Funding arb · Price arb /

RED

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Swap Backtest

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 0.000%

Price spread now: Gate against SunX−2.164%7-day average −2.268% · you buy dearer than you sell

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

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.387%−$39 · spread now −2.164%, 7d avg −2.268%

Together, before fees−0.401%−$40 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: Gate is 0.104% dearer against SunX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −2.268%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX RED-USDT	0.1571	0.0100	pay 0.0050% / 4h	56m 21s	$2K	$758K	20x
Short	Gate RED_USDT	0.1537	0.0100	get 0.0050% / 4h	56m 21s	$352K	$94K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −2.164%Rate

Funding earned: $0
Price spread: −2.164% → −2.268%: $10.4
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$12.6
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 36 min ago; Gate: live order book, 64 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, 36 min ago	262.99 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 64 min ago	6.39 bp	379.2 bp −$379	doesn't fit	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
BloFin RED-USDT	+0.0064%	4h	0.1535	−2.317%	$222K	$5K	25x	as long as short
Aster REDUSDT	+0.0100%	4h	0.1536	−2.214%	$27K	$40K	5x	as long as short
Binance REDUSDT	+0.0100%	4h	0.1534	−2.355%	$2.3M	$4.0M	50x	as long as short
Bybit REDUSDT	+0.0100%	4h	0.1536	−2.228%	$2.0M	$1.8M	25x	as long as short
Gate RED_USDTshort	+0.0100%	4h	0.1537	−2.164%	$352K	$94K	25x
Bitget REDUSDT	+0.0100%	4h	0.1537	−2.164%	$728K	$287K	20x	as long as short
Variational Omni RED	+0.0100%	4h	0.1537	−2.194%	$26K	$3K	—	as long as short
SunX RED-USDTlong	+0.0100%	4h	0.1571	long leg	$2K	$758K	20x
Extended RED-USD	+0.0104%	1h	0.1534	−2.371%	$31	—	5x	as long as short
MEXC RED_USDT	+0.0486%	4h	0.1533	−2.419%	$489K	$163K	20x	as long as short