GBP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0328%/8h= +35.9% APRnext payment +$0.41 per $10,000 · paid last 24h +0.056%

Price spread now: Hibachi 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 Hibachi

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 · Hibachi: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Hibachi is 0.031% dearer against Lighter than usual: you sell high and buy low: +$3 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	Lighter GBPUSD	1.3376	0	get 0.0000% / 1h	35m 47s	$181K	$999K	50x
Short	Hibachi GBP/USDT-P	1.3380	0.0328	get 0.0041% / 1h	35m 47s	$19K	$34K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi 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 HibachibpOrdersPrice spread, now +0.031%Rate

Funding earned: $68.88
Price spread: +0.031% → 0.000%: $3.14
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $63.02
Costs to cover: 0.090%
Break-even: 0.6 days

Slippage unknown: Lighter: live order book, 20 min ago; Hibachi: 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, 20 min ago	1.16 bp	3.8 bp −$4	12.2 bp −$122	55.6 bp −$5,564	doesn't fit
Sell Hibachi no order-book sample	—	—	—	—	—

Hibachi: 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	−0.0070%	1h	1.3381	+0.035%	$16K	$7K	40x	as long as short
MEXC GBP_USDT	−0.0048%	4h	1.3377	+0.007%	$26.0M	$228K	100x	as long as short
tradeXYZ xyz:GBP	0.0000%	1h	1.3377	+0.007%	$233K	$343K	50x	as long as short
Lighter GBPUSDlong	0.0000%	1h	1.3376	long leg	$181K	$999K	50x
Bybit GBPUSDUSDT	0.0000%	8h	1.3377	+0.010%	$245K	$69K	100x	as long as short
Gate GBPUSD_USDT	0.0000%	8h	1.3388	+0.089%	$222K	$9K	100x	as long as short
Bitget GBPUSDUSDT	0.0000%	8h	1.3378	+0.014%	$12K	$13K	100x	as long as short
SunX GBPUSD-USDT	0.0000%	1h	1.3377	+0.007%	—	$2.4M	10x	as long as short
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3371	−0.036%	$991	—	20x	as long as short
HTX GBPUSD-USDT	0.0000%	1h	1.3396	+0.149%	$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	−0.052%	—	$38K	100x	as long as short
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3512	+1.014%	$11K	$73K	101x	as long as short
Hibachi GBP/USDT-Pshort	+0.0328%	1h	1.3380	+0.031%	$19K	$34K	20x