Settings8H · net · $10k
Funding arb · Price arb /

GME

RWAall GME markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0202%/8h= +22.1% APRpaid last 24h +0.043%
Price spread now: tradeXYZ against OKX−0.081%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$880.878% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.170%+$17 on $10k
Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.081%, 7d avg +0.025%
Together, before fees+0.233%+ Points / potential airdroptradeXYZ: Active · farm board+$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.106% cheaper against OKX than usual: you would sell low and buy high (spread −0.081% now, against its 7-day average of +0.025%). If the spread goes back, that is −$11 on $10k: about 42 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.170% in total) that is about 4.3 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX GME-USDT-SWAP23.5000get 0.0000% / 8h6h 37m$301K$223K20x
ShorttradeXYZ xyz:GME23.4810.0202get 0.0025% / 1h37m 33s$3.6M$3.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ against OKX. 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

Funding earned
$42.33
Price spread: −0.081% → +0.025%
−$10.56
Slippage, 4 orders
−$59.84
Fee OKX: 5 bp × 2 orders
−$10
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$56.07
Costs to cover
0.878%
Break-even
16.3 days
Slippage from OKX: live order book, 28 min ago; tradeXYZ: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 28 min ago4.26 bp36.4 bp −$36doesn't fitdoesn't fitdoesn't fit
Sell tradeXYZ live order book, 10 min ago1.91 bp16.3 bp −$16doesn't fitdoesn't fitdoesn't fit

GME on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster GMEUSDT0.0000%8h23.493−0.029%$11K$20K20xas long as short
Binance GMEUSDT0.0000%8h23.474−0.110%$1.1M$7.2M20xas long as short
OKX GME-USDT-SWAPlong0.0000%8h23.500long leg$301K$223K20x
Gate GME_USDT0.0000%8h23.5000.000%$478K$27K20xas long as short
Bitget GMEUSDT0.0000%8h23.490−0.043%$368K$1.5M20xas long as short
Variational Omni GME0.0000%8h23.511+0.048%$216K$281Kas long as short
SunX GME-USDT0.0000%8h23.480−0.085%$2.5M10xas long as short
HTX GME-USDT0.0000%8h23.520+0.085%$12K$10K10xas long as short
Lighter GME+0.0032%1h23.472−0.119%10xas long as short
Arcus GME-USD+0.0040%1h23.480−0.085%$1K$8K10xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin GMEUSDTM+0.0100%8h23.480−0.085%$160K$990K20xas long as short
tradeXYZ xyz:GMEshort+0.0202%1h23.481−0.081%$3.6M$3.9M10x
Injective GME/USDC PERP+0.0220%1h23.680+0.766%$3K$26K5.5xas long as short