Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h 0.000%

Price spread now: Bitget against tradeXYZ−0.045%7-day average — · you buy dearer than you sell

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

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.045% cheaper against tradeXYZ than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GBP	1.3381	0.0084	pay 0.0011% / 1h	52m 55s	$247K	$351K	50x
Short	Bitget GBPUSDUSDT	1.3375	0	get 0.0000% / 8h	1h 52m	$12K	$12K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against tradeXYZ. 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 tradeXYZbpFee BitgetbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$17.69
Price spread: −0.045% → 0.000%: −$4.48
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$52.18
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 13 min ago; Bitget: 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 tradeXYZ live order book, 13 min ago	1.12 bp	11.4 bp −$11	12.9 bp −$129	doesn't fit	doesn't fit
Sell Bitget no order-book sample	—	—	—	—	—

Bitget: 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
Nado GBPUSD-PERP	−0.0059%	1h	1.3379	−0.017%	$16K	$7K	40x	as long as short
Lighter GBPUSD	0.0000%	1h	1.3374	−0.051%	$181K	$985K	50x	as long as short
Bybit GBPUSDUSDT	0.0000%	8h	1.3375	−0.049%	$246K	$69K	100x	as long as short
Gate GBPUSD_USDT	0.0000%	8h	1.3387	+0.045%	$222K	$9K	100x	as long as short
Bitget GBPUSDUSDTshort	0.0000%	8h	1.3375	−0.045%	$12K	$12K	100x
SunX GBPUSD-USDT	0.0000%	1h	1.3382	+0.007%	—	$2.4M	10x	as long as short
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3368	−0.095%	$991	—	20x	as long as short
HTX GBPUSD-USDT	0.0000%	1h	1.3390	+0.067%	$5K	$334K	20x	as long as short
Vest GBP-USD-PERP	+0.0038%	1h	1.3367	−0.102%	—	$25K	100x	as long as short
tradeXYZ xyz:GBPlong	+0.0084%	1h	1.3381	long leg	$247K	$351K	50x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC GBP_USDT	+0.0138%	4h	1.3374	−0.052%	$26.0M	$255K	100x	as long as short
Hibachi GBP/USDT-P	+0.0160%	1h	1.3375	−0.046%	$21K	$43K	20x	as long as short
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3523	+1.060%	$11K	$72K	101x	as long as short