Funding arb · Price arb /

GME

RWAall GME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0151%/8h= +16.5% APRpaid last 24h −0.069%

Price spread now: HTX against tradeXYZ−0.055%49s7-day average — · you buy dearer than you sell

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

Long on tradeXYZ Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. HTX is 0.055% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 29 hours of funding at the current rate (+$5 a day). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GME	23.463	−0.0151	get 0.0019% / 1h	59m 33s	$3.6M	$4.1M	10x
Short	HTX GME-USDT	23.450	0	get 0.0000% / 8h	6h 59m	$12K	$9K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.055%Rate

Funding earned: $31.67
Price spread: −0.055% → 0.000%: −$5.54
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$3.87
Costs to cover: 0.300%
Break-even: 7.9 days

Slippage unknown: tradeXYZ: live order book, 9 min ago; HTX: no order-book sample. 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 tradeXYZ live order book, 9 min ago	1.49 bp	13.5 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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
tradeXYZ xyz:GMElong	−0.0151%	1h	23.463	long leg	$3.6M	$4.1M	10x
Aster GMEUSDT	0.0000%	8h	23.441	−0.094%	$11K	$20K	20x	as long as short
Binance GMEUSDT	0.0000%	8h	23.443	−0.083%	$1.1M	$7.3M	20x	as long as short
OKX GME-USDT-SWAP	0.0000%	8h	23.420	−0.183%	$300K	$224K	20x	as long as short
Gate GME_USDT	0.0000%	8h	23.460	−0.013%	$477K	$27K	20x	as long as short
Bitget GMEUSDT	0.0000%	8h	23.460	−0.013%	$369K	$1.5M	20x	as long as short
Variational Omni GME	0.0000%	8h	23.441	−0.094%	$215K	$286K	—	as long as short
SunX GME-USDT	0.0000%	8h	23.450	−0.055%	—	$2.5M	10x	as long as short
HTX GME-USDTshort	0.0000%	8h	23.450	−0.055%	$12K	$9K	10x
Lighter GME	+0.0032%	1h	23.449	−0.060%	—	—	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	23.440	−0.098%	$1K	$8K	10x	as long as short
KuCoin GMEUSDTM	+0.0100%	8h	23.440	−0.098%	$163K	$959K	20x	as long as short
Injective GME/USDC PERP	+0.0220%	1h	23.710	+1.053%	$3K	$26K	5.5x	as long as short