Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Kraken Futures against Lighter−0.023%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Kraken Futures

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 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: Kraken Futures is 0.023% cheaper against Lighter than usual: you would sell low and buy high, −$2 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	1.3363	0	get 0.0000% / 1h	2m 07s	$225K	$1.0M	50x
Short	Kraken Futures PF_GBPUSD	1.3360	0	get 0.0000% / 1h	2m 07s	$990	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → 0.000%: −$2.29
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$12.29
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 1 min ago; Kraken Futures: 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, 1 min ago	0.79 bp	5.3 bp −$5	12.6 bp −$126	56.1 bp −$5,609	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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 exchanges

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
Lighter GBPUSDlong	0.0000%	1h	1.3363	long leg	$225K	$1.0M	50x
Bybit GBPUSDUSDT	0.0000%	8h	1.3368	+0.034%	$248K	$104K	100x	as long as short
Gate GBPUSD_USDT	0.0000%	8h	1.3385	+0.162%	$222K	$15K	100x	as long as short
Bitget GBPUSDUSDT	0.0000%	8h	1.3367	+0.027%	$12K	$6K	100x	as long as short
SunX GBPUSD-USDT	0.0000%	1h	1.3373	+0.072%	—	$1.6M	10x	as long as short
Kraken Futures PF_GBPUSDshort	0.0000%	1h	1.3360	−0.023%	$990	—	20x
HTX GBPUSD-USDT	0.0000%	1h	1.3393	+0.222%	$5K	$337K	20x	as long as short
Nado GBPUSD-PERP	+0.0005%	1h	1.3369	+0.043%	$16K	$1K	40x	as long as short
tradeXYZ xyz:GBP	+0.0008%	1h	1.3370	+0.049%	$257K	$161K	50x	as long as short
Injective GBPUSD/USDC PERP	+0.0033%	1h	1.3508	+1.080%	$11K	$72K	101x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GBP-USD-PERP	+0.0038%	1h	1.3357	−0.048%	—	$1	100x	as long as short
Hibachi GBP/USDT-P	+0.0168%	1h	1.3369	+0.045%	$24K	$45K	20x	as long as short
MEXC GBP_USDT	+0.0172%	4h	1.3367	+0.027%	$26.3M	$314K	100x	as long as short