Funding arb · Price arb /

GME

RWAall GME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.2% APRpaid last 24h −0.028%

Price spread now: Gate against tradeXYZ+0.076%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$396as in the Funding arb table

Net, price: spread back to 7d avg − costs−$371as in the Price arb table

costs, in and out, $10k−$3783.782% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.183%−$18 on $10k

Price spread, last 4 days (all we have)−0.063%−$6 · spread now +0.076%, 7d avg +0.005%

Together, before fees−0.246%+ Points / potential airdroptradeXYZ: Active · farm board−$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Gate is 0.071% dearer against tradeXYZ than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.005%. Mind the row above: over the last 7 days funding on this pair cost −0.183%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GME	23.534	−0.0240	get 0.0030% / 1h	10m 13s	$3.6M	$2.5M	10x
Short	Gate GME_USDT	23.552	0	get 0.0000% / 8h	10m 13s	$479K	$23K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.076%Rate

Funding earned: $50.34
Price spread: +0.076% → +0.005%: $7.13
Slippage, 4 orders: −$345.22
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$320.76
Costs to cover: 3.782%
Break-even: 51.6 days

Slippage from tradeXYZ: live order book, 8 min ago; Gate: live order book, 26 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, 8 min ago	2.13 bp	11.9 bp −$12	34.1 bp −$341	doesn't fit	doesn't fit
Sell Gate live order book, 26 min ago	16.57 bp	253.5 bp −$253	doesn't fit	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	−0.0240%	1h	23.534	long leg	$3.6M	$2.5M	10x
Aster GMEUSDT	0.0000%	8h	23.538	+0.016%	$11K	$20K	20x	as long as short
Binance GMEUSDT	0.0000%	8h	23.534	+0.001%	$1.1M	$5.2M	20x	as long as short
OKX GME-USDT-SWAP	0.0000%	8h	23.530	−0.017%	$304K	$201K	20x	as long as short
Gate GME_USDTshort	0.0000%	8h	23.552	+0.076%	$479K	$23K	20x
Bitget GMEUSDT	0.0000%	8h	23.550	+0.068%	$361K	$826K	20x	as long as short
Variational Omni GME	0.0000%	8h	23.527	−0.029%	$213K	$257K	—	as long as short
SunX GME-USDT	0.0000%	8h	23.510	−0.102%	—	$2.4M	10x	as long as short
HTX GME-USDT	0.0000%	8h	23.570	+0.153%	$12K	$10K	10x	as long as short
Lighter GME	+0.0032%	1h	23.530	−0.017%	—	—	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	23.520	−0.059%	$1K	$7K	10x	as long as short
KuCoin GMEUSDTM	+0.0100%	8h	23.470	−0.272%	$160K	$1.0M	20x	as long as short
Injective GME/USDC PERP	+0.0220%	1h	23.770	+1.003%	$3K	$26K	5.5x	as long as short