Funding arb · Price arb /

GME

RWAall GME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0439%/8h= −48.1% APRpaid last 24h −0.026%

Price spread now: Bitget against tradeXYZ−0.064%7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$660.665% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.182%−$18 on $10k

Price spread, last 7 days+0.069%+$7 · spread now −0.064%, 7d avg +0.039%

Together, before fees−0.113%+ Points / potential airdroptradeXYZ: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Bitget is 0.103% cheaper against tradeXYZ than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.039%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.182% in total (about -9.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GME	23.365	0.0439	pay 0.0055% / 1h	34m 09s	$3.6M	$2.6M	10x
Short	Bitget GMEUSDT	23.350	0	get 0.0000% / 8h	7h 34m	$365K	$814K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against tradeXYZ. 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 tradeXYZbpFee BitgetbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$92.25
Price spread: −0.064% → +0.039%: −$10.29
Slippage, 4 orders: −$36.47
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$169.01
Costs to cover: 0.665%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 3 min ago; Bitget: live order book, 57 min ago.

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 tradeXYZ live order book, 3 min ago	0.21 bp	19.8 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 57 min ago	12.75 bp	18.8 bp −$19	34.8 bp −$348	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	23.404	+0.165%	$11K	$21K	20x	as long as short
Binance GMEUSDT	0.0000%	8h	23.366	+0.004%	$1.0M	$5.3M	20x	as long as short
OKX GME-USDT-SWAP	0.0000%	8h	23.360	−0.021%	$303K	$204K	20x	as long as short
Gate GME_USDT	0.0000%	8h	23.380	+0.064%	$477K	$22K	20x	as long as short
Bitget GMEUSDTshort	0.0000%	8h	23.350	−0.064%	$365K	$814K	20x
Variational Omni GME	0.0000%	8h	23.361	−0.016%	$210K	$258K	—	as long as short
SunX GME-USDT	0.0000%	8h	23.350	−0.064%	—	$2.3M	10x	as long as short
HTX GME-USDT	0.0000%	8h	23.420	+0.235%	$12K	$10K	10x	as long as short
Lighter GME	+0.0032%	1h	23.359	−0.026%	—	—	10x	as long as short
Arcus GME-USD	+0.0040%	1h	23.350	−0.064%	$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 GMEUSDTM	+0.0100%	8h	23.360	−0.021%	$160K	$1.0M	20x	as long as short
Injective GME/USDC PERP	+0.0220%	1h	23.770	+1.733%	$3K	$26K	5.5x	as long as short
tradeXYZ xyz:GMElong	+0.0439%	1h	23.365	long leg	$3.6M	$2.6M	10x