Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Lighter+0.034%7-day average +0.121% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$790.793% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.034%, 7d avg +0.121%

Together, before fees−0.014%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.087% cheaper against Lighter than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.121%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter GBPUSD	1.3384	0	get 0.0000% / 1h	50m 24s	$181K	$999K	50x
Short	Gate GBPUSD_USDT	1.3389	0	get 0.0000% / 8h	2h 50m	$222K	$9K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.034%Rate

Funding earned: $0
Price spread: +0.034% → +0.121%: −$8.69
Slippage, 4 orders: −$64.28
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$87.97
Costs to cover: 0.793%
Break-even: never at this rate

Slippage from Lighter: live order book, 60 min ago; Gate: live order book, 56 min ago.

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, 60 min ago	1.01 bp	3.3 bp −$3	11.3 bp −$113	52.4 bp −$5,243	doesn't fit
Sell Gate live order book, 56 min ago	1.49 bp	11.7 bp −$12	211.3 bp −$2,113	doesn't fit	doesn't fit

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	−0.0066%	1h	1.3389	+0.037%	$16K	$7K	40x	as long as short
tradeXYZ xyz:GBP	0.0000%	1h	1.3386	+0.012%	$233K	$342K	50x	as long as short
Lighter GBPUSDlong	0.0000%	1h	1.3384	long leg	$181K	$999K	50x
Bybit GBPUSDUSDT	0.0000%	8h	1.3377	−0.054%	$245K	$69K	100x	as long as short
Gate GBPUSD_USDTshort	0.0000%	8h	1.3389	+0.034%	$222K	$9K	100x
Bitget GBPUSDUSDT	0.0000%	8h	1.3387	+0.019%	$12K	$13K	100x	as long as short
SunX GBPUSD-USDT	0.0000%	1h	1.3387	+0.019%	—	$2.4M	10x	as long as short
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3379	−0.038%	$991	—	20x	as long as short
HTX GBPUSD-USDT	0.0000%	1h	1.3393	+0.064%	$5K	$335K	20x	as long as short
Vest GBP-USD-PERP	+0.0038%	1h	1.3377	−0.053%	—	$38K	100x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC GBP_USDT	+0.0184%	4h	1.3386	+0.012%	$26.0M	$255K	100x	as long as short
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3750	+2.729%	$12K	$73K	101x	as long as short
Hibachi GBP/USDT-P	+0.0368%	1h	1.3390	+0.042%	$19K	$34K	20x	as long as short