Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0038%/8h= −4.2% APRpaid last 24h −0.011%

Price spread now: Bybit against Vest+0.024%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Bybit is 0.024% dearer against Vest than usual: you sell high and buy low (spread +0.024% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest GBP-USD-PERP	1.3376	0.0038	pay 0.0005% / 1h	48m 32s	—	$38K	100x
Short	Bybit GBPUSDUSDT	1.3379	0	get 0.0000% / 8h	3h 48m	$245K	$69K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Vest. 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 VestbpFee BybitbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$7.98
Price spread: +0.024% → 0.000%: $2.36
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$18.62
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Bybit: live order book, 52 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell Bybit live order book, 52 min ago	1.50 bp	7.1 bp −$7	30.1 bp −$301	doesn't fit	doesn't fit

Vest: 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	−0.0061%	1h	1.3388	+0.091%	$16K	$7K	40x	as long as short
tradeXYZ xyz:GBP	0.0000%	1h	1.3385	+0.068%	$233K	$342K	50x	as long as short
Lighter GBPUSD	0.0000%	1h	1.3382	+0.049%	$181K	$999K	50x	as long as short
Bybit GBPUSDUSDTshort	0.0000%	8h	1.3379	+0.024%	$245K	$69K	100x
Gate GBPUSD_USDT	0.0000%	8h	1.3387	+0.083%	$222K	$9K	100x	as long as short
Bitget GBPUSDUSDT	0.0000%	8h	1.3384	+0.060%	$12K	$14K	100x	as long as short
SunX GBPUSD-USDT	0.0000%	1h	1.3382	+0.045%	—	$2.4M	10x	as long as short
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3376	+0.003%	$991	—	20x	as long as short
HTX GBPUSD-USDT	0.0000%	1h	1.3389	+0.098%	$5K	$334K	20x	as long as short
Vest GBP-USD-PERPlong	+0.0038%	1h	1.3376	long leg	—	$38K	100x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC GBP_USDT	+0.0120%	4h	1.3384	+0.060%	$26.0M	$258K	100x	as long as short
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3519	+1.068%	$11K	$73K	101x	as long as short
Hibachi GBP/USDT-P	+0.0352%	1h	1.3386	+0.078%	$19K	$34K	20x	as long as short