Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0150%/8h= −16.4% APRpaid last 24h −0.045%

Price spread now: tradeXYZ against MEXC+0.030%7-day average −0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$330.330% of the position

Long on MEXC Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 4 days (all we have)−0.108%−$11 · spread now +0.030%, 7d avg −0.077%

Together, before fees−0.195%+ Points / potential airdroptradeXYZ: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.107% dearer against MEXC than usual: you sell high and buy low (spread +0.030% now, against its 7-day average of −0.077%): +$11 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 7 days (−0.086% in total) that is about 8.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GBP_USDT	1.3383	0.0150	pay 0.0075% / 4h	2h 08m	$26.0M	$259K	100x
Short	tradeXYZ xyz:GBP	1.3387	0	get 0.0000% / 1h	8m 17s	$242K	$349K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$31.5
Price spread: +0.030% → −0.077%: $10.72
Slippage, 4 orders: −$6.98
Fee MEXC: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$53.76
Costs to cover: 0.330%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; tradeXYZ: live order book, 68 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, 5 min ago	1.12 bp	5.1 bp −$5	5.1 bp −$51	6.2 bp −$621	60.7 bp −$30.4K
Sell tradeXYZ live order book, 68 min ago	1.12 bp	10.1 bp −$10	12.6 bp −$126	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
Nado GBPUSD-PERP	−0.0057%	1h	1.3386	+0.019%	$16K	$7K	40x	as long as short
tradeXYZ xyz:GBPshort	0.0000%	1h	1.3387	+0.030%	$242K	$349K	50x
Lighter GBPUSD	0.0000%	1h	1.3381	−0.012%	$181K	$999K	50x	as long as short
Bybit GBPUSDUSDT	0.0000%	8h	1.3380	−0.023%	$246K	$69K	100x	as long as short
Gate GBPUSD_USDT	0.0000%	8h	1.3389	+0.045%	$222K	$9K	100x	as long as short
Bitget GBPUSDUSDT	0.0000%	8h	1.3382	−0.007%	$12K	$12K	100x	as long as short
SunX GBPUSD-USDT	0.0000%	1h	1.3387	+0.030%	—	$2.4M	10x	as long as short
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3375	−0.057%	$991	—	20x	as long as short
HTX GBPUSD-USDT	0.0000%	1h	1.3403	+0.149%	$5K	$334K	20x	as long as short
Vest GBP-USD-PERP	+0.0038%	1h	1.3374	−0.071%	—	$38K	100x	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	+0.0150%	4h	1.3383	long leg	$26.0M	$259K	100x
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3750	+2.740%	$12K	$73K	101x	as long as short
Hibachi GBP/USDT-P	+0.0304%	1h	1.3379	−0.028%	$21K	$43K	20x	as long as short