Funding arb · Price arb /

MEME

all MEME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Binance against GMX+0.388%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Binance

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—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.388% dearer against GMX than usual: you sell high and buy low: +$39 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	GMX MEME/USD [WBTC.b-USDC]	0.0006130	L 0.0000% / S 0.0000%	get 0.0000% / 1h	8m 00s	—	—	100x
Short	Binance MEMEUSDT	0.0006154	0.0100	get 0.0050% / 4h	2h 08m	$2.5M	$4.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GMX. 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 GMXbpFee BinancebpOrdersPrice spread, now +0.388%Rate

Funding earned: $21
Price spread: +0.388% → 0.000%: $38.83
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: $37.83
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Binance: live order book, 14 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 GMX no order-book sample	—	—	—	—	—
Sell Binance live order book, 14 min ago	4.01 bp	22.0 bp −$22	80.1 bp −$801	doesn't fit	doesn't fit

GMX: 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.

MEME on 10 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
GMX MEME/USD [WBTC.b-USDC]long	L 0.0000% / S 0.0000%	1h	0.0006130	long leg	—	—	100x
Bybit MEMEUSDT	+0.0071%	4h	0.0006150	+0.326%	$1.2M	$634K	50x	as long as short
Hyperliquid MEME	+0.0100%	1h	0.0006150	+0.326%	$568K	$161K	3x	as long as short
Binance MEMEUSDTshort	+0.0100%	4h	0.0006154	+0.388%	$2.5M	$4.8M	50x
OKX MEME-USDT-SWAP	+0.0100%	4h	0.0006143	+0.212%	$633K	$2.1M	20x	as long as short
Gate MEME_USDT	+0.0100%	4h	0.0006147	+0.277%	$428K	$78K	20x	as long as short
MEXC MEME_USDT	+0.0100%	4h	0.0006150	+0.326%	$865K	$389K	50x	as long as short
KuCoin MEMEUSDTM	+0.0100%	4h	0.0006146	+0.261%	$185K	$53K	30x	as long as short
Bitget MEMEUSDT	+0.0100%	4h	0.0006149	+0.310%	$439K	$758K	25x	as long as short
BingX MEME-USDT	+0.0100%	4h	0.0006153	+0.375%	—	$2.4M	—	as long as short