Funding arb · Price arb /

RDDT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.1132%/8h= +124.0% APRpaid last 24h +0.020%

Price spread now: tradeXYZ against Bybit−0.044%7-day average −0.055% · you buy dearer than you sell

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

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.279%+$28 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now −0.044%, 7d avg −0.055%

Together, before fees+0.261%+ Points / potential airdroptradeXYZ: Active · farm board+$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.055%, so right now this pair is about funding alone: +$34 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.279% in total (about 14.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit RDDTUSDT	159.09	0.0462	pay 0.0462% / 8h	6h 09m	$151K	$86K	25x
Short	tradeXYZ xyz:RDDT	159.02	0.1594	get 0.0199% / 1h	9m 50s	$273K	$181K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.044%Rate

Funding earned: $237.75
Price spread: −0.044% → −0.055%: $1.13
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $209.88
Costs to cover: 0.290%
Break-even: 0.8 days

Slippage unknown: Bybit: live order book, 36 min ago; tradeXYZ: live order book, 33 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 Bybit live order book, 36 min ago	6.95 bp	51.9 bp −$52	443.6 bp −$4,436	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 33 min ago	5.04 bp	46.6 bp −$47	doesn't fit	doesn't fit	doesn't fit

RDDT on 13 exchanges

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
edgeX RDDTUSDC	−0.0651%	4h	159.15	+0.035%	$35K	$225K	10x	as long as short
OKX RDDT-USDT-SWAP	0.0000%	8h	159.47	+0.239%	$305K	$161K	20x	as long as short
QFEX RDDT-USD	0.0000%	1h	159.30	+0.132%	$1.1M	$1.0M	10x	as long as short
Gate RDDT_USDT	0.0000%	8h	159.25	+0.101%	$8K	$14K	25x	as long as short
Bitget RDDTUSDT	0.0000%	8h	159.06	−0.019%	$360K	$582K	20x	as long as short
Variational Omni RDDT	0.0000%	8h	159.11	+0.012%	$14K	$37K	—	as long as short
HTX RDDT-USDT	0.0000%	8h	159.17	+0.050%	$8K	$351K	10x	as long as short
BloFin RDDT-USDT	+0.0011%	8h	159.10	+0.006%	$60K	$11K	20x	as long as short
Binance RDDTUSDT	+0.0017%	8h	159.17	+0.049%	$516K	$1.7M	20x	as long as short
KuCoin RDDTUSDTM	+0.0100%	8h	159.14	+0.031%	$53K	$257K	10x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit RDDTUSDTlong	+0.0462%	8h	159.09	long leg	$151K	$86K	25x
Paragon para:RDDT	+0.0847%	1h	159.40	+0.196%	$54K	$93K	10x	as long as short
tradeXYZ xyz:RDDTshort	+0.1594%	1h	159.02	−0.044%	$273K	$181K	10x