Funding arb · Price arb /

GME

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%

Price spread now: Bitget against Arcus+0.085%50s7-day average — · you sell dearer than you buy

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

Long on Arcus Short on Bitget

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—needs both histories

The price spread pays, funding is against you. Bitget is 0.085% dearer against Arcus than usual: you sell high and buy low (spread +0.085% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.0 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus GME-USD	23.590	0.0040	pay 0.0005% / 1h	35m 43s	$1K	$7K	10x
Short	Bitget GMEUSDT	23.610	0	get 0.0000% / 8h	2h 35m	$355K	$919K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Arcus. 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 ArcusbpFee BitgetbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$8.46
Price spread: +0.085% → 0.000%: $8.48
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$16.48
Costs to cover: 0.165%
Break-even: never at this rate

Slippage unknown: Arcus: no order-book sample; Bitget: live order book, 5 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 Arcus no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	12.72 bp	20.2 bp −$20	31.3 bp −$313	doesn't fit	doesn't fit

Arcus: 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.

GME 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
tradeXYZ xyz:GME	−0.0342%	1h	23.590	0.000%	$3.6M	$2.9M	10x	as long as short
Aster GMEUSDT	0.0000%	8h	23.599	+0.038%	$11K	$20K	20x	as long as short
Binance GMEUSDT	0.0000%	8h	23.600	+0.042%	$1.1M	$5.3M	20x	as long as short
OKX GME-USDT-SWAP	0.0000%	8h	23.600	+0.042%	$302K	$199K	20x	as long as short
Gate GME_USDT	0.0000%	8h	23.619	+0.123%	$481K	$23K	20x	as long as short
Bitget GMEUSDTshort	0.0000%	8h	23.610	+0.085%	$355K	$919K	20x
Variational Omni GME	0.0000%	8h	23.601	+0.048%	$217K	$253K	—	as long as short
SunX GME-USDT	0.0000%	8h	23.590	0.000%	—	$2.4M	10x	as long as short
HTX GME-USDT	0.0000%	8h	23.630	+0.170%	$12K	$10K	10x	as long as short
Lighter GME	+0.0032%	1h	23.585	−0.021%	—	—	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus GME-USDlong	+0.0040%	1h	23.590	long leg	$1K	$7K	10x
KuCoin GMEUSDTM	+0.0100%	8h	23.590	0.000%	$160K	$982K	20x	as long as short
Injective GME/USDC PERP	+0.0220%	1h	23.840	+1.060%	$3K	$26K	5.5x	as long as short