Settings8H · net · $10k
Funding arb · Price arb /

RED

all RED markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Binance−0.056%7-day average +0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$960.960% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.047%−$5 on $10k
Price spread, last 4 days (all we have)+0.142%+$14 · spread now −0.056%, 7d avg +0.098%
Together, before fees+0.095%+$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.154% cheaper against Binance than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.098%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance REDUSDT0.15080.0100pay 0.0050% / 4h1h 56m$2.4M$3.9M50x
ShortBitget REDUSDT0.15070.0100get 0.0050% / 4h1h 56m$722K$305K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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

Funding earned
$0
Price spread: −0.056% → +0.098%
−$15.41
Slippage, 4 orders
−$74
Fee Binance: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$111.4
Costs to cover
0.960%
Break-even
never at this rate
Slippage from Binance: live order book, 10 min ago; Bitget: live order book, 23 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 10 min ago3.32 bp22.3 bp −$22107.3 bp −$1,073doesn't fitdoesn't fit
Sell Bitget live order book, 23 min ago9.92 bp26.0 bp −$26100.3 bp −$1,003doesn't fitdoesn't fit

RED on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster REDUSDT+0.0100%4h0.1506−0.115%$21K$33K5xas long as short
Binance REDUSDTlong+0.0100%4h0.1508long leg$2.4M$3.9M50x
Bybit REDUSDT+0.0100%4h0.1506−0.116%$2.2M$1.7M25xas long as short
Gate RED_USDT+0.0100%4h0.1505−0.189%$348K$151K25xas long as short
Bitget REDUSDTshort+0.0100%4h0.1507−0.056%$722K$305K20x
Variational Omni RED+0.0100%4h0.1505−0.195%$25K$3Kas long as short
SunX RED-USDT+0.0100%4h0.1542+2.265%$2K$659K20xas long as short
Extended RED-USD+0.0104%1h0.1507−0.060%$305xas long as short
BloFin RED-USDT+0.0156%4h0.1499−0.580%$225K$4K25xas long as short
MEXC RED_USDT+0.0386%4h0.1506−0.122%$551K$170K20xas long as short