Funding arb · Price arb /

GME

RWAall GME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0437%/8h= −47.8% APRpaid last 24h −0.026%

Price spread now: Gate against tradeXYZ+0.098%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$397as in the Funding arb table

Net, price: spread back to 7d avg − costs−$370as in the Price arb table

costs, in and out, $10k−$3793.790% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.130%−$13 · spread now +0.098%, 7d avg +0.005%

Together, before fees−0.311%+ Points / potential airdroptradeXYZ: Active · farm board−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.094% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.098% now, against its 7-day average of +0.005%): +$9 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.182% in total) that is about 3.6 days.

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	23.357	0.0437	pay 0.0055% / 1h	34m 04s	$3.6M	$2.6M	10x
Short	Gate GME_USDT	23.380	0	get 0.0000% / 8h	7h 34m	$477K	$22K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.098%Rate

Funding earned: −$91.7
Price spread: +0.098% → +0.005%: $9.37
Slippage, 4 orders: −$346.04
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$461.37
Costs to cover: 3.790%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 3 min ago; Gate: live order book, 62 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 Gate live order book, 62 min ago	16.57 bp	253.5 bp −$253	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	23.401	+0.188%	$11K	$21K	20x	as long as short
Binance GMEUSDT	0.0000%	8h	23.365	+0.034%	$1.0M	$5.3M	20x	as long as short
OKX GME-USDT-SWAP	0.0000%	8h	23.360	+0.013%	$303K	$204K	20x	as long as short
Gate GME_USDTshort	0.0000%	8h	23.380	+0.098%	$477K	$22K	20x
Bitget GMEUSDT	0.0000%	8h	23.350	−0.030%	$365K	$814K	20x	as long as short
Variational Omni GME	0.0000%	8h	23.361	+0.018%	$210K	$258K	—	as long as short
SunX GME-USDT	0.0000%	8h	23.350	−0.030%	—	$2.3M	10x	as long as short
HTX GME-USDT	0.0000%	8h	23.420	+0.270%	$12K	$10K	10x	as long as short
Lighter GME	+0.0032%	1h	23.359	+0.009%	—	—	10x	as long as short
Arcus GME-USD	+0.0040%	1h	23.350	−0.030%	$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	+0.013%	$160K	$1.0M	20x	as long as short
Injective GME/USDC PERP	+0.0220%	1h	23.770	+1.768%	$3K	$26K	5.5x	as long as short
tradeXYZ xyz:GMElong	+0.0437%	1h	23.357	long leg	$3.6M	$2.6M	10x