Funding arb · Price arb /

RED

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Extended against MEXC+0.030%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Extended

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

The price spread pays, funding is against you. Extended is 0.030% dearer against MEXC than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC RED_USDT	0.1518	0.0386	pay 0.0193% / 4h	55m 44s	$563K	$173K	20x
Short	Extended RED-USD	0.1518	0.0104	get 0.0013% / 1h	55m 44s	$30	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against MEXC. 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 MEXCbpFee ExtendedbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$59.22
Price spread: +0.030% → 0.000%: $3
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$65.22
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 14 min ago; Extended: no order-book sample. 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 MEXC live order book, 14 min ago	3.31 bp	9.8 bp −$10	32.1 bp −$321	199.8 bp −$20.0K	469.1 bp −$234.6K
Sell Extended no order-book sample	—	—	—	—	—

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	+0.0066%	4h	0.1518	−0.020%	$227K	$5K	25x	as long as short
Aster REDUSDT	+0.0100%	4h	0.1519	+0.094%	$24K	$36K	5x	as long as short
Binance REDUSDT	+0.0100%	4h	0.1518	−0.029%	$2.4M	$3.9M	50x	as long as short
Bybit REDUSDT	+0.0100%	4h	0.1520	+0.138%	$2.2M	$1.7M	25x	as long as short
Gate RED_USDT	+0.0100%	4h	0.1520	+0.132%	$350K	$151K	25x	as long as short
Bitget REDUSDT	+0.0100%	4h	0.1520	+0.132%	$728K	$293K	20x	as long as short
Variational Omni RED	+0.0100%	4h	0.1514	−0.267%	$25K	$3K	—	as long as short
SunX RED-USDT	+0.0100%	4h	0.1556	+2.503%	$2K	$668K	20x	as long as short
Extended RED-USDshort	+0.0104%	1h	0.1518	+0.030%	$30	—	5x
MEXC RED_USDTlong	+0.0386%	4h	0.1518	long leg	$563K	$173K	20x