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: Gate against Injective−0.975%54s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Gate

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 against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 0.975% cheaper against Injective than usual: you would sell low and buy high (−$97 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 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	Injective GME/USDC PERP	23.800	0.0220	pay 0.0028% / 1h	14m 20s	$3K	$26K	5.5x
Short	Gate GME_USDT	23.568	0	get 0.0000% / 8h	2h 14m	$479K	$23K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Injective. 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 InjectivebpFee GatebpOrdersPrice spread, now −0.975%Rate

Funding earned: −$46.2
Price spread: −0.975% → 0.000%: −$97.48
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$158.7
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Gate: live order book, 31 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 Injective no order-book sample	—	—	—	—	—
Sell Gate live order book, 31 min ago	15.23 bp	357.5 bp −$358	doesn't fit	doesn't fit	doesn't fit

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	−0.0523%	1h	23.581	−0.920%	$3.6M	$2.8M	10x	as long as short
Aster GMEUSDT	0.0000%	8h	23.562	−1.002%	$11K	$20K	20x	as long as short
Binance GMEUSDT	0.0000%	8h	23.565	−0.988%	$1.1M	$5.3M	20x	as long as short
OKX GME-USDT-SWAP	0.0000%	8h	23.570	−0.966%	$302K	$200K	20x	as long as short
Gate GME_USDTshort	0.0000%	8h	23.568	−0.975%	$479K	$23K	20x
Bitget GMEUSDT	0.0000%	8h	23.570	−0.966%	$376K	$909K	20x	as long as short
Variational Omni GME	0.0000%	8h	23.561	−1.004%	$216K	$253K	—	as long as short
SunX GME-USDT	0.0000%	8h	23.570	−0.966%	—	$2.4M	10x	as long as short
HTX GME-USDT	0.0000%	8h	23.510	−1.218%	$12K	$10K	10x	as long as short
Lighter GME	+0.0032%	1h	23.559	−1.013%	—	—	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	23.560	−1.008%	$1K	$7K	10x	as long as short
KuCoin GMEUSDTM	+0.0100%	8h	23.550	−1.050%	$160K	$979K	20x	as long as short
Injective GME/USDC PERPlong	+0.0220%	1h	23.800	long leg	$3K	$26K	5.5x