Funding arb · Price arb /

RDDT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h +0.046%

Price spread now: tradeXYZ against edgeX+0.031%106s7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

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

costs, in and out, $10k−$1251.246% of the position

Long on edgeX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.489%+$49 on $10k

Price spread, last 4 days (all we have)−0.191%−$19 · spread now +0.031%, 7d avg −0.026%

Together, before fees+0.298%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board+$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.058% dearer against edgeX than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of −0.026%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.489%, so the current rate has only just turned against you. The two prices were read 106 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	157.73	−0.0031	get 0.0016% / 4h	1h 37m	$35K	$223K	10x
Short	tradeXYZ xyz:RDDT	157.78	−0.0055	pay 0.0007% / 1h	37m 45s	$260K	$163K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$5.04
Price spread: +0.031% → −0.026%: $5.75
Slippage, 4 orders: −$97.64
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$123.92
Costs to cover: 1.246%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; tradeXYZ: live order book, 18 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, 4 min ago	6.66 bp	30.3 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 18 min ago	7.90 bp	31.3 bp −$31	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
Paragon para:RDDT	−0.2501%	1h	158.05	+0.202%	$53K	$89K	10x	as long as short
tradeXYZ xyz:RDDTshort	−0.0055%	1h	157.78	+0.031%	$260K	$163K	10x
edgeX RDDTUSDClong	−0.0031%	4h	157.73	long leg	$35K	$223K	10x
Binance RDDTUSDT	0.0000%	8h	157.74	+0.005%	$547K	$1.6M	20x	as long as short
Bybit RDDTUSDT	0.0000%	8h	157.74	+0.006%	$149K	$94K	25x	as long as short
OKX RDDT-USDT-SWAP	0.0000%	8h	157.70	−0.019%	$307K	$171K	20x	as long as short
QFEX RDDT-USD	0.0000%	1h	157.61	−0.077%	$1.1M	$928K	10x	as long as short
Gate RDDT_USDT	0.0000%	8h	157.83	+0.063%	$8K	$13K	25x	as long as short
Bitget RDDTUSDT	0.0000%	8h	157.72	−0.007%	$325K	$592K	20x	as long as short
Variational Omni RDDT	0.0000%	8h	157.73	−0.002%	$18K	$35K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX RDDT-USDT	0.0000%	8h	157.97	+0.152%	$7K	$351K	10x	as long as short
BloFin RDDT-USDT	+0.0001%	8h	157.70	−0.019%	$60K	$11K	20x	as long as short
KuCoin RDDTUSDTM	+0.0100%	8h	157.70	−0.019%	$42K	$106K	10x	as long as short