Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0130%/8h= +14.2% APRpaid last 24h +0.032%

Price spread now: MEXC against tradeXYZ−0.022%7-day average +0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on tradeXYZ Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.022%, 7d avg +0.081%

Together, before fees+0.171%+ Points / potential airdroptradeXYZ: Active · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.104% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.022% now, against its 7-day average of +0.081%). If the spread goes back, that is −$10 on $10k: about 2.7 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.084% in total) that is about 8.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GBP	1.3366	0	get 0.0000% / 1h	13m 39s	$232K	$345K	50x
Short	MEXC GBP_USDT	1.3363	0.0130	get 0.0065% / 4h	2h 13m	$25.8M	$186K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.022%Rate

Funding earned: $27.3
Price spread: −0.022% → +0.081%: −$10.37
Slippage, 4 orders: −$6.92
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$15.99
Costs to cover: 0.329%
Break-even: 11.1 days

Slippage from tradeXYZ: live order book, 33 min ago; MEXC: live order book, 5 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, 33 min ago	0.75 bp	12.3 bp −$12	15.2 bp −$152	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.12 bp	5.1 bp −$5	5.6 bp −$56	6.2 bp −$622	34.3 bp −$17.1K

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	−0.0061%	1h	1.3366	+0.003%	$16K	$7K	40x	as long as short
tradeXYZ xyz:GBPlong	0.0000%	1h	1.3366	long leg	$232K	$345K	50x
Lighter GBPUSD	0.0000%	1h	1.3361	−0.036%	$181K	$999K	50x	as long as short
Bybit GBPUSDUSDT	0.0000%	8h	1.3374	+0.062%	$245K	$69K	100x	as long as short
Gate GBPUSD_USDT	0.0000%	8h	1.3386	+0.150%	$222K	$9K	100x	as long as short
Bitget GBPUSDUSDT	0.0000%	8h	1.3364	−0.015%	$10K	$12K	100x	as long as short
SunX GBPUSD-USDT	0.0000%	1h	1.3367	+0.007%	—	$2.5M	10x	as long as short
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3356	−0.072%	$990	—	20x	as long as short
HTX GBPUSD-USDT	0.0000%	1h	1.3375	+0.067%	$5K	$332K	20x	as long as short
Vest GBP-USD-PERP	+0.0037%	1h	1.3355	−0.083%	—	$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_USDTshort	+0.0130%	4h	1.3363	−0.022%	$25.8M	$186K	100x
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3514	+1.105%	$11K	$72K	101x	as long as short
Hibachi GBP/USDT-P	+0.0240%	1h	1.3370	+0.028%	$19K	$34K	20x	as long as short