GME Funding Rate — GameStop tokenized stock perpetuals across 8 venues
Tokenized stock (xStock) perpetual · compared across 8 venues · net of estimated fees · updated every few minutes
GME represents tokenized exposure to GameStop shares (a Backed.fi xStock) traded as a perpetual. The perp, its funding and the underlying share are three different things — read the rate with liquidity and the backtest below.
Live annualized GME perpetual funding across all 8 venues Perpia tracks. Right now GME funding is positive on 0 and negative on 3, ranging from +0.0% on Bitget to -114.0% on trade.xyz — a spread of 114.0%. The widest delta-neutral trade is long Hyperliquid / short Bitget at 104.0% net APR.
GME funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
GME funding rate by venue
17 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Bitget↗ | +0.0% | 8h |
| OKX↗ | +0.0% | 8h |
| Variational↗ | +0.0% | 8h |
| Gate.io↗ | +0.0% | 8h |
| Aster↗ | +0.0% | 8h |
| KuCoin↗ | -52.5% | 8h |
| Hyperliquid↗ | -113.3% | 1h |
| trade.xyz↗ | -114.0% | 1h |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Hyperliquid vs Bitget page.
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GME funding — FAQ
Is GME funding positive right now?
GME perpetual funding is positive on 0 of 8 venues Perpia tracks and negative on 3. The highest is +0.0% on Bitget; the lowest is -114.0% on trade.xyz.
What is the best GME funding arbitrage right now?
Go long Hyperliquid and short Bitget for about 104.0% net APR after fees — the widest delta-neutral GME spread Perpia currently sees.
Which exchange has the highest GME funding rate?
Bitget, at +0.0% annualized. Funding shifts continuously, so check the live table above before trading.
How GME funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Related tokenized stocks
See the full list on the tokenized stocks hub.