Funding arb · Price arb /

GME

RWAall GME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.02 per $10,000 · paid last 24h —

Price spread now: tradeXYZ against Lighter−0.055%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on tradeXYZ

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 · tradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and tradeXYZ is 0.055% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter GME	23.564	0.0032	pay 0.0004% / 1h	31m 56s	—	—	10x
Short	tradeXYZ xyz:GME	23.551	0.0015	get 0.0002% / 1h	31m 56s	$3.6M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$3.59
Price spread: −0.055% → 0.000%: −$5.52
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$27.11
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; tradeXYZ: live order book, 6 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 tradeXYZ live order book, 6 min ago	5.10 bp	17.3 bp −$17	doesn't fit	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	23.551	−0.054%	$11K	$20K	20x	as long as short
Binance GMEUSDT	0.0000%	8h	23.534	−0.129%	$1.1M	$5.2M	20x	as long as short
OKX GME-USDT-SWAP	0.0000%	8h	23.550	−0.059%	$304K	$201K	20x	as long as short
Gate GME_USDT	0.0000%	8h	23.553	−0.047%	$479K	$23K	20x	as long as short
Bitget GMEUSDT	0.0000%	8h	23.540	−0.102%	$363K	$838K	20x	as long as short
Variational Omni GME	0.0000%	8h	23.555	−0.036%	$213K	$257K	—	as long as short
SunX GME-USDT	0.0000%	8h	23.560	−0.017%	—	$2.4M	10x	as long as short
HTX GME-USDT	0.0000%	8h	23.550	−0.059%	$12K	$10K	10x	as long as short
tradeXYZ xyz:GMEshort	+0.0015%	1h	23.551	−0.055%	$3.6M	$2.6M	10x
Lighter GMElong	+0.0032%	1h	23.564	long leg	—	—	10x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus GME-USD	+0.0040%	1h	23.540	−0.102%	$1K	$7K	10x	as long as short
KuCoin GMEUSDTM	+0.0100%	8h	23.510	−0.229%	$160K	$991K	20x	as long as short
Injective GME/USDC PERP	+0.0220%	1h	23.800	+1.002%	$3K	$26K	5.5x	as long as short