Funding arb · Price arb /

GME

RWAall GME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1863%/8h= −204.0% APRpaid last 24h −0.033%

Price spread now: Gate against tradeXYZ−0.135%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$770.775% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.173%−$17 on $10k

Price spread, last 4 days (all we have)+0.142%+$14 · spread now −0.135%, 7d avg +0.003%

Together, before fees−0.031%+ Points / potential airdroptradeXYZ: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$56 a day on $10k at the current rate, and Gate is 0.138% cheaper against tradeXYZ than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.003%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.173% in total (about -9.0% 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	23.695	0.1863	pay 0.0233% / 1h	33m 05s	$3.6M	$3.3M	10x
Short	Gate GME_USDT	23.663	0	get 0.0000% / 8h	4h 33m	$482K	$25K	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 −0.135%Rate

Funding earned: −$391.32
Price spread: −0.135% → +0.003%: −$13.78
Slippage, 4 orders: −$44.5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$482.59
Costs to cover: 0.775%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 5 min ago; Gate: live order book, 23 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	1.48 bp	13.1 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 23 min ago	11.65 bp	31.7 bp −$32	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	23.715	+0.083%	$11K	$20K	20x	as long as short
Binance GMEUSDT	0.0000%	8h	23.709	+0.059%	$1.2M	$7.0M	20x	as long as short
OKX GME-USDT-SWAP	0.0000%	8h	23.730	+0.148%	$305K	$225K	20x	as long as short
Gate GME_USDTshort	0.0000%	8h	23.663	−0.135%	$482K	$25K	20x
Bitget GMEUSDT	0.0000%	8h	23.710	+0.063%	$357K	$1.5M	20x	as long as short
Variational Omni GME	0.0000%	8h	23.681	−0.060%	$218K	$267K	—	as long as short
SunX GME-USDT	0.0000%	8h	23.690	−0.021%	—	$2.4M	10x	as long as short
HTX GME-USDT	0.0000%	8h	23.790	+0.401%	$12K	$10K	10x	as long as short
Lighter GME	+0.0032%	1h	23.748	+0.224%	—	—	10x	as long as short
Arcus GME-USD	+0.0040%	1h	23.690	−0.021%	$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	23.700	+0.021%	$163K	$996K	20x	as long as short
Injective GME/USDC PERP	+0.0220%	1h	23.930	+0.992%	$3K	$26K	5.5x	as long as short
tradeXYZ xyz:GMElong	+0.1863%	1h	23.695	long leg	$3.6M	$3.3M	10x