Funding arb · Price arb /

RDDT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0942%/8h= +103.1% APRpaid last 24h −0.003%

Price spread now: edgeX against OKX+0.173%7-day average −0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$193as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$1651.648% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.285%−$28 on $10k

Price spread, last 4 days (all we have)+0.219%+$22 · spread now +0.173%, 7d avg −0.060%

Together, before fees−0.066%+ Points / potential airdropedgeX: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and edgeX is 0.233% dearer against OKX than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.060%. Mind the row above: over the last 7 days funding on this pair cost −0.285%, 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 -0.285% in total (about -14.8% 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	OKX RDDT-USDT-SWAP	157.64	0	get 0.0000% / 8h	50m 56s	$307K	$169K	20x
Short	edgeX RDDTUSDC	157.91	0.0942	get 0.0471% / 4h	50m 56s	$35K	$224K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against OKX. 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 OKXbpFee edgeXbpOrdersPrice spread, now +0.173%Rate

Funding earned: $197.75
Price spread: +0.173% → −0.060%: $23.33
Slippage, 4 orders: −$145.83
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $56.25
Costs to cover: 1.648%
Break-even: 5.0 days

Slippage from OKX: live order book, 49 min ago; edgeX: live order book, 51 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 OKX live order book, 49 min ago	7.93 bp	54.6 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 51 min ago	6.66 bp	28.7 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
Paragon para:RDDT	−0.1608%	1h	158.20	+0.358%	$53K	$89K	10x	as long as short
tradeXYZ xyz:RDDT	−0.0439%	1h	157.76	+0.076%	$260K	$163K	10x	as long as short
BloFin RDDT-USDT	−0.0006%	8h	157.90	+0.165%	$60K	$10K	20x	as long as short
Binance RDDTUSDT	0.0000%	8h	157.94	+0.190%	$548K	$1.6M	20x	as long as short
Bybit RDDTUSDT	0.0000%	8h	158.05	+0.260%	$149K	$94K	25x	as long as short
OKX RDDT-USDT-SWAPlong	0.0000%	8h	157.64	long leg	$307K	$169K	20x
QFEX RDDT-USD	0.0000%	1h	157.80	+0.101%	$1.1M	$1.0M	10x	as long as short
Gate RDDT_USDT	0.0000%	8h	157.92	+0.178%	$8K	$13K	25x	as long as short
Bitget RDDTUSDT	0.0000%	8h	157.88	+0.152%	$326K	$602K	20x	as long as short
Variational Omni RDDT	0.0000%	8h	157.91	+0.173%	$18K	$34K	—	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	157.95	+0.197%	$7K	$352K	10x	as long as short
KuCoin RDDTUSDTM	+0.0100%	8h	157.82	+0.114%	$42K	$106K	10x	as long as short
edgeX RDDTUSDCshort	+0.0942%	4h	157.91	+0.173%	$35K	$224K	10x