Funding arb · Price arb /

GME

RWAall GME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Variational Omni+0.249%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Lighter

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 airdropVariational Omni: Active · Lighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.249% dearer against Variational Omni than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GME	23.461	0	get 0.0000% / 8h	6h 57m	$210K	$258K	—
Short	Lighter GME	23.519	0.0032	get 0.0004% / 1h	57m 10s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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 Variational OmnibpFee LighterbpOrdersPrice spread, now +0.249%Rate

Funding earned: $6.72
Price spread: +0.249% → 0.000%: $24.87
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $31.59
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 37 min ago; Lighter: 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 Variational Omni RFQ quote, 37 min ago	11.32 bp	doesn't fit	126.8 bp −$1,268	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

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	23.510	+0.210%	$11K	$21K	20x	as long as short
Binance GMEUSDT	0.0000%	8h	23.535	+0.316%	$1.0M	$5.3M	20x	as long as short
OKX GME-USDT-SWAP	0.0000%	8h	23.530	+0.296%	$305K	$193K	20x	as long as short
Gate GME_USDT	0.0000%	8h	23.526	+0.279%	$480K	$22K	20x	as long as short
Bitget GMEUSDT	0.0000%	8h	23.540	+0.338%	$361K	$810K	20x	as long as short
Variational Omni GMElong	0.0000%	8h	23.461	long leg	$210K	$258K	—
SunX GME-USDT	0.0000%	8h	23.520	+0.253%	—	$2.1M	10x	as long as short
HTX GME-USDT	0.0000%	8h	23.550	+0.381%	$12K	$10K	10x	as long as short
Lighter GMEshort	+0.0032%	1h	23.519	+0.249%	—	—	10x
Injective GME/USDC PERP	+0.0033%	1h	23.770	+1.319%	$3K	$26K	5.5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus GME-USD	+0.0040%	1h	23.530	+0.296%	$1K	$7K	10x	as long as short
tradeXYZ xyz:GME	+0.0050%	1h	23.527	+0.283%	$3.6M	$2.6M	10x	as long as short
KuCoin GMEUSDTM	+0.0100%	8h	23.520	+0.253%	$160K	$1.1M	20x	as long as short