Funding arb · Price arb /

GME

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.032%

Price spread now: Injective against KuCoin+1.017%115s7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Injective is 1.017% dearer against KuCoin than usual: you sell high and buy low: +$102 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 115 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GMEUSDTM	23.600	0.0100	pay 0.0100% / 8h	57m 23s	$161K	$991K	20x
Short	Injective GME/USDC PERP	23.840	0.0220	get 0.0028% / 1h	57m 23s	$3K	$26K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against KuCoin. 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 KuCoinbpFee InjectivebpOrdersPrice spread, now +1.017%Rate

Funding earned: $25.2
Price spread: +1.017% → 0.000%: $101.69
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $114.87
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 27 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 KuCoin live order book, 27 min ago	4.24 bp	304.3 bp −$304	doesn't fit	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
Aster GMEUSDT	0.0000%	8h	23.603	+0.013%	$11K	$20K	20x	as long as short
Binance GMEUSDT	0.0000%	8h	23.600	0.000%	$1.1M	$5.3M	20x	as long as short
OKX GME-USDT-SWAP	0.0000%	8h	23.600	0.000%	$302K	$200K	20x	as long as short
Gate GME_USDT	0.0000%	8h	23.638	+0.161%	$480K	$23K	20x	as long as short
Bitget GMEUSDT	0.0000%	8h	23.610	+0.042%	$365K	$891K	20x	as long as short
Variational Omni GME	0.0000%	8h	23.661	+0.258%	$214K	$257K	—	as long as short
SunX GME-USDT	0.0000%	8h	23.610	+0.042%	—	$2.4M	10x	as long as short
HTX GME-USDT	0.0000%	8h	23.660	+0.254%	$12K	$10K	10x	as long as short
Lighter GME	+0.0032%	1h	23.599	−0.004%	—	—	10x	as long as short
Arcus GME-USD	+0.0040%	1h	23.610	+0.042%	$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 GMEUSDTMlong	+0.0100%	8h	23.600	long leg	$161K	$991K	20x
Injective GME/USDC PERPshort	+0.0220%	1h	23.840	+1.017%	$3K	$26K	5.5x
tradeXYZ xyz:GME	+0.0532%	1h	23.618	+0.076%	$3.6M	$2.6M	10x	as long as short