# GBP funding rates and arbitrage

Updated 2026-10-30 12:16 UTC · https://afterfees.xyz/coin/GBP

## Best GBP arbitrage after every cost

No GBP pair nets a profit at this size right now.

_At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry._

## GBP funding rate on every exchange

| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| [Hibachi](https://afterfees.xyz/venues/hibachi) | GBP/USDT-P | 0.0039% | 1 h | +34.2% | +74.8% | $27.3K | 2026-10-30 13:00 |
| [MEXC](https://afterfees.xyz/venues/mexc) | GBP_USDT | 0.0124% | 4 h | +27.2% | +12.5% | $21.9M | 2026-10-30 16:00 |
| [LBank](https://afterfees.xyz/venues/lbank) | GBPUSDT | 0.0124% | 4 h | +27.2% | — | — | 2026-10-30 16:00 |
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_GBPUSD | 0.0000% | 1 h | 0.0% | 0.0% | $995 | 2026-10-30 13:00 |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | xyz:GBP | 0.0000% | 1 h | 0.0% | −4.6% | $419.6K | 2026-10-30 13:00 |
| [Bitfinex](https://afterfees.xyz/venues/bitfinex) | tGBPF0:USTF0 | -0.2500% | 8 h | −273.8% | — | $1.6K | 2026-10-30 16:00 |

## Cost to enter $10,000 of GBP

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Hyperliquid | xyz:GBP | 3.1 bp | top of book only |
| MEXC | GBP_USDT | 5.1 bp | top of book only |
| Kraken | PF_GBPUSD | 2086.8 bp | top of book only |

_Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees._

## Questions

**Is GBP funding-rate arbitrage profitable right now?**

Not at $10,000 per side for 7 days: no GBP pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.

**Which exchange has the highest GBP funding rate?**

Hibachi at +34.2% a year (0.0039% every 1 h); the lowest is Bitfinex at −273.8%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.

_The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you._