Funding arb · Price arb /

GME

RWAall GME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0091%/8h= +9.9% APRnext payment +$0.11 per $10,000 · paid last 24h —

Price spread now: Lighter against tradeXYZ−0.077%7-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 Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.077% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.8 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GME	23.455	−0.0059	get 0.0007% / 1h	49m 36s	$3.6M	$3.7M	10x
Short	Lighter GME	23.437	0.0032	get 0.0004% / 1h	49m 36s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.077%Rate

Funding earned: $19.04
Price spread: −0.077% → 0.000%: −$7.67
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Lighter: 0 bp × 2 orders: $0
Net: −$6.64
Costs to cover: 0.180%
Break-even: 9.4 days

Slippage unknown: tradeXYZ: live order book, 9 min ago; Lighter: 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	2.34 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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	−0.0059%	1h	23.455	long leg	$3.6M	$3.7M	10x
Aster GMEUSDT	0.0000%	8h	23.442	−0.055%	$11K	$20K	20x	as long as short
Binance GMEUSDT	0.0000%	8h	23.444	−0.046%	$1.1M	$7.3M	20x	as long as short
OKX GME-USDT-SWAP	0.0000%	8h	23.470	+0.064%	$302K	$221K	20x	as long as short
Gate GME_USDT	0.0000%	8h	23.471	+0.068%	$478K	$27K	20x	as long as short
Bitget GMEUSDT	0.0000%	8h	23.460	+0.021%	$368K	$1.5M	20x	as long as short
Variational Omni GME	0.0000%	8h	23.451	−0.018%	$215K	$284K	—	as long as short
SunX GME-USDT	0.0000%	8h	23.470	+0.064%	—	$2.4M	10x	as long as short
HTX GME-USDT	0.0000%	8h	23.490	+0.149%	$12K	$10K	10x	as long as short
Lighter GMEshort	+0.0032%	1h	23.437	−0.077%	—	—	10x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus GME-USD	+0.0040%	1h	23.450	−0.021%	$1K	$8K	10x	as long as short
KuCoin GMEUSDTM	+0.0100%	8h	23.450	−0.021%	$160K	$999K	20x	as long as short
Injective GME/USDC PERP	+0.0220%	1h	23.700	+1.045%	$3K	$26K	5.5x	as long as short