GBP funding rates and arbitrage

GBP perpetuals trade on 4 contracts across 4 venues, forming 6 cross-venue arbitrage pairs. By net APR the current best pair is long Bitfinex against short Kraken, netting +235.74%, though note the legs settle on different cadences (8h / 1h)。

GBP perpetual funding rates by venue

APR = current rate × (24 ÷ settlement interval) × 365. Venues settle on different cadences, so rates must be annualised before comparing.

Venue	Contract	Margin	Settlement	Current rate	APR	24h avg APR	24h volume	Mark
LBank	GBPUSDT	USDT	4h	-0.0029%	-6.35%	+3.23%	$1.1M	1.332
MEXC	GBP_USDT	USDT	4h	-0.0025%	-5.47%	+0.99%	$175K	1.332
Bitfinex	tGBPF0:USTF0	USDT	8h	-0.2153%	-235.74%	-86.24%	$7	1.332
Kraken	PF_GBPUSD	USD	1h	0.0000%	0.00%	0.00%	—	1.331

GBP cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg − long leg.

Long	Short	Net APR	Daily	24h avg	Settlement	Liquidity
Bitfinex USDT	Kraken USD	+235.74%	0.6459%	+86.24%	8h / 1h	$7
Bitfinex USDT	MEXC USDT	+230.26%	0.6309%	+87.24%	8h / 4h	$7
Bitfinex USDT	LBank USDT	+229.39%	0.6285%	+89.48%	8h / 4h	$7
LBank USDT	Kraken USD	+6.35%	0.0174%	-3.23%	4h / 1h	$1.1M
MEXC USDT	Kraken USD	+5.47%	0.0150%	-0.99%	4h / 1h	$175K
LBank USDT	MEXC USDT	+0.88%	0.0024%	-2.24%	4h matched	$175K

GBP project profile

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

GFS0.0%GIGADEV+32.8%GTC+155.2%INTU0.0%JP225+7.0%LIN0.0%LULU0.0%MAR0.0%MO0.0%NU0.0%OFC+10.9%PAID+37.0%

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