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

GBP

RWAall GBP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against Kraken Futures+0.042%7-day average · you sell dearer than you buy
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.042% dearer against Kraken Futures than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_GBPUSD1.33450get 0.0000% / 1h43m 44s$98920x
ShortBitget GBPUSDUSDT1.33510get 0.0000% / 8h7h 43m$12K$9K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Kraken Futures. 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
$0
Price spread: +0.042% → 0.000%
$4.24
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$17.76
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Kraken Futures: 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 Kraken Futures no order-book sample
Sell Bitget no order-book sample
Kraken Futures 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
Hibachi GBP/USDT-P−0.0056%1h1.3350+0.037%$22K$45K20xas long as short
Lighter GBPUSD0.0000%1h1.3347+0.009%$193K$982K50xas long as short
Gate GBPUSD_USDT0.0000%8h1.3380+0.260%$223K$10K100xas long as short
Bitget GBPUSDUSDTshort0.0000%8h1.3351+0.042%$12K$9K100x
SunX GBPUSD-USDT0.0000%1h1.3357+0.087%$2.3M10xas long as short
Kraken Futures PF_GBPUSDlong0.0000%1h1.3345long leg$98920x
HTX GBPUSD-USDT0.0000%1h1.3366+0.155%$5K$336K20xas long as short
Nado GBPUSD-PERP+0.0010%1h1.3354+0.063%$16K$1K40xas long as short
Vest GBP-USD-PERP+0.0039%1h1.3343−0.020%$5K100xas long as short
tradeXYZ xyz:GBP+0.0045%1h1.3355+0.072%$248K$354K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC GBP_USDT+0.0170%4h1.3352+0.050%$26.0M$252K100xas long as short
Injective GBPUSD/USDC PERP+0.0220%1h1.3504+1.186%$11K$72K101xas long as short
Bybit GBPUSDUSDT+0.0459%8h1.3373+0.208%$270K$67K100xas long as short