Funding arb · Price arb /

GME

RWAall GME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0381%/8h= +41.7% APRpaid last 24h −0.029%

Price spread now: Bitget against tradeXYZ−0.034%7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$790.787% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.184%−$18 on $10k

Price spread, last 7 days+0.058%+$6 · spread now −0.034%, 7d avg +0.039%

Together, before fees−0.126%+ Points / potential airdroptradeXYZ: Active · farm board−$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.073% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.034% now, against its 7-day average of +0.039%). If the spread goes back, that is −$7 on $10k: about 15 hours of funding at the current rate (+$11 a day). Mind the row above: over the last 7 days funding on this pair cost −0.184%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.184% in total (about -9.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GME	23.558	−0.0381	get 0.0048% / 1h	52m 51s	$3.6M	$2.7M	10x
Short	Bitget GMEUSDT	23.550	0	get 0.0000% / 8h	1h 52m	$377K	$908K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.034%Rate

Funding earned: $80.05
Price spread: −0.034% → +0.039%: −$7.26
Slippage, 4 orders: −$48.73
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$5.94
Costs to cover: 0.787%
Break-even: 7.5 days

Slippage from tradeXYZ: live order book, 4 min ago; Bitget: live order book, 48 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, 4 min ago	2.12 bp	23.2 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 48 min ago	12.72 bp	20.2 bp −$20	31.3 bp −$313	doesn't fit	doesn't fit

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:GMElong	−0.0381%	1h	23.558	long leg	$3.6M	$2.7M	10x
Aster GMEUSDT	0.0000%	8h	23.544	−0.060%	$11K	$20K	20x	as long as short
Binance GMEUSDT	0.0000%	8h	23.545	−0.056%	$1.1M	$5.3M	20x	as long as short
OKX GME-USDT-SWAP	0.0000%	8h	23.550	−0.034%	$301K	$200K	20x	as long as short
Gate GME_USDT	0.0000%	8h	23.574	+0.068%	$479K	$23K	20x	as long as short
Bitget GMEUSDTshort	0.0000%	8h	23.550	−0.034%	$377K	$908K	20x
Variational Omni GME	0.0000%	8h	23.571	+0.055%	$217K	$253K	—	as long as short
SunX GME-USDT	0.0000%	8h	23.540	−0.076%	—	$2.4M	10x	as long as short
HTX GME-USDT	0.0000%	8h	23.610	+0.221%	$12K	$10K	10x	as long as short
Lighter GME	+0.0032%	1h	23.539	−0.081%	—	—	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	23.550	−0.034%	$1K	$7K	10x	as long as short
KuCoin GMEUSDTM	+0.0100%	8h	23.550	−0.034%	$160K	$977K	20x	as long as short
Injective GME/USDC PERP	+0.0220%	1h	23.800	+1.027%	$3K	$26K	5.5x	as long as short