Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: tradeXYZ against Kraken Futures+0.050%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 tradeXYZ

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—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: tradeXYZ is 0.050% dearer against Kraken Futures than usual: you sell high and buy low, +$5 on $10k if it 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	1.3370	0	get 0.0000% / 1h	34m 15s	$991	—	20x
Short	tradeXYZ xyz:GBP	1.3377	0	get 0.0000% / 1h	34m 15s	$233K	$343K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → 0.000%: $4.98
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$23.02
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; tradeXYZ: live order book, 62 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 tradeXYZ live order book, 62 min ago	0.37 bp	10.1 bp −$10	13.9 bp −$139	doesn't fit	doesn't fit

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	−0.0069%	1h	1.3380	+0.072%	$16K	$7K	40x	as long as short
MEXC GBP_USDT	−0.0050%	4h	1.3376	+0.042%	$26.0M	$229K	100x	as long as short
tradeXYZ xyz:GBPshort	0.0000%	1h	1.3377	+0.050%	$233K	$343K	50x
Lighter GBPUSD	0.0000%	1h	1.3376	+0.039%	$181K	$999K	50x	as long as short
Bybit GBPUSDUSDT	0.0000%	8h	1.3377	+0.046%	$245K	$69K	100x	as long as short
Gate GBPUSD_USDT	0.0000%	8h	1.3387	+0.125%	$222K	$9K	100x	as long as short
Bitget GBPUSDUSDT	0.0000%	8h	1.3377	+0.050%	$12K	$13K	100x	as long as short
SunX GBPUSD-USDT	0.0000%	1h	1.3378	+0.057%	—	$2.4M	10x	as long as short
Kraken Futures PF_GBPUSDlong	0.0000%	1h	1.3370	long leg	$991	—	20x
HTX GBPUSD-USDT	0.0000%	1h	1.3392	+0.162%	$5K	$334K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GBP-USD-PERP	+0.0038%	1h	1.3369	−0.013%	—	$38K	100x	as long as short
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3512	+1.057%	$11K	$73K	101x	as long as short
Hibachi GBP/USDT-P	+0.0328%	1h	1.3381	+0.082%	$19K	$34K	20x	as long as short