Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against tradeXYZ+0.112%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$890.890% of the position

Long on tradeXYZ Short on HTX

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)+0.144%+$14 · spread now +0.112%, 7d avg +0.039%

Together, before fees+0.227%+ Points / potential airdroptradeXYZ: Active · farm board+$23 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: HTX is 0.073% dearer against tradeXYZ than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.039%.

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	37m 09s	$233K	$342K	50x
Short	HTX GBPUSD-USDT	1.3401	0	get 0.0000% / 1h	37m 09s	$5K	$334K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.112%Rate

Funding earned: $0
Price spread: +0.112% → +0.039%: $7.31
Slippage, 4 orders: −$59.02
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$81.7
Costs to cover: 0.890%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 49 min ago; HTX: live order book, 15 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, 49 min ago	1.12 bp	12.0 bp −$12	15.5 bp −$155	doesn't fit	doesn't fit
Sell HTX live order book, 15 min ago	17.17 bp	43.5 bp −$44	doesn't fit	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	−0.0062%	1h	1.3387	+0.010%	$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	1.3383	−0.025%	$181K	$999K	50x	as long as short
Bybit GBPUSDUSDT	0.0000%	8h	1.3377	−0.071%	$245K	$69K	100x	as long as short
Gate GBPUSD_USDT	0.0000%	8h	1.3387	+0.007%	$222K	$9K	100x	as long as short
Bitget GBPUSDUSDT	0.0000%	8h	1.3384	−0.015%	$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-USDTshort	0.0000%	1h	1.3401	+0.112%	$5K	$334K	20x
Vest GBP-USD-PERP	+0.0038%	1h	1.3375	−0.080%	—	$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	+0.0128%	4h	1.3385	−0.007%	$26.0M	$259K	100x	as long as short
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3521	+1.007%	$11K	$73K	101x	as long as short
Hibachi GBP/USDT-P	+0.0360%	1h	1.3388	+0.015%	$19K	$34K	20x	as long as short