Funding arb · Price arb /

GME

RWAall GME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0532%/8h= −58.2% APRpaid last 24h −0.029%

Price spread now: OKX against tradeXYZ−0.076%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$1351.349% of the position

Long on tradeXYZ Short on OKX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.076%, 7d avg −0.024%

Together, before fees−0.087%+ Points / potential airdroptradeXYZ: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and OKX is 0.052% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.024%). Swap the legs.

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	23.618	0.0532	pay 0.0066% / 1h	57m 26s	$3.6M	$2.6M	10x
Short	OKX GME-USDT-SWAP	23.600	0	get 0.0000% / 8h	57m 26s	$302K	$200K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.076%Rate

Funding earned: −$111.63
Price spread: −0.076% → −0.024%: −$5.18
Slippage, 4 orders: −$106.89
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: −$251.7
Costs to cover: 1.349%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 11 min ago; OKX: live order book, 43 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, 11 min ago	4.24 bp	13.6 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 43 min ago	4.25 bp	64.0 bp −$64	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
Aster GMEUSDT	0.0000%	8h	23.603	−0.063%	$11K	$20K	20x	as long as short
Binance GMEUSDT	0.0000%	8h	23.600	−0.076%	$1.1M	$5.3M	20x	as long as short
OKX GME-USDT-SWAPshort	0.0000%	8h	23.600	−0.076%	$302K	$200K	20x
Gate GME_USDT	0.0000%	8h	23.638	+0.085%	$480K	$23K	20x	as long as short
Bitget GMEUSDT	0.0000%	8h	23.610	−0.034%	$365K	$891K	20x	as long as short
Variational Omni GME	0.0000%	8h	23.661	+0.181%	$214K	$257K	—	as long as short
SunX GME-USDT	0.0000%	8h	23.610	−0.034%	—	$2.4M	10x	as long as short
HTX GME-USDT	0.0000%	8h	23.660	+0.178%	$12K	$10K	10x	as long as short
Lighter GME	+0.0032%	1h	23.599	−0.080%	—	—	10x	as long as short
Arcus GME-USD	+0.0040%	1h	23.610	−0.034%	$1K	$7K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin GMEUSDTM	+0.0100%	8h	23.600	−0.076%	$161K	$991K	20x	as long as short
Injective GME/USDC PERP	+0.0220%	1h	23.840	+0.940%	$3K	$26K	5.5x	as long as short
tradeXYZ xyz:GMElong	+0.0532%	1h	23.618	long leg	$3.6M	$2.6M	10x