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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Kraken Futures against SunX−0.012%7-day average — · you buy dearer than you sell

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

Long on SunX 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

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	37m 08s	—	$2.4M	10x
Short	Kraken Futures PF_GBPUSD	1.3370	0	get 0.0000% / 1h	37m 08s	$991	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.012%Rate

Funding earned: $0
Price spread: −0.012% → 0.000%: −$1.24
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$19.24
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 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 SunX live order book, 10 min ago	80.38 bp	98.3 bp −$98	doesn't fit	doesn't fit	doesn't fit
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
Hibachi GBP/USDT-P	−0.0072%	1h	1.3370	−0.012%	$22K	$44K	20x	as long as short
Nado GBPUSD-PERP	−0.0020%	1h	1.3374	+0.015%	$16K	$1K	40x	as long as short
Lighter GBPUSD	0.0000%	1h	1.3370	−0.015%	$181K	$972K	50x	as long as short
Bybit GBPUSDUSDT	0.0000%	8h	1.3377	+0.037%	$246K	$62K	100x	as long as short
Gate GBPUSD_USDT	0.0000%	8h	1.3387	+0.112%	$222K	$9K	100x	as long as short
Bitget GBPUSDUSDT	0.0000%	8h	1.3371	−0.007%	$12K	$11K	100x	as long as short
SunX GBPUSD-USDTlong	0.0000%	1h	1.3372	long leg	—	$2.4M	10x
Kraken Futures PF_GBPUSDshort	0.0000%	1h	1.3370	−0.012%	$991	—	20x
HTX GBPUSD-USDT	0.0000%	1h	1.3373	+0.007%	$5K	$335K	20x	as long as short
Vest GBP-USD-PERP	+0.0039%	1h	1.3363	−0.071%	—	$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	+0.0049%	1h	1.3375	+0.022%	$247K	$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	+0.0240%	4h	1.3371	−0.007%	$26.0M	$253K	100x	as long as short