Funding arb · Price arb /

RDDT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h −0.064%

Price spread now: QFEX against edgeX−0.848%57s7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$4394.388% of the position

Long on edgeX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.112%+$11 on $10k

Price spread, last 4 days (all we have)+0.928%+$93 · spread now −0.848%, 7d avg −0.082%

Together, before fees+1.040%+ Points / potential airdropedgeX: Active · farm board+$104 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.766% cheaper against edgeX than usual: you would sell low and buy high (spread −0.848% now, against its 7-day average of −0.082%). If the spread goes back, that is −$77 on $10k: about 3 months of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.112% in total) that is about 26 days. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX RDDTUSDC	158.03	−0.0029	get 0.0015% / 4h	3h 21m	$35K	$224K	10x
Short	QFEX RDDT-USD	156.69	0	get 0.0000% / 1h	21m 51s	$1.1M	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against edgeX. 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 edgeXbpFee QFEXbpOrdersPrice spread, now −0.848%Rate

Funding earned: $6.17
Price spread: −0.848% → −0.082%: −$76.56
Slippage, 4 orders: −$419.76
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$509.16
Costs to cover: 4.388%
Break-even: 585.1 days

Slippage from edgeX: live order book, 10 min ago; QFEX: live order book, 8 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 edgeX live order book, 10 min ago	7.91 bp	28.6 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 8 min ago	132.28 bp	244.2 bp −$244	246.2 bp −$2,462	258.4 bp −$25.8K	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
Paragon para:RDDT	−0.0779%	1h	157.80	−0.144%	$53K	$92K	10x	as long as short
edgeX RDDTUSDClong	−0.0029%	4h	158.03	long leg	$35K	$224K	10x
Binance RDDTUSDT	0.0000%	8h	158.03	0.000%	$512K	$1.7M	20x	as long as short
Bybit RDDTUSDT	0.0000%	8h	157.60	−0.272%	$149K	$92K	25x	as long as short
OKX RDDT-USDT-SWAP	0.0000%	8h	158.30	+0.171%	$303K	$192K	20x	as long as short
QFEX RDDT-USDshort	0.0000%	1h	156.69	−0.848%	$1.1M	$1.0M	10x
Gate RDDT_USDT	0.0000%	8h	158.21	+0.114%	$8K	$14K	25x	as long as short
Bitget RDDTUSDT	0.0000%	8h	157.82	−0.132%	$348K	$583K	20x	as long as short
Variational Omni RDDT	0.0000%	8h	157.96	−0.044%	$13K	$37K	—	as long as short
HTX RDDT-USDT	0.0000%	8h	158.21	+0.114%	$7K	$352K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin RDDT-USDT	+0.0005%	8h	158.00	−0.019%	$60K	$10K	20x	as long as short
KuCoin RDDTUSDTM	+0.0100%	8h	157.93	−0.063%	$52K	$173K	10x	as long as short
tradeXYZ xyz:RDDT	+0.0828%	1h	157.95	−0.050%	$264K	$177K	10x	as long as short