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

RED

all RED markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%
Price spread now: Bybit against SunX−2.278%7-day average −2.283% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.170%−$17 on $10k
Price spread, last 3 days (all we have)+0.630%+$63 · spread now −2.278%, 7d avg −2.283%
Together, before fees+0.460%+$46 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX RED-USDT0.15980.0100pay 0.0050% / 4h2h 10m$2K$735K20x
ShortBybit REDUSDT0.15620.0100get 0.0050% / 4h2h 10m$2.1M$1.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: −2.278% → −2.283%
$0.54
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$18.46
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 32 min ago; Bybit: 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 32 min ago260.15 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago4.80 bp34.4 bp −$34575.2 bp −$5,752doesn't fitdoesn't fit

RED on 9 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%4h0.1562−2.229%$28K$41K5xas long as short
Binance REDUSDT+0.0100%4h0.1560−2.366%$2.4M$3.9M50xas long as short
Bybit REDUSDTshort+0.0100%4h0.1562−2.278%$2.1M$1.8M25x
Gate RED_USDT+0.0100%4h0.1563−2.190%$359K$99K25xas long as short
Bitget REDUSDT+0.0100%4h0.1564−2.128%$740K$279K20xas long as short
Variational Omni RED+0.0100%4h0.1562−2.276%$26K$3Kas long as short
SunX RED-USDTlong+0.0100%4h0.1598long leg$2K$735K20x
Extended RED-USD+0.0104%1h0.1561−2.346%$315xas long as short
MEXC RED_USDT+0.0386%4h0.1560−2.378%$530K$179K20xas long as short