Funding arb · Price arb /

GBP

RWAall GBP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.034%

Price spread now: MEXC against Vest+0.065%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 MEXC

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and MEXC is 0.065% dearer against Vest than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest GBP-USD-PERP	1.3367	0.0038	pay 0.0005% / 1h	53m 10s	—	$25K	100x
Short	MEXC GBP_USDT	1.3376	0.0138	get 0.0069% / 4h	1h 53m	$26.0M	$255K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.065%Rate

Funding earned: $20.97
Price spread: +0.065% → 0.000%: $6.52
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee MEXC: 4 bp × 2 orders: −$8
Net: $17.48
Costs to cover: 0.100%
Break-even: 1.2 days

Slippage unknown: Vest: no order-book sample; MEXC: live order book, 1 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 MEXC live order book, 1 min ago	1.12 bp	5.1 bp −$5	5.7 bp −$57	6.9 bp −$690	42.7 bp −$21.4K

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	−0.0059%	1h	1.3379	+0.085%	$16K	$7K	40x	as long as short
Lighter GBPUSD	0.0000%	1h	1.3374	+0.052%	$181K	$985K	50x	as long as short
Bybit GBPUSDUSDT	0.0000%	8h	1.3375	+0.058%	$246K	$69K	100x	as long as short
Gate GBPUSD_USDT	0.0000%	8h	1.3387	+0.147%	$222K	$9K	100x	as long as short
Bitget GBPUSDUSDT	0.0000%	8h	1.3377	+0.073%	$12K	$12K	100x	as long as short
SunX GBPUSD-USDT	0.0000%	1h	1.3382	+0.110%	—	$2.4M	10x	as long as short
Kraken Futures PF_GBPUSD	0.0000%	1h	1.3368	+0.008%	$991	—	20x	as long as short
HTX GBPUSD-USDT	0.0000%	1h	1.3390	+0.170%	$5K	$334K	20x	as long as short
Vest GBP-USD-PERPlong	+0.0038%	1h	1.3367	long leg	—	$25K	100x
tradeXYZ xyz:GBP	+0.0082%	1h	1.3382	+0.110%	$247K	$351K	50x	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	+0.0138%	4h	1.3376	+0.065%	$26.0M	$255K	100x
Hibachi GBP/USDT-P	+0.0160%	1h	1.3375	+0.056%	$21K	$43K	20x	as long as short
Injective GBPUSD/USDC PERP	+0.0220%	1h	1.3523	+1.163%	$11K	$72K	101x	as long as short