Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0216%/8h= −23.7% APRpaid last 24h −0.054%

Price spread now: Bitget against MEXC−0.037%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.037% cheaper against MEXC than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GBP_USDT	1.3359	0.0216	pay 0.0108% / 4h	2h 57m	$26.3M	$335K	100x
Short	Bitget GBPUSDUSDT	1.3354	0	get 0.0000% / 8h	6h 57m	$12K	$8K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$45.36
Price spread: −0.037% → 0.000%: −$3.74
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$69.1
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 1 min ago; Bitget: 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 MEXC live order book, 1 min ago	1.12 bp	5.8 bp −$6	5.9 bp −$59	8.8 bp −$882	89.3 bp −$44.7K
Sell Bitget no order-book sample	—	—	—	—	—

Bitget: 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
Hibachi GBP/USDT-P	−0.0080%	1h	1.3356	−0.020%	$22K	$42K	20x	as long as short
tradeXYZ xyz:GBP	0.0000%	1h	1.3359	0.000%	$257K	$360K	50x	as long as short
Lighter GBPUSD	0.0000%	1h	1.3352	−0.052%	$221K	$1.0M	50x	as long as short
Bybit GBPUSDUSDT	0.0000%	8h	1.3352	−0.051%	$241K	$99K	100x	as long as short
Gate GBPUSD_USDT	0.0000%	8h	1.3365	+0.045%	$221K	$14K	100x	as long as short
Bitget GBPUSDUSDTshort	0.0000%	8h	1.3354	−0.037%	$12K	$8K	100x
SunX GBPUSD-USDT	0.0000%	1h	1.3357	−0.015%	—	$2.1M	10x	as long as short
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3350	−0.065%	$989	—	20x	as long as short
HTX GBPUSD-USDT	0.0000%	1h	1.3378	+0.142%	$5K	$336K	20x	as long as short
Nado GBPUSD-PERP	+0.0014%	1h	1.3359	+0.002%	$16K	$1K	40x	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	1.3347	−0.089%	—	$5K	100x	as long as short
MEXC GBP_USDTlong	+0.0216%	4h	1.3359	long leg	$26.3M	$335K	100x
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3504	+1.082%	$11K	$72K	101x	as long as short