as long as short
Bitget GBPUSDUSDT	0.0000%	8h	1.3351	−0.112%	$12K	$9K	100x	as long as short
SunX GBPUSD-USDTshort	0.0000%	1h	1.3357	−0.067%	—	$2.3M	10x
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	1.3355	−0.082%	$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	+0.0170%	4h	1.3352	−0.105%	$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	1.3373	+0.053%	$270K	$67K	100x	as long as short