Funding arb · Price arb /

GME

RWAall GME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0210%/8h= +23.0% APRpaid last 24h +0.020%

Price spread now: tradeXYZ against Variational Omni+0.001%7-day average +0.053% · you sell dearer than you buy

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

Long on Variational Omni Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.105%+$11 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now +0.001%, 7d avg +0.053%

Together, before fees+0.129%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.052% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.001% now, against its 7-day average of +0.053%). If the spread goes back, that is −$5 on $10k: about 20 hours of funding at the current rate (+$6 a day). At the pace of the last 4 days (+0.105% in total) that is about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GME	23.681	0	get 0.0000% / 8h	3h 44m	$218K	$265K	—
Short	tradeXYZ xyz:GME	23.681	0.0210	get 0.0026% / 1h	44m 14s	$3.6M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.001%Rate

Funding earned: $44.19
Price spread: +0.001% → +0.053%: −$5.23
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $20.96
Costs to cover: 0.180%
Break-even: 3.7 days

Slippage unknown: Variational Omni: RFQ quote, 10 min ago; tradeXYZ: live order book, 4 min ago. 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, 10 min ago	6.76 bp	doesn't fit	92.6 bp −$926	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	1.90 bp	13.1 bp −$13	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	23.690	+0.037%	$11K	$20K	20x	as long as short
Binance GMEUSDT	0.0000%	8h	23.680	−0.004%	$1.2M	$5.5M	20x	as long as short
OKX GME-USDT-SWAP	0.0000%	8h	23.670	−0.046%	$304K	$204K	20x	as long as short
Gate GME_USDT	0.0000%	8h	23.714	+0.140%	$483K	$24K	20x	as long as short
Variational Omni GMElong	0.0000%	8h	23.681	long leg	$218K	$265K	—
SunX GME-USDT	0.0000%	8h	23.670	−0.046%	—	$2.4M	10x	as long as short
HTX GME-USDT	0.0000%	8h	23.740	+0.250%	$12K	$10K	10x	as long as short
Lighter GME	+0.0032%	1h	23.679	−0.008%	—	—	10x	as long as short
Arcus GME-USD	+0.0040%	1h	23.670	−0.046%	$1K	$6K	10x	as long as short
Bitget GMEUSDT	+0.0074%	8h	23.690	+0.039%	$356K	$955K	20x	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	23.690	+0.039%	$162K	$986K	20x	as long as short
tradeXYZ xyz:GMEshort	+0.0210%	1h	23.681	+0.001%	$3.6M	$3.1M	10x
Injective GME/USDC PERP	+0.0220%	1h	23.980	+1.263%	$3K	$26K	5.5x	as long as short