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% APRnext payment $0.28 per $10,000 · paid last 24h −0.066%
Price spread now: SunX against Injective−2.645%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 7 days−0.237%−$24 on $10k
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 SunX is 2.645% cheaper against Injective than usual: you would sell low and buy high (−$265 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% / 1h43m 12s$12K$73K101x
ShortSunX GBPUSD-USDT1.33860get 0.0000% / 1h43m 12s$2.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: −2.645% → 0.000%
−$264.51
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee SunX: 4 bp × 2 orders
−$8
Net
−$318.73
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Injective: no order-book sample; SunX: live order book, 4 min ago. 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 SunX live order book, 4 min ago81.05 bp100.2 bp −$100doesn't fitdoesn't fitdoesn't fit
Injective: 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−0.0064%1h1.3389−2.624%$16K$7K40xas long as short
tradeXYZ xyz:GBP0.0000%1h1.3386−2.645%$233K$342K50xas long as short
Lighter GBPUSD0.0000%1h1.3384−2.658%$181K$999K50xas long as short
Bybit GBPUSDUSDT0.0000%8h1.3377−2.711%$245K$69K100xas long as short
Gate GBPUSD_USDT0.0000%8h1.3389−2.623%$222K$9K100xas long as short
Bitget GBPUSDUSDT0.0000%8h1.3386−2.645%$12K$13K100xas long as short
SunX GBPUSD-USDTshort0.0000%1h1.3386−2.645%$2.4M10x
Kraken Futures PF_GBPUSD0.0000%1h1.3378−2.701%$99120xas long as short
HTX GBPUSD-USDT0.0000%1h1.3392−2.602%$5K$335K20xas long as short
Vest GBP-USD-PERP+0.0038%1h1.3377−2.709%$38K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC GBP_USDT+0.0200%4h1.3385−2.652%$26.0M$255K100xas long as short
Injective GBPUSD/USDC PERPlong+0.0220%1h1.3750long leg$12K$73K101x
Hibachi GBP/USDT-P+0.0368%1h1.3390−2.618%$19K$34K20xas long as short