Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0138%/8h= +15.1% APRpaid last 24h +0.045%

Price spread now: MEXC 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

Long on Kraken Futures Short on MEXC

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and MEXC is 0.042% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_GBPUSD	1.3368	0	get 0.0000% / 1h	52m 45s	$991	—	20x
Short	MEXC GBP_USDT	1.3374	0.0138	get 0.0069% / 4h	1h 52m	$26.0M	$255K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee Kraken FuturesbpFee MEXCbpOrdersPrice spread, now +0.042%Rate

Funding earned: $28.98
Price spread: +0.042% → 0.000%: $4.23
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: $15.21
Costs to cover: 0.180%
Break-even: 3.3 days

Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 1 min ago. Net counts fees only.

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 Kraken Futures no order-book sample	—	—	—	—	—
Sell MEXC live order book, 1 min ago	1.12 bp	5.1 bp −$5	5.7 bp −$57	6.9 bp −$690	42.7 bp −$21.4K

Kraken Futures: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado GBPUSD-PERP	−0.0059%	1h	1.3379	+0.078%	$16K	$7K	40x	as long as short
Lighter GBPUSD	0.0000%	1h	1.3374	+0.044%	$181K	$985K	50x	as long as short
Bybit GBPUSDUSDT	0.0000%	8h	1.3373	+0.038%	$246K	$69K	100x	as long as short
Gate GBPUSD_USDT	0.0000%	8h	1.3387	+0.140%	$222K	$9K	100x	as long as short
Bitget GBPUSDUSDT	0.0000%	8h	1.3376	+0.057%	$12K	$12K	100x	as long as short
SunX GBPUSD-USDT	0.0000%	1h	1.3382	+0.102%	—	$2.4M	10x	as long as short
Kraken Futures PF_GBPUSDlong	0.0000%	1h	1.3368	long leg	$991	—	20x
HTX GBPUSD-USDT	0.0000%	1h	1.3390	+0.162%	$5K	$334K	20x	as long as short
Vest GBP-USD-PERP	+0.0038%	1h	1.3367	−0.008%	—	$25K	100x	as long as short
tradeXYZ xyz:GBP	+0.0086%	1h	1.3380	+0.087%	$247K	$351K	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_USDTshort	+0.0138%	4h	1.3374	+0.042%	$26.0M	$255K	100x
Hibachi GBP/USDT-P	+0.0160%	1h	1.3375	+0.048%	$21K	$43K	20x	as long as short
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3523	+1.155%	$11K	$72K	101x	as long as short