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

RED

all RED markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.5% APRnext payment $0.02 per $10,000 · paid last 24h +0.009%
Price spread now: Bitget against BloFin+0.020%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1391.387% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.023%+$2 on $10k
Price spread, last 3 days (all we have)−0.144%−$14 · spread now +0.020%, 7d avg +0.010%
Together, before fees−0.121%−$12 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin RED-USDT0.15080.0104pay 0.0052% / 4h1h 54m$227K$4K25x
ShortBitget REDUSDT0.15080.0100get 0.0050% / 4h1h 54m$722K$304K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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
−$0.91
Price spread: +0.020% → +0.010%
$1
Slippage, 4 orders
−$114.68
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$138.58
Costs to cover
1.387%
Break-even
never at this rate
Slippage from BloFin: live order book, 21 min ago; Bitget: live order book, 26 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 BloFin live order book, 21 min ago4.64 bp43.2 bp −$43doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 26 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%4h0.1508+0.027%$21K$33K5xas long as short
Binance REDUSDT+0.0100%4h0.1508+0.052%$2.4M$3.9M50xas long as short
Bybit REDUSDT+0.0100%4h0.1508+0.020%$2.2M$1.7M25xas long as short
Gate RED_USDT+0.0100%4h0.1508+0.020%$349K$151K25xas long as short
Bitget REDUSDTshort+0.0100%4h0.1508+0.020%$722K$304K20x
Variational Omni RED+0.0100%4h0.1507−0.025%$25K$3Kas long as short
SunX RED-USDT+0.0100%4h0.1545+2.474%$2K$659K20xas long as short
Extended RED-USD+0.0104%1h0.1508+0.003%$305xas long as short
BloFin RED-USDTlong+0.0104%4h0.1508long leg$227K$4K25x
MEXC RED_USDT+0.0386%4h0.1508+0.020%$552K$171K20xas long as short