Funding arb · Price arb /

GME

RWAall GME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Binance−0.034%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.034% cheaper against Binance than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 3.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GMEUSDT	23.470	0	get 0.0000% / 8h	5h 55m	$1.1M	$7.3M	20x
Short	Lighter GME	23.462	0.0032	get 0.0004% / 1h	55m 12s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now −0.034%Rate

Funding earned: $6.72
Price spread: −0.034% → 0.000%: −$3.41
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$6.69
Costs to cover: 0.100%
Break-even: 14.0 days

Slippage unknown: Binance: live order book, 14 min ago; Lighter: no order-book sample. 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 Binance live order book, 14 min ago	4.26 bp	15.5 bp −$15	56.0 bp −$560	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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
Aster GMEUSDT	0.0000%	8h	23.474	+0.019%	$11K	$20K	20x	as long as short
Binance GMEUSDTlong	0.0000%	8h	23.470	long leg	$1.1M	$7.3M	20x
OKX GME-USDT-SWAP	0.0000%	8h	23.490	+0.085%	$302K	$222K	20x	as long as short
Gate GME_USDT	0.0000%	8h	23.500	+0.128%	$479K	$27K	20x	as long as short
Bitget GMEUSDT	0.0000%	8h	23.480	+0.043%	$368K	$1.5M	20x	as long as short
Variational Omni GME	0.0000%	8h	23.481	+0.047%	$216K	$284K	—	as long as short
SunX GME-USDT	0.0000%	8h	23.470	0.000%	—	$2.4M	10x	as long as short
HTX GME-USDT	0.0000%	8h	23.460	−0.043%	$12K	$10K	10x	as long as short
Lighter GMEshort	+0.0032%	1h	23.462	−0.034%	—	—	10x
Arcus GME-USD	+0.0040%	1h	23.460	−0.043%	$1K	$8K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GME	+0.0050%	1h	23.477	+0.030%	$3.6M	$3.7M	10x	as long as short
KuCoin GMEUSDTM	+0.0100%	8h	23.480	+0.043%	$161K	$998K	20x	as long as short
Injective GME/USDC PERP	+0.0220%	1h	23.700	+0.980%	$3K	$26K	5.5x	as long as short