Funding arb · Price arb /

RED

all RED markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Binance+2.493%7-day average +2.397% · you sell dearer than you buy

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

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 4 days (all we have)+0.200%+$20 · spread now +2.493%, 7d avg +2.397%

Together, before fees+0.284%+$28 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: SunX is 0.096% dearer against Binance than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +2.397%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance REDUSDT	0.1590	0.0100	pay 0.0050% / 4h	3h 39m	$2.3M	$4.4M	50x
Short	SunX RED-USDT	0.1630	0.0100	get 0.0050% / 4h	3h 39m	$2K	$865K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee BinancebpFee SunXbpOrdersPrice spread, now +2.493%Rate

Funding earned: $0
Price spread: +2.493% → +2.397%: $9.58
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$8.42
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 12 min ago; SunX: live order book, 3 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 Binance live order book, 12 min ago	3.15 bp	30.9 bp −$31	151.2 bp −$1,512	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	254.52 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

RED on 10 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
BloFin RED-USDT	+0.0085%	4h	0.1592	+0.129%	$220K	$6K	25x	as long as short
Aster REDUSDT	+0.0100%	4h	0.1592	+0.097%	$28K	$39K	5x	as long as short
Binance REDUSDTlong	+0.0100%	4h	0.1590	long leg	$2.3M	$4.4M	50x
Bybit REDUSDT	+0.0100%	4h	0.1593	+0.167%	$1.9M	$2.1M	25x	as long as short
Gate RED_USDT	+0.0100%	4h	0.1594	+0.229%	$362K	$95K	25x	as long as short
Bitget REDUSDT	+0.0100%	4h	0.1592	+0.104%	$787K	$373K	20x	as long as short
Variational Omni RED	+0.0100%	4h	0.1594	+0.247%	$27K	$3K	—	as long as short
SunX RED-USDTshort	+0.0100%	4h	0.1630	+2.493%	$2K	$865K	20x
Extended RED-USD	+0.0104%	1h	0.1591	+0.014%	$32	—	5x	as long as short
MEXC RED_USDT	+0.0342%	4h	0.1590	−0.022%	$526K	$163K	20x	as long as short