Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against SunX+0.112%7-day average +0.179% · you sell dearer than you buy

Net, funding: paid 7d − costs−$240as in the Funding arb table

Net, price: spread back to 7d avg − costs−$246as in the Price arb table

costs, in and out, $10k−$2402.396% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.112%, 7d avg +0.179%

Together, before fees+0.034%+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.067% cheaper against SunX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.179%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX GBPUSD-USDT	1.3372	0	get 0.0000% / 1h	40m 33s	—	$2.4M	10x
Short	Gate GBPUSD_USDT	1.3387	0	get 0.0000% / 8h	40m 33s	$222K	$9K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SunX. 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 SunXbpFee GatebpOrdersPrice spread, now +0.112%Rate

Funding earned: $0
Price spread: +0.112% → +0.179%: −$6.7
Slippage, 4 orders: −$216.65
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$246.35
Costs to cover: 2.396%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; Gate: live order book, 56 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 SunX live order book, 6 min ago	80.38 bp	98.3 bp −$98	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 56 min ago	1.49 bp	17.8 bp −$18	208.8 bp −$2,088	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	−0.0080%	1h	1.3368	−0.029%	$22K	$44K	20x	as long as short
Nado GBPUSD-PERP	−0.0016%	1h	1.3373	+0.008%	$16K	$1K	40x	as long as short
Lighter GBPUSD	0.0000%	1h	1.3368	−0.027%	$181K	$972K	50x	as long as short
Bybit GBPUSDUSDT	0.0000%	8h	1.3376	+0.032%	$246K	$62K	100x	as long as short
Gate GBPUSD_USDTshort	0.0000%	8h	1.3387	+0.112%	$222K	$9K	100x
Bitget GBPUSDUSDT	0.0000%	8h	1.3369	−0.022%	$12K	$11K	100x	as long as short
SunX GBPUSD-USDTlong	0.0000%	1h	1.3372	long leg	—	$2.4M	10x
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3363	−0.065%	$990	—	20x	as long as short
HTX GBPUSD-USDT	0.0000%	1h	1.3372	0.000%	$5K	$335K	20x	as long as short
Vest GBP-USD-PERP	+0.0039%	1h	1.3361	−0.082%	—	$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	+0.0066%	1h	1.3374	+0.015%	$246K	$351K	50x	as long as short
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3510	+1.030%	$11K	$72K	101x	as long as short
MEXC GBP_USDT	+0.0248%	4h	1.3369	−0.022%	$26.0M	$253K	100x	as long as short