Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against tradeXYZ+0.022%7-day average +0.182% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$970.970% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 4 days (all we have)+0.215%+$22 · spread now +0.022%, 7d avg +0.182%

Together, before fees+0.298%+ Points / potential airdroptradeXYZ: Active · farm board+$30 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 0.159% cheaper against tradeXYZ than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.182%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GBP	1.3386	0	get 0.0000% / 1h	44m 56s	$233K	$342K	50x
Short	Gate GBPUSD_USDT	1.3389	0	get 0.0000% / 8h	2h 44m	$222K	$9K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → +0.182%: −$15.92
Slippage, 4 orders: −$64.03
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$112.96
Costs to cover: 0.970%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 31 min ago; Gate: live order book, 62 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 tradeXYZ live order book, 31 min ago	1.12 bp	11.9 bp −$12	15.4 bp −$154	doesn't fit	doesn't fit
Sell Gate live order book, 62 min ago	1.49 bp	11.7 bp −$12	211.3 bp −$2,113	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	−0.0065%	1h	1.3388	+0.017%	$16K	$7K	40x	as long as short
tradeXYZ xyz:GBPlong	0.0000%	1h	1.3386	long leg	$233K	$342K	50x
Lighter GBPUSD	0.0000%	1h	1.3384	−0.017%	$181K	$999K	50x	as long as short
Bybit GBPUSDUSDT	0.0000%	8h	1.3377	−0.069%	$245K	$69K	100x	as long as short
Gate GBPUSD_USDTshort	0.0000%	8h	1.3389	+0.022%	$222K	$9K	100x
Bitget GBPUSDUSDT	0.0000%	8h	1.3386	0.000%	$12K	$13K	100x	as long as short
SunX GBPUSD-USDT	0.0000%	1h	1.3386	0.000%	—	$2.4M	10x	as long as short
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3378	−0.057%	$991	—	20x	as long as short
HTX GBPUSD-USDT	0.0000%	1h	1.3379	−0.052%	$5K	$335K	20x	as long as short
Vest GBP-USD-PERP	+0.0038%	1h	1.3376	−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_USDT	+0.0196%	4h	1.3386	0.000%	$26.0M	$255K	100x	as long as short
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3750	+2.717%	$12K	$73K	101x	as long as short
Hibachi GBP/USDT-P	+0.0368%	1h	1.3390	+0.027%	$19K	$34K	20x	as long as short