Funding arb · Price arb /

GME

RWAall GME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: Variational Omni against Lighter+0.130%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.130% dearer against Lighter than usual: you sell high and buy low (spread +0.130% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter GME	23.650	0.0032	pay 0.0004% / 1h	42m 11s	—	—	10x
Short	Variational Omni GME	23.681	0	get 0.0000% / 8h	3h 42m	$218K	$265K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Position, each leg$Hold fordaysFee LighterbpFee Variational OmnibpOrdersPrice spread, now +0.130%Rate

Funding earned: −$6.72
Price spread: +0.130% → 0.000%: $13.05
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $6.33
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Variational Omni: RFQ quote, 12 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 Lighter no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 12 min ago	6.76 bp	doesn't fit	109.4 bp −$1,094	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GMEUSDT	0.0000%	8h	23.670	+0.086%	$11K	$20K	20x	as long as short
Binance GMEUSDT	0.0000%	8h	23.681	+0.133%	$1.2M	$5.5M	20x	as long as short
OKX GME-USDT-SWAP	0.0000%	8h	23.680	+0.127%	$304K	$204K	20x	as long as short
Gate GME_USDT	0.0000%	8h	23.710	+0.254%	$483K	$24K	20x	as long as short
Variational Omni GMEshort	0.0000%	8h	23.681	+0.130%	$218K	$265K	—
SunX GME-USDT	0.0000%	8h	23.670	+0.085%	—	$2.4M	10x	as long as short
HTX GME-USDT	0.0000%	8h	23.690	+0.169%	$12K	$10K	10x	as long as short
Lighter GMElong	+0.0032%	1h	23.650	long leg	—	—	10x
Arcus GME-USD	+0.0040%	1h	23.670	+0.085%	$1K	$6K	10x	as long as short
Bitget GMEUSDT	+0.0071%	8h	23.690	+0.169%	$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	23.680	+0.127%	$162K	$987K	20x	as long as short
tradeXYZ xyz:GME	+0.0112%	1h	23.675	+0.106%	$3.6M	$3.1M	10x	as long as short
Injective GME/USDC PERP	+0.0220%	1h	23.980	+1.395%	$3K	$26K	5.5x	as long as short