Funding arb · Price arb /

GME

RWAall GME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Variational Omni−0.089%7-day average — · you buy dearer than you sell

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

Long on Variational Omni 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 airdropVariational Omni: Active · Lighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.089% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.089% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 9.2 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GME	23.571	0	get 0.0000% / 8h	1h 55m	$217K	$253K	—
Short	Lighter GME	23.550	0.0032	get 0.0004% / 1h	55m 08s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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 Variational OmnibpFee LighterbpOrdersPrice spread, now −0.089%Rate

Funding earned: $6.72
Price spread: −0.089% → 0.000%: −$8.86
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$2.14
Costs to cover: 0.000%
Break-even: 9.2 days

Slippage unknown: Variational Omni: RFQ quote, 54 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 Variational Omni RFQ quote, 54 min ago	6.78 bp	doesn't fit	147.8 bp −$1,478	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:GME	−0.0198%	1h	23.576	+0.022%	$3.6M	$2.7M	10x	as long as short
Aster GMEUSDT	0.0000%	8h	23.558	−0.055%	$11K	$20K	20x	as long as short
Binance GMEUSDT	0.0000%	8h	23.560	−0.046%	$1.1M	$5.3M	20x	as long as short
OKX GME-USDT-SWAP	0.0000%	8h	23.550	−0.089%	$301K	$200K	20x	as long as short
Gate GME_USDT	0.0000%	8h	23.592	+0.090%	$479K	$23K	20x	as long as short
Bitget GMEUSDT	0.0000%	8h	23.570	−0.004%	$377K	$908K	20x	as long as short
Variational Omni GMElong	0.0000%	8h	23.571	long leg	$217K	$253K	—
SunX GME-USDT	0.0000%	8h	23.570	−0.004%	—	$2.4M	10x	as long as short
HTX GME-USDT	0.0000%	8h	23.610	+0.166%	$12K	$10K	10x	as long as short
Lighter GMEshort	+0.0032%	1h	23.550	−0.089%	—	—	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	23.560	−0.046%	$1K	$7K	10x	as long as short
KuCoin GMEUSDTM	+0.0100%	8h	23.560	−0.046%	$161K	$976K	20x	as long as short
Injective GME/USDC PERP	+0.0220%	1h	23.800	+0.972%	$3K	$26K	5.5x	as long as short