Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Lighter+0.118%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$660.661% of the position

Long on Lighter Short on HTX

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)+0.147%+$15 · spread now +0.118%, 7d avg −0.018%

Together, before fees+0.131%+ Points / potential airdropLighter: Season 3 · farm board+$13 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: HTX is 0.136% dearer against Lighter than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter GBPUSD	1.3374	0	get 0.0000% / 1h	52m 48s	$181K	$985K	50x
Short	HTX GBPUSD-USDT	1.3390	0	get 0.0000% / 1h	52m 48s	$5K	$334K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.118%Rate

Funding earned: $0
Price spread: +0.118% → −0.018%: $13.64
Slippage, 4 orders: −$54.13
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$52.5
Costs to cover: 0.661%
Break-even: never at this rate

Slippage from Lighter: live order book, 53 min ago; HTX: live order book, 55 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, 53 min ago	0.71 bp	3.6 bp −$4	11.4 bp −$114	51.3 bp −$5,126	doesn't fit
Sell HTX live order book, 55 min ago	17.17 bp	38.4 bp −$38	doesn't fit	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	−0.0059%	1h	1.3379	+0.034%	$16K	$7K	40x	as long as short
Lighter GBPUSDlong	0.0000%	1h	1.3374	long leg	$181K	$985K	50x
Bybit GBPUSDUSDT	0.0000%	8h	1.3373	−0.006%	$246K	$69K	100x	as long as short
Gate GBPUSD_USDT	0.0000%	8h	1.3387	+0.096%	$222K	$9K	100x	as long as short
Bitget GBPUSDUSDT	0.0000%	8h	1.3376	+0.013%	$12K	$12K	100x	as long as short
SunX GBPUSD-USDT	0.0000%	1h	1.3382	+0.058%	—	$2.4M	10x	as long as short
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3368	−0.044%	$991	—	20x	as long as short
HTX GBPUSD-USDTshort	0.0000%	1h	1.3390	+0.118%	$5K	$334K	20x
Vest GBP-USD-PERP	+0.0038%	1h	1.3367	−0.052%	—	$25K	100x	as long as short
tradeXYZ xyz:GBP	+0.0086%	1h	1.3380	+0.043%	$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_USDT	+0.0138%	4h	1.3374	−0.001%	$26.0M	$255K	100x	as long as short
Hibachi GBP/USDT-P	+0.0160%	1h	1.3375	+0.004%	$21K	$43K	20x	as long as short
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3523	+1.111%	$11K	$72K	101x	as long as short