Funding arb · Price arb /

RED

all RED markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0282%/8h= +30.9% APRpaid last 24h +0.087%

Price spread now: MEXC against Extended−0.021%7-day average — · you buy dearer than you sell

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

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. MEXC is 0.021% cheaper against Extended than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended RED-USD	0.1505	0.0104	pay 0.0013% / 1h	22m 36s	$30	—	5x
Short	MEXC RED_USDT	0.1505	0.0386	get 0.0193% / 4h	1h 22m	$551K	$172K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Extended. 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 ExtendedbpFee MEXCbpOrdersPrice spread, now −0.021%Rate

Funding earned: $59.22
Price spread: −0.021% → 0.000%: −$2.14
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 2 bp × 2 orders: −$4
Net: $48.08
Costs to cover: 0.090%
Break-even: 1.3 days

Slippage unknown: Extended: no order-book sample; MEXC: live order book, 52 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 Extended no order-book sample	—	—	—	—	—
Sell MEXC live order book, 52 min ago	3.32 bp	9.4 bp −$9	39.4 bp −$394	210.0 bp −$21.0K	508.0 bp −$254.0K

Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.0089%	4h	0.1501	−0.267%	$225K	$5K	25x	as long as short
Aster REDUSDT	+0.0100%	4h	0.1506	+0.016%	$21K	$33K	5x	as long as short
Binance REDUSDT	+0.0100%	4h	0.1506	+0.043%	$2.4M	$3.9M	50x	as long as short
Bybit REDUSDT	+0.0100%	4h	0.1505	−0.001%	$2.2M	$1.7M	25x	as long as short
Gate RED_USDT	+0.0100%	4h	0.1505	−0.021%	$348K	$151K	25x	as long as short
Bitget REDUSDT	+0.0100%	4h	0.1505	−0.021%	$721K	$297K	20x	as long as short
Variational Omni RED	+0.0100%	4h	0.1504	−0.097%	$25K	$3K	—	as long as short
SunX RED-USDT	+0.0100%	4h	0.1542	+2.437%	$2K	$662K	20x	as long as short
Extended RED-USDlong	+0.0104%	1h	0.1505	long leg	$30	—	5x
MEXC RED_USDTshort	+0.0386%	4h	0.1505	−0.021%	$551K	$172K	20x