Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h +0.014%

Price spread now: Gate against Nado+0.212%7-day average — · you sell dearer than you buy

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

Long on Nado Short on Gate

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—+ Points / potential airdropNado: Active · farm boardneeds both histories

The price spread pays, funding is against you. Gate is 0.212% dearer against Nado than usual: you sell high and buy low (spread +0.212% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado GBPUSD-PERP	1.3354	0.0010	pay 0.0001% / 1h	44m 31s	$16K	$1K	40x
Short	Gate GBPUSD_USDT	1.3382	0	get 0.0000% / 8h	7h 44m	$223K	$10K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Nado. 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 NadobpFee GatebpOrdersPrice spread, now +0.212%Rate

Funding earned: −$2.15
Price spread: +0.212% → 0.000%: $21.16
Slippage, 4 orders: no order book: not counted
Fee Nado: 0.7 bp × 2 orders: −$1.4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $2.61
Costs to cover: 0.164%
Break-even: from the start

Slippage unknown: Nado: no order-book sample; Gate: live order book, 47 min ago. 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 Nado no order-book sample	—	—	—	—	—
Sell Gate live order book, 47 min ago	2.61 bp	12.8 bp −$13	238.1 bp −$2,381	doesn't fit	doesn't fit

Nado: 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	−0.0056%	1h	1.3350	−0.026%	$22K	$45K	20x	as long as short
Lighter GBPUSD	0.0000%	1h	1.3348	−0.047%	$193K	$982K	50x	as long as short
Gate GBPUSD_USDTshort	0.0000%	8h	1.3382	+0.212%	$223K	$10K	100x
Bitget GBPUSDUSDT	0.0000%	8h	1.3353	−0.006%	$12K	$9K	100x	as long as short
SunX GBPUSD-USDT	0.0000%	1h	1.3359	+0.039%	—	$2.3M	10x	as long as short
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3347	−0.048%	$989	—	20x	as long as short
HTX GBPUSD-USDT	0.0000%	1h	1.3351	−0.021%	$5K	$336K	20x	as long as short
Nado GBPUSD-PERPlong	+0.0010%	1h	1.3354	long leg	$16K	$1K	40x
Vest GBP-USD-PERP	+0.0039%	1h	1.3343	−0.083%	—	$5K	100x	as long as short
tradeXYZ xyz:GBP	+0.0044%	1h	1.3356	+0.017%	$248K	$354K	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_USDT	+0.0180%	4h	1.3354	+0.002%	$26.0M	$252K	100x	as long as short
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3504	+1.122%	$11K	$72K	101x	as long as short
Bybit GBPUSDUSDT	+0.0459%	8h	1.3374	+0.148%	$270K	$67K	100x	as long as short