Funding arb · Price arb /

GME

RWAall GME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.026%

Price spread now: Binance against tradeXYZ+0.013%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$690.694% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.242%−$24 on $10k

Price spread, last 7 days+0.043%+$4 · spread now +0.013%, 7d avg −0.012%

Together, before fees−0.199%+ Points / potential airdroptradeXYZ: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.024% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.013% now, against its 7-day average of −0.012%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 39 hours. At the pace of the last 7 days (−0.242% in total) that is about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GME	23.587	0.0050	pay 0.0006% / 1h	43m 47s	$3.6M	$2.6M	10x
Short	Binance GMEUSDT	23.590	0	get 0.0000% / 8h	4h 43m	$1.1M	$5.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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 tradeXYZbpFee BinancebpOrdersPrice spread, now +0.013%Rate

Funding earned: −$10.5
Price spread: +0.013% → −0.012%: $2.44
Slippage, 4 orders: −$41.38
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$77.44
Costs to cover: 0.694%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 7 min ago; Binance: live order book, 2 min ago.

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 tradeXYZ live order book, 7 min ago	6.57 bp	21.5 bp −$21	43.4 bp −$434	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	4.24 bp	11.5 bp −$11	38.2 bp −$382	doesn't fit	doesn't fit

GME on 13 exchanges

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	23.594	+0.031%	$11K	$21K	20x	as long as short
Binance GMEUSDTshort	0.0000%	8h	23.590	+0.013%	$1.1M	$5.1M	20x
OKX GME-USDT-SWAP	0.0000%	8h	23.600	+0.055%	$306K	$192K	20x	as long as short
Gate GME_USDT	0.0000%	8h	23.597	+0.042%	$481K	$22K	20x	as long as short
Bitget GMEUSDT	0.0000%	8h	23.580	−0.030%	$352K	$799K	20x	as long as short
Variational Omni GME	0.0000%	8h	23.564	−0.098%	$212K	$256K	—	as long as short
SunX GME-USDT	0.0000%	8h	23.590	+0.013%	—	$1.6M	10x	as long as short
HTX GME-USDT	0.0000%	8h	23.610	+0.098%	$12K	$11K	10x	as long as short
Lighter GME	+0.0032%	1h	23.579	−0.034%	—	—	10x	as long as short
Injective GME/USDC PERP	+0.0033%	1h	23.780	+0.818%	$3K	$26K	5.5x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus GME-USD	+0.0040%	1h	23.590	+0.013%	$1K	$7K	10x	as long as short
tradeXYZ xyz:GMElong	+0.0050%	1h	23.587	long leg	$3.6M	$2.6M	10x
KuCoin GMEUSDTM	+0.0100%	8h	23.560	−0.114%	$160K	$1.1M	20x	as long as short