Funding arb · Price arb /

GME

RWAall GME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.032%

Price spread now: Binance against tradeXYZ+0.059%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$550.550% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.224%−$22 on $10k

Price spread, last 7 days−0.097%−$10 · spread now +0.059%, 7d avg −0.014%

Together, before fees−0.321%+ Points / potential airdroptradeXYZ: Active · farm board−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.072% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of −0.014%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.8 days. At the pace of the last 7 days (−0.224% in total) that is about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GME	23.476	0.0050	pay 0.0006% / 1h	21m 35s	$3.6M	$3.7M	10x
Short	Binance GMEUSDT	23.490	0	get 0.0000% / 8h	5h 21m	$1.1M	$7.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.059%Rate

Funding earned: −$10.5
Price spread: +0.059% → −0.014%: $7.25
Slippage, 4 orders: −$27
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$58.25
Costs to cover: 0.550%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 5 min ago; Binance: live order book, 2 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, 5 min ago	2.34 bp	12.7 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	2.13 bp	11.7 bp −$12	53.5 bp −$535	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	23.490	+0.059%	$11K	$20K	20x	as long as short
Binance GMEUSDTshort	0.0000%	8h	23.490	+0.059%	$1.1M	$7.3M	20x
OKX GME-USDT-SWAP	0.0000%	8h	23.490	+0.060%	$302K	$220K	20x	as long as short
Gate GME_USDT	0.0000%	8h	23.519	+0.183%	$479K	$27K	20x	as long as short
Bitget GMEUSDT	0.0000%	8h	23.480	+0.017%	$369K	$1.5M	20x	as long as short
Variational Omni GME	0.0000%	8h	23.460	−0.067%	$216K	$284K	—	as long as short
SunX GME-USDT	0.0000%	8h	23.480	+0.017%	—	$2.4M	10x	as long as short
HTX GME-USDT	0.0000%	8h	23.560	+0.358%	$12K	$10K	10x	as long as short
Lighter GME	+0.0032%	1h	23.469	−0.030%	—	—	10x	as long as short
Arcus GME-USD	+0.0040%	1h	23.460	−0.068%	$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
tradeXYZ xyz:GMElong	+0.0050%	1h	23.476	long leg	$3.6M	$3.7M	10x
KuCoin GMEUSDTM	+0.0100%	8h	23.480	+0.017%	$161K	$997K	20x	as long as short
Injective GME/USDC PERP	+0.0220%	1h	23.710	+0.997%	$3K	$26K	5.5x	as long as short