Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0138%/8h= −15.1% APRpaid last 24h −0.045%

Price spread now: Kraken Futures against MEXC−0.042%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 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—needs both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Kraken Futures is 0.042% 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	1.3374	0.0138	pay 0.0069% / 4h	1h 52m	$26.0M	$255K	100x
Short	Kraken Futures PF_GBPUSD	1.3368	0	get 0.0000% / 1h	52m 45s	$991	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$28.98
Price spread: −0.042% → 0.000%: −$4.23
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$51.21
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: MEXC: 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 MEXC live order book, 1 min ago	1.12 bp	5.1 bp −$5	5.4 bp −$54	6.2 bp −$622	39.5 bp −$19.8K
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 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	+0.035%	$16K	$7K	40x	as long as short
Lighter GBPUSD	0.0000%	1h	1.3374	+0.001%	$181K	$985K	50x	as long as short
Bybit GBPUSDUSDT	0.0000%	8h	1.3373	−0.004%	$246K	$69K	100x	as long as short
Gate GBPUSD_USDT	0.0000%	8h	1.3387	+0.097%	$222K	$9K	100x	as long as short
Bitget GBPUSDUSDT	0.0000%	8h	1.3376	+0.015%	$12K	$12K	100x	as long as short
SunX GBPUSD-USDT	0.0000%	1h	1.3382	+0.060%	—	$2.4M	10x	as long as short
Kraken Futures PF_GBPUSDshort	0.0000%	1h	1.3368	−0.042%	$991	—	20x
HTX GBPUSD-USDT	0.0000%	1h	1.3390	+0.120%	$5K	$334K	20x	as long as short
Vest GBP-USD-PERP	+0.0038%	1h	1.3367	−0.050%	—	$25K	100x	as long as short
tradeXYZ xyz:GBP	+0.0086%	1h	1.3380	+0.045%	$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_USDTlong	+0.0138%	4h	1.3374	long leg	$26.0M	$255K	100x
Hibachi GBP/USDT-P	+0.0160%	1h	1.3375	+0.006%	$21K	$43K	20x	as long as short
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3523	+1.113%	$11K	$72K	101x	as long as short