Funding arb · Price arb /

GME

RWAall GME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.012%

Price spread now: Arcus against Variational Omni+0.055%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.055% dearer against Variational Omni than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GME	23.317	0	get 0.0000% / 8h	1h 27m	$60K	$120K	—
Short	Arcus GME-USD	23.330	0.0040	get 0.0005% / 1h	27m 36s	$1K	$9K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee ArcusbpOrdersPrice spread, now +0.055%Rate

Funding earned: $8.46
Price spread: +0.055% → 0.000%: $5.54
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $9.5
Costs to cover: 0.045%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 56 min ago; Arcus: 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 Variational Omni RFQ quote, 56 min ago	6.84 bp	doesn't fit	166.6 bp −$1,666	doesn't fit	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

Arcus: 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
Injective GME/USDC PERP	−0.0220%	1h	23.620	+1.299%	$3K	$26K	5.5x	as long as short
Aster GMEUSDT	0.0000%	8h	23.347	+0.130%	$11K	$20K	20x	as long as short
Binance GMEUSDT	0.0000%	8h	23.340	+0.098%	$1.1M	$7.0M	20x	as long as short
OKX GME-USDT-SWAP	0.0000%	8h	23.340	+0.098%	$310K	$202K	20x	as long as short
Gate GME_USDT	0.0000%	8h	23.335	+0.077%	$456K	$18K	20x	as long as short
Bitget GMEUSDT	0.0000%	8h	23.350	+0.141%	$384K	$1.5M	20x	as long as short
Variational Omni GMElong	0.0000%	8h	23.317	long leg	$60K	$120K	—
SunX GME-USDT	0.0000%	8h	23.320	+0.012%	—	$2.6M	10x	as long as short
HTX GME-USDT	0.0000%	8h	23.390	+0.313%	$12K	$9K	10x	as long as short
Lighter GME	+0.0032%	1h	23.329	+0.051%	—	—	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-USDshort	+0.0040%	1h	23.330	+0.055%	$1K	$9K	10x
tradeXYZ xyz:GME	+0.0050%	1h	23.339	+0.094%	$3.3M	$4.1M	10x	as long as short
KuCoin GMEUSDTM	+0.0100%	8h	23.320	+0.012%	$143K	$926K	20x	as long as short