Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Lighter+0.048%7-day average −0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$203as in the Funding arb table

Net, price: spread back to 7d avg − costs−$191as in the Price arb table

costs, in and out, $10k−$2012.013% of the position

Long on Lighter Short on SunX

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)+0.017%+$2 · spread now +0.048%, 7d avg −0.055%

Together, before fees+0.002%+ Points / potential airdropLighter: Season 3 · farm board$0 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: SunX is 0.102% dearer against Lighter than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter GBPUSD	1.3359	0	get 0.0000% / 1h	46m 36s	$225K	$1.0M	50x
Short	SunX GBPUSD-USDT	1.3365	0	get 0.0000% / 1h	46m 36s	—	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.048%Rate

Funding earned: $0
Price spread: +0.048% → −0.055%: $10.25
Slippage, 4 orders: −$193.28
Fee Lighter: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$191.04
Costs to cover: 2.013%
Break-even: never at this rate

Slippage from Lighter: live order book, 2 min ago; SunX: live order book, 3 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, 2 min ago	0.04 bp	0.5 bp −$1	10.8 bp −$108	55.9 bp −$5,593	doesn't fit
Sell SunX live order book, 3 min ago	80.43 bp	99.1 bp −$99	doesn't fit	doesn't fit	doesn't fit

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	1.3359	long leg	$225K	$1.0M	50x
Bybit GBPUSDUSDT	0.0000%	8h	1.3362	+0.025%	$247K	$104K	100x	as long as short
Gate GBPUSD_USDT	0.0000%	8h	1.3381	+0.168%	$222K	$15K	100x	as long as short
Bitget GBPUSDUSDT	0.0000%	8h	1.3362	+0.025%	$12K	$6K	100x	as long as short
SunX GBPUSD-USDTshort	0.0000%	1h	1.3365	+0.048%	—	$1.6M	10x
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3359	+0.006%	$990	—	20x	as long as short
HTX GBPUSD-USDT	0.0000%	1h	1.3382	+0.175%	$5K	$337K	20x	as long as short
Nado GBPUSD-PERP	+0.0010%	1h	1.3368	+0.071%	$16K	$1K	40x	as long as short
tradeXYZ xyz:GBP	+0.0027%	1h	1.3365	+0.048%	$255K	$162K	50x	as long as short
Vest GBP-USD-PERP	+0.0038%	1h	1.3355	−0.025%	—	$1	100x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC GBP_USDT	+0.0178%	4h	1.3363	+0.033%	$26.3M	$314K	100x	as long as short
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3363	+0.035%	$8K	$76K	101x	as long as short
Hibachi GBP/USDT-P	+0.0248%	1h	1.3369	+0.075%	$25K	$46K	20x	as long as short