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 −0.006%
Price spread now: Bybit against Bitget−0.007%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$184as in the Funding arb table
Net, price: spread back to 7d avg − costs−$182as in the Price arb table
costs, in and out, $10k−$1801.802% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.038%−$4 on $10k
Price spread, last 4 days (all we have)−0.034%−$3 · spread now −0.007%, 7d avg +0.007%
Together, before fees−0.072%−$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget REDUSDT0.15150.0100pay 0.0050% / 4h37m 24s$723K$293K20x
ShortBybit REDUSDT0.15150.0100get 0.0050% / 4h37m 24s$2.2M$1.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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: −0.007% → +0.007%
−$1.37
Slippage, 4 orders
−$157.19
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$181.56
Costs to cover
1.802%
Break-even
never at this rate
Slippage from Bitget: live order book, 38 min ago; Bybit: live order book, 4 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 Bitget live order book, 38 min ago13.27 bp26.6 bp −$2797.2 bp −$972doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago4.29 bp57.9 bp −$58doesn't fitdoesn'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%4h0.1516+0.075%$26K$38K5xas long as short
Binance REDUSDT+0.0100%4h0.15150.000%$2.4M$3.8M50xas long as short
Bybit REDUSDTshort+0.0100%4h0.1515−0.007%$2.2M$1.7M25x
Gate RED_USDT+0.0100%4h0.1516+0.066%$349K$151K25xas long as short
Bitget REDUSDTlong+0.0100%4h0.1515long leg$723K$293K20x
Variational Omni RED+0.0100%4h0.1516+0.083%$25K$3Kas long as short
SunX RED-USDT+0.0100%4h0.1550+2.310%$1K$668K20xas long as short
Extended RED-USD+0.0104%1h0.1514−0.051%$305xas long as short
BloFin RED-USDT+0.0139%4h0.1516+0.040%$225K$5K25xas long as short
MEXC RED_USDT+0.0386%4h0.15150.000%$562K$174K20xas long as short