Funding arb · Price arb /

RED

all RED markets

Swap Backtest

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 0.000%

Price spread now: Binance against SunX−2.445%7-day average −2.390% · you buy dearer than you sell

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

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$9 on $10k

Price spread, last 3 days (all we have)−0.066%−$7 · spread now −2.445%, 7d avg −2.390%

Together, before fees−0.151%−$15 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: Binance is 0.056% cheaper against SunX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −2.390%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX RED-USDT	0.1550	0.0100	pay 0.0050% / 4h	34m 46s	$1K	$667K	20x
Short	Binance REDUSDT	0.1512	0.0100	get 0.0050% / 4h	34m 46s	$2.4M	$3.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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 SunXbpFee BinancebpOrdersPrice spread, now −2.445%Rate

Funding earned: $0
Price spread: −2.445% → −2.390%: −$5.55
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$23.55
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 27 min ago; Binance: live order book, 2 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 SunX live order book, 27 min ago	244.69 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	3.30 bp	25.5 bp −$26	103.4 bp −$1,034	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
Aster REDUSDT	+0.0100%	4h	0.1513	−2.377%	$26K	$38K	5x	as long as short
Binance REDUSDTshort	+0.0100%	4h	0.1512	−2.445%	$2.4M	$3.8M	50x
Bybit REDUSDT	+0.0100%	4h	0.1513	−2.413%	$2.2M	$1.7M	25x	as long as short
Gate RED_USDT	+0.0100%	4h	0.1514	−2.323%	$349K	$151K	25x	as long as short
Bitget REDUSDT	+0.0100%	4h	0.1514	−2.323%	$723K	$294K	20x	as long as short
Variational Omni RED	+0.0100%	4h	0.1514	−2.327%	$25K	$3K	—	as long as short
SunX RED-USDTlong	+0.0100%	4h	0.1550	long leg	$1K	$667K	20x
Extended RED-USD	+0.0104%	1h	0.1512	−2.452%	$30	—	5x	as long as short
BloFin RED-USDT	+0.0112%	4h	0.1514	−2.335%	$225K	$5K	25x	as long as short
MEXC RED_USDT	+0.0386%	4h	0.1512	−2.452%	$561K	$174K	20x	as long as short