Funding arb · Price arb /

GME

RWAall GME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.060%

Price spread now: Injective against Variational Omni+1.039%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 Injective

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 +$7 a day on $10k at the current rate, and Injective is 1.039% dearer against Variational Omni than usual: you sell high and buy low: +$104 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	23.456	0	get 0.0000% / 8h	7h 36m	$216K	$286K	—
Short	Injective GME/USDC PERP	23.700	0.0220	get 0.0028% / 1h	36m 57s	$3K	$26K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.039%Rate

Funding earned: $46.2
Price spread: +1.039% → 0.000%: $103.87
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $150.05
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 37 min ago; Injective: 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, 37 min ago	6.82 bp	doesn't fit	96.8 bp −$968	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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:GME	−0.0350%	1h	23.455	−0.006%	$3.6M	$4.2M	10x	as long as short
Aster GMEUSDT	0.0000%	8h	23.452	−0.018%	$11K	$20K	20x	as long as short
Binance GMEUSDT	0.0000%	8h	23.447	−0.038%	$1.1M	$7.3M	20x	as long as short
OKX GME-USDT-SWAP	0.0000%	8h	23.430	−0.112%	$302K	$222K	20x	as long as short
Gate GME_USDT	0.0000%	8h	23.468	+0.050%	$477K	$27K	20x	as long as short
Bitget GMEUSDT	0.0000%	8h	23.460	+0.016%	$367K	$1.5M	20x	as long as short
Variational Omni GMElong	0.0000%	8h	23.456	long leg	$216K	$286K	—
SunX GME-USDT	0.0000%	8h	23.440	−0.070%	—	$2.6M	10x	as long as short
HTX GME-USDT	0.0000%	8h	23.450	−0.027%	$12K	$9K	10x	as long as short
Lighter GME	+0.0032%	1h	23.435	−0.091%	—	—	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	23.450	−0.027%	$1K	$8K	10x	as long as short
KuCoin GMEUSDTM	+0.0100%	8h	23.460	+0.016%	$146K	$961K	20x	as long as short
Injective GME/USDC PERPshort	+0.0220%	1h	23.700	+1.039%	$3K	$26K	5.5x