Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: tradeXYZ against HTX−0.097%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$1341.338% of the position

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 4 days (all we have)−0.159%−$16 · spread now −0.097%, 7d avg −0.034%

Together, before fees−0.241%+ Points / potential airdroptradeXYZ: Active · farm board−$24 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: tradeXYZ is 0.063% cheaper against HTX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GBPUSD-USDT	1.3384	0	get 0.0000% / 1h	45m 08s	$5K	$338K	20x
Short	tradeXYZ xyz:GBP	1.3371	0	get 0.0000% / 1h	45m 08s	$257K	$357K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.097%Rate

Funding earned: $0
Price spread: −0.097% → −0.034%: −$6.32
Slippage, 4 orders: −$103.76
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$140.08
Costs to cover: 1.338%
Break-even: never at this rate

Slippage from HTX: live order book, 65 min ago; tradeXYZ: live order book, 58 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, 65 min ago	41.89 bp	48.1 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 58 min ago	0.37 bp	10.1 bp −$10	13.4 bp −$134	doesn't fit	doesn't fit

GBP on 13 exchanges

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
tradeXYZ xyz:GBPshort	0.0000%	1h	1.3371	−0.097%	$257K	$357K	50x
Lighter GBPUSD	0.0000%	1h	1.3366	−0.137%	$224K	$1.0M	50x	as long as short
Bybit GBPUSDUSDT	0.0000%	8h	1.3382	−0.015%	$247K	$104K	100x	as long as short
Gate GBPUSD_USDT	0.0000%	8h	1.3392	+0.060%	$222K	$14K	100x	as long as short
Bitget GBPUSDUSDT	0.0000%	8h	1.3367	−0.127%	$12K	$6K	100x	as long as short
Hibachi GBP/USDT-P	0.0000%	1h	1.3370	−0.106%	$24K	$44K	20x	as long as short
SunX GBPUSD-USDT	0.0000%	1h	1.3370	−0.105%	—	$1.7M	10x	as long as short
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3363	−0.154%	$990	—	20x	as long as short
HTX GBPUSD-USDTlong	0.0000%	1h	1.3384	long leg	$5K	$338K	20x
Nado GBPUSD-PERP	+0.0004%	1h	1.3371	−0.098%	$16K	$1K	40x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GBPUSD/USDC PERP	+0.0033%	1h	1.3504	+0.894%	$11K	$72K	101x	as long as short
Vest GBP-USD-PERP	+0.0038%	1h	1.3359	−0.189%	—	$5K	100x	as long as short
MEXC GBP_USDT	+0.0098%	4h	1.3368	−0.120%	$26.3M	$310K	100x	as long as short