Settings8H · net · $10k
Funding arb · Price arb /

GBP

RWAall GBP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%
Price spread now: Bitget against Injective−2.667%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 2.667% cheaper against Injective than usual: you would sell low and buy high (−$267 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective GBPUSD/USDC PERP1.37500.0220pay 0.0028% / 1h15m 16s$12K$73K101x
ShortBitget GBPUSDUSDT1.33830get 0.0000% / 8h2h 15m$12K$12K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Injective. 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

Funding earned
−$46.2
Price spread: −2.667% → 0.000%
−$266.7
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$324.92
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Injective: no order-book sample; Bitget: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Bitget no order-book sample
Injective and Bitget: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

GBP on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado GBPUSD-PERP−0.0057%1h1.3386−2.644%$16K$7K40xas long as short
tradeXYZ xyz:GBP0.0000%1h1.3386−2.645%$238K$347K50xas long as short
Lighter GBPUSD0.0000%1h1.3382−2.675%$181K$999K50xas long as short
Bybit GBPUSDUSDT0.0000%8h1.3383−2.668%$246K$69K100xas long as short
Gate GBPUSD_USDT0.0000%8h1.3389−2.623%$222K$9K100xas long as short
Bitget GBPUSDUSDTshort0.0000%8h1.3383−2.667%$12K$12K100x
SunX GBPUSD-USDT0.0000%1h1.3386−2.645%$2.4M10xas long as short
Kraken Futures PF_GBPUSD0.0000%1h1.3376−2.715%$99120xas long as short
HTX GBPUSD-USDT0.0000%1h1.3397−2.565%$5K$334K20xas long as short
Vest GBP-USD-PERP+0.0038%1h1.3374−2.730%$38K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC GBP_USDT+0.0168%4h1.3384−2.660%$26.0M$259K100xas long as short
Injective GBPUSD/USDC PERPlong+0.0220%1h1.3750long leg$12K$73K101x
Hibachi GBP/USDT-P+0.0352%1h1.3384−2.663%$20K$40K20xas long as short