Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Lighter+0.031%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.031% dearer against Lighter than usual: you sell high and buy low, +$3 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	Lighter GBPUSD	1.3371	0	get 0.0000% / 1h	28m 30s	$181K	$999K	50x
Short	Bitget GBPUSDUSDT	1.3375	0	get 0.0000% / 8h	5h 28m	$12K	$13K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Lighter. 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 LighterbpFee BitgetbpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → 0.000%: $3.07
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$8.93
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 32 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 32 min ago	1.24 bp	5.1 bp −$5	13.4 bp −$134	60.8 bp −$6,081	doesn't fit
Sell Bitget no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC GBP_USDT	−0.0076%	4h	1.3373	+0.016%	$26.0M	$213K	100x	as long as short
Nado GBPUSD-PERP	−0.0056%	1h	1.3376	+0.038%	$16K	$7K	40x	as long as short
tradeXYZ xyz:GBP	0.0000%	1h	1.3373	+0.016%	$233K	$344K	50x	as long as short
Lighter GBPUSDlong	0.0000%	1h	1.3371	long leg	$181K	$999K	50x
Bybit GBPUSDUSDT	0.0000%	8h	1.3375	+0.029%	$245K	$69K	100x	as long as short
Gate GBPUSD_USDT	0.0000%	8h	1.3386	+0.113%	$222K	$9K	100x	as long as short
Bitget GBPUSDUSDTshort	0.0000%	8h	1.3375	+0.031%	$12K	$13K	100x
SunX GBPUSD-USDT	0.0000%	1h	1.3374	+0.023%	—	$2.4M	10x	as long as short
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3372	+0.011%	$991	—	20x	as long as short
HTX GBPUSD-USDT	0.0000%	1h	1.3393	+0.165%	$5K	$333K	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	1.3364	−0.048%	—	$38K	100x	as long as short
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3509	+1.031%	$11K	$73K	101x	as long as short
Hibachi GBP/USDT-P	+0.0312%	1h	1.3377	+0.043%	$19K	$34K	20x	as long as short