Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0038%/8h= −4.2% APRpaid last 24h −0.011%

Price spread now: Gate against Vest+0.200%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 Gate

What this pair did over the last

the charts below follow

Funding, last 4 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. Gate is 0.200% dearer against Vest than usual: you sell high and buy low (spread +0.200% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest GBP-USD-PERP	1.3355	0.0038	pay 0.0005% / 1h	47m 22s	—	$1	100x
Short	Gate GBPUSD_USDT	1.3382	0	get 0.0000% / 8h	4h 47m	$222K	$15K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.200%Rate

Funding earned: −$8.01
Price spread: +0.200% → 0.000%: $20.02
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$4.99
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Gate: 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 Gate live order book, 52 min ago	2.61 bp	89.2 bp −$89	310.9 bp −$3,109	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 exchanges

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
Lighter GBPUSD	0.0000%	1h	1.3362	+0.050%	$225K	$1.0M	50x	as long as short
Bybit GBPUSDUSDT	0.0000%	8h	1.3363	+0.062%	$248K	$104K	100x	as long as short
Gate GBPUSD_USDTshort	0.0000%	8h	1.3382	+0.200%	$222K	$15K	100x
Bitget GBPUSDUSDT	0.0000%	8h	1.3364	+0.065%	$12K	$6K	100x	as long as short
SunX GBPUSD-USDT	0.0000%	1h	1.3365	+0.073%	—	$1.6M	10x	as long as short
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3359	+0.031%	$990	—	20x	as long as short
HTX GBPUSD-USDT	0.0000%	1h	1.3355	−0.002%	$5K	$337K	20x	as long as short
Nado GBPUSD-PERP	+0.0010%	1h	1.3368	+0.096%	$16K	$1K	40x	as long as short
tradeXYZ xyz:GBP	+0.0027%	1h	1.3367	+0.088%	$255K	$162K	50x	as long as short
Vest GBP-USD-PERPlong	+0.0038%	1h	1.3355	long leg	—	$1	100x

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC GBP_USDT	+0.0182%	4h	1.3368	+0.095%	$26.3M	$314K	100x	as long as short
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3363	+0.060%	$8K	$76K	101x	as long as short
Hibachi GBP/USDT-P	+0.0248%	1h	1.3369	+0.100%	$25K	$46K	20x	as long as short