Funding arb · Price arb /

GME

RWAall GME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.060%

Price spread now: Injective against Bitget+0.974%91s7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Injective

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

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.974% dearer against Bitget than usual: you sell high and buy low: +$97 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 91 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	Bitget GMEUSDT	23.610	0	get 0.0000% / 8h	2h 35m	$355K	$919K	20x
Short	Injective GME/USDC PERP	23.840	0.0220	get 0.0028% / 1h	35m 50s	$3K	$26K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bitget. 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 BitgetbpFee InjectivebpOrdersPrice spread, now +0.974%Rate

Funding earned: $46.2
Price spread: +0.974% → 0.000%: $97.42
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $131.6
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Bitget: live order book, 5 min ago; Injective: 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 Bitget live order book, 5 min ago	12.72 bp	18.7 bp −$19	56.5 bp −$565	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.085%	$3.6M	$2.9M	10x	as long as short
Aster GMEUSDT	0.0000%	8h	23.599	−0.047%	$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	+0.038%	$481K	$23K	20x	as long as short
Bitget GMEUSDTlong	0.0000%	8h	23.610	long leg	$355K	$919K	20x
Variational Omni GME	0.0000%	8h	23.601	−0.037%	$217K	$253K	—	as long as short
SunX GME-USDT	0.0000%	8h	23.590	−0.085%	—	$2.4M	10x	as long as short
HTX GME-USDT	0.0000%	8h	23.630	+0.085%	$12K	$10K	10x	as long as short
Lighter GME	+0.0032%	1h	23.585	−0.106%	—	—	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-USD	+0.0040%	1h	23.590	−0.085%	$1K	$7K	10x	as long as short
KuCoin GMEUSDTM	+0.0100%	8h	23.590	−0.085%	$160K	$982K	20x	as long as short
Injective GME/USDC PERPshort	+0.0220%	1h	23.840	+0.974%	$3K	$26K	5.5x