Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0158%/8h= −17.3% APRpaid last 24h −0.045%

Price spread now: SunX against MEXC+0.045%7-day average −0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$209as in the Funding arb table

Net, price: spread back to 7d avg − costs−$196as in the Price arb table

costs, in and out, $10k−$2082.083% of the position

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.045%, 7d avg −0.081%

Together, before fees−0.032%−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.126% dearer against MEXC than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of −0.081%): +$13 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.7 days. At the pace of the last 7 days (−0.003% in total) that is about 9 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GBP_USDT	1.3371	0.0158	pay 0.0079% / 4h	1h 14m	$26.0M	$257K	100x
Short	SunX GBPUSD-USDT	1.3377	0	get 0.0000% / 1h	14m 19s	—	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$33.18
Price spread: +0.045% → −0.081%: $12.63
Slippage, 4 orders: −$192.34
Fee MEXC: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$228.9
Costs to cover: 2.083%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 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 MEXC live order book, 4 min ago	1.12 bp	5.1 bp −$5	5.1 bp −$51	5.7 bp −$572	44.6 bp −$22.3K
Sell SunX live order book, 3 min ago	80.74 bp	99.5 bp −$99	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
Hibachi GBP/USDT-P	−0.0136%	1h	1.3369	−0.017%	$21K	$43K	20x	as long as short
Nado GBPUSD-PERP	−0.0029%	1h	1.3372	+0.010%	$16K	$1K	40x	as long as short
Lighter GBPUSD	0.0000%	1h	1.3369	−0.017%	$181K	$985K	50x	as long as short
Bybit GBPUSDUSDT	0.0000%	8h	1.3374	+0.025%	$246K	$69K	100x	as long as short
Gate GBPUSD_USDT	0.0000%	8h	1.3394	+0.172%	$222K	$9K	100x	as long as short
Bitget GBPUSDUSDT	0.0000%	8h	1.3370	−0.007%	$12K	$12K	100x	as long as short
SunX GBPUSD-USDTshort	0.0000%	1h	1.3377	+0.045%	—	$2.4M	10x
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3363	−0.057%	$990	—	20x	as long as short
HTX GBPUSD-USDT	0.0000%	1h	1.3391	+0.150%	$5K	$335K	20x	as long as short
Vest GBP-USD-PERP	+0.0038%	1h	1.3361	−0.076%	—	$19K	100x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GBP	+0.0039%	1h	1.3376	+0.037%	$247K	$351K	50x	as long as short
MEXC GBP_USDTlong	+0.0158%	4h	1.3371	long leg	$26.0M	$257K	100x
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3563	+1.434%	$11K	$72K	101x	as long as short