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Funding arb · Price arb /

GME

RWAall GME markets
SwapBacktest
Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 03:00 UTC+0.0262%/8h= +28.7% APRnext payment +$0.33 per $10,000 · paid last 24h —
Price spread now: tradeXYZ against Lighter+0.072%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on LighterShort on tradeXYZ
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 airdropLighter: Season 3 · tradeXYZ: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and tradeXYZ is 0.072% dearer against Lighter than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter GME23.5650.0032pay 0.0004% / 1h1m 02s——10x
ShorttradeXYZ xyz:GME23.5820.0294get 0.0037% / 1h1m 02s$3.6M$3.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ against Lighter. 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

Funding earned
$55.04
Price spread: +0.072% → 0.000%
$7.21
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
$44.25
Costs to cover
0.180%
Break-even
1.4 days
Slippage unknown: Lighter: no order-book sample; tradeXYZ: live order book, 7 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter no order-book sample—————
Sell tradeXYZ live order book, 7 min ago2.54 bp13.3 bp −$13doesn't fitdoesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster GMEUSDT0.0000%8h23.570+0.021%$11K$20K20xas long as short
Binance GMEUSDT0.0000%8h23.569+0.018%$1.1M$7.3M20xas long as short
OKX GME-USDT-SWAP0.0000%8h23.580+0.064%$303K$222K20xas long as short
Gate GME_USDT0.0000%8h23.586+0.089%$481K$27K20xas long as short
Bitget GMEUSDT0.0000%8h23.550−0.064%$364K$1.5M20xas long as short
Variational Omni GME0.0000%8h23.560−0.019%$217K$284K—as long as short
SunX GME-USDT0.0000%8h23.570+0.021%—$2.4M10xas long as short
HTX GME-USDT0.0000%8h23.620+0.233%$12K$10K10xas long as short
Lighter GMElong+0.0032%1h23.565long leg——10x
Arcus GME-USD+0.0040%1h23.570+0.021%$1K$7K10xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin GMEUSDTM+0.0100%8h23.580+0.064%$163K$998K20xas long as short
Injective GME/USDC PERP+0.0220%1h23.730+0.700%$3K$26K5.5xas long as short
tradeXYZ xyz:GMEshort+0.0294%1h23.582+0.072%$3.6M$3.7M10x