Funding arb · Price arb /

GME

RWAall GME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.025%

Price spread now: Variational Omni against tradeXYZ−0.004%7-day average −0.051% · you buy dearer than you sell

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

Long on tradeXYZ Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.096%−$10 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.004%, 7d avg −0.051%

Together, before fees−0.116%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.047% dearer against tradeXYZ than usual: you sell high and buy low (spread −0.004% now, against its 7-day average of −0.051%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GME	23.570	0.0050	pay 0.0006% / 1h	42m 55s	$3.6M	$2.6M	10x
Short	Variational Omni GME	23.569	0	get 0.0000% / 8h	5h 42m	$211K	$256K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against tradeXYZ. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.004%Rate

Funding earned: −$10.5
Price spread: −0.004% → −0.051%: $4.68
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$23.82
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 8 min ago; Variational Omni: RFQ quote, 4 min ago. 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 tradeXYZ live order book, 8 min ago	3.39 bp	15.7 bp −$16	38.3 bp −$383	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	11.25 bp	doesn't fit	103.8 bp −$1,038	doesn't fit	doesn't fit

GME on 13 exchanges

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	23.544	−0.109%	$11K	$21K	20x	as long as short
Binance GMEUSDT	0.0000%	8h	23.555	−0.064%	$1.0M	$5.1M	20x	as long as short
OKX GME-USDT-SWAP	0.0000%	8h	23.570	0.000%	$305K	$193K	20x	as long as short
Gate GME_USDT	0.0000%	8h	23.583	+0.055%	$481K	$22K	20x	as long as short
Bitget GMEUSDT	0.0000%	8h	23.550	−0.085%	$361K	$795K	20x	as long as short
Variational Omni GMEshort	0.0000%	8h	23.569	−0.004%	$211K	$256K	—
SunX GME-USDT	0.0000%	8h	23.560	−0.042%	—	$1.7M	10x	as long as short
HTX GME-USDT	0.0000%	8h	23.620	+0.212%	$12K	$11K	10x	as long as short
Lighter GME	+0.0032%	1h	23.554	−0.068%	—	—	10x	as long as short
Arcus GME-USD	+0.0040%	1h	23.570	0.000%	$1K	$7K	10x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GMElong	+0.0050%	1h	23.570	long leg	$3.6M	$2.6M	10x
KuCoin GMEUSDTM	+0.0100%	8h	23.560	−0.042%	$160K	$1.1M	20x	as long as short
Injective GME/USDC PERP	+0.0220%	1h	23.780	+0.891%	$3K	$26K	5.5x	as long as short