Funding arb · Price arb /

GME

RWAall GME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: Bitget against Lighter+0.064%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Bitget

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

The price spread pays, funding is against you. Bitget is 0.064% dearer against Lighter than usual: you sell high and buy low (spread +0.064% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter GME	23.455	0.0032	pay 0.0004% / 1h	0m 42s	—	—	10x
Short	Bitget GMEUSDT	23.470	0	get 0.0000% / 8h	7h 00m	$360K	$810K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Lighter. 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 LighterbpFee BitgetbpOrdersPrice spread, now +0.064%Rate

Funding earned: −$6.72
Price spread: +0.064% → 0.000%: $6.4
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$12.32
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; Bitget: live order book, 25 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 Lighter no order-book sample	—	—	—	—	—
Sell Bitget live order book, 25 min ago	14.97 bp	21.0 bp −$21	39.9 bp −$399	doesn't fit	doesn't fit

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	23.462	+0.028%	$11K	$21K	20x	as long as short
Binance GMEUSDT	0.0000%	8h	23.462	+0.029%	$1.0M	$5.3M	20x	as long as short
OKX GME-USDT-SWAP	0.0000%	8h	23.460	+0.021%	$304K	$192K	20x	as long as short
Gate GME_USDT	0.0000%	8h	23.481	+0.111%	$479K	$22K	20x	as long as short
Bitget GMEUSDTshort	0.0000%	8h	23.470	+0.064%	$360K	$810K	20x
Variational Omni GME	0.0000%	8h	23.461	+0.024%	$210K	$258K	—	as long as short
SunX GME-USDT	0.0000%	8h	23.480	+0.107%	—	$2.1M	10x	as long as short
HTX GME-USDT	0.0000%	8h	23.520	+0.277%	$12K	$10K	10x	as long as short
Lighter GMElong	+0.0032%	1h	23.455	long leg	—	—	10x
Arcus GME-USD	+0.0040%	1h	23.460	+0.021%	$1K	$7K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin GMEUSDTM	+0.0100%	8h	23.460	+0.021%	$161K	$1.0M	20x	as long as short
Injective GME/USDC PERP	+0.0220%	1h	23.770	+1.343%	$3K	$26K	5.5x	as long as short
tradeXYZ xyz:GME	+0.0232%	1h	23.476	+0.090%	$3.6M	$2.6M	10x	as long as short