Funding arb · Price arb /

RDDT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0334%/8h= +36.5% APRpaid last 24h −0.058%

Price spread now: edgeX against Bybit−0.029%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$191as in the Funding arb table

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$1701.701% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.213%−$21 on $10k

Price spread, last 4 days (all we have)+0.217%+$22 · spread now −0.029%, 7d avg −0.034%

Together, before fees+0.004%+ Points / potential airdropedgeX: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.213%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.213% in total (about -11.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit RDDTUSDT	158.84	0	get 0.0000% / 8h	4h 17m	$150K	$94K	25x
Short	edgeX RDDTUSDC	158.79	0.0334	get 0.0167% / 4h	17m 12s	$36K	$223K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. 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 BybitbpFee edgeXbpOrdersPrice spread, now −0.029%Rate

Funding earned: $70.09
Price spread: −0.029% → −0.034%: $0.49
Slippage, 4 orders: −$150.11
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$99.53
Costs to cover: 1.701%
Break-even: 16.9 days

Slippage from Bybit: live order book, 23 min ago; edgeX: live order book, 40 min ago.

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 Bybit live order book, 23 min ago	11.01 bp	48.9 bp −$49	543.9 bp −$5,439	doesn't fit	doesn't fit
Sell edgeX live order book, 40 min ago	7.87 bp	28.6 bp −$29	doesn't fit	doesn't fit	doesn't fit

RDDT on 13 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
tradeXYZ xyz:RDDT	−0.0311%	1h	158.88	+0.025%	$262K	$157K	10x	as long as short
Binance RDDTUSDT	0.0000%	8h	158.81	−0.016%	$552K	$1.6M	20x	as long as short
Bybit RDDTUSDTlong	0.0000%	8h	158.84	long leg	$150K	$94K	25x
OKX RDDT-USDT-SWAP	0.0000%	8h	158.94	+0.063%	$314K	$167K	20x	as long as short
QFEX RDDT-USD	0.0000%	1h	158.68	−0.101%	$1.1M	$834K	10x	as long as short
Gate RDDT_USDT	0.0000%	8h	158.92	+0.050%	$8K	$13K	25x	as long as short
Bitget RDDTUSDT	0.0000%	8h	158.81	−0.019%	$335K	$569K	20x	as long as short
Variational Omni RDDT	0.0000%	8h	158.80	−0.025%	$18K	$35K	—	as long as short
HTX RDDT-USDT	0.0000%	8h	158.82	−0.013%	$7K	$349K	10x	as long as short
BloFin RDDT-USDT	+0.0003%	8h	158.85	+0.006%	$60K	$11K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin RDDTUSDTM	+0.0100%	8h	158.71	−0.082%	$42K	$103K	10x	as long as short
edgeX RDDTUSDCshort	+0.0334%	4h	158.79	−0.029%	$36K	$223K	10x
Paragon para:RDDT	+0.1004%	1h	158.84	0.000%	$54K	$89K	10x	as long as short