Funding arb · Price arb /

RDDT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0632%/8h= −69.2% APRpaid last 24h −0.017%

Price spread now: Bybit against tradeXYZ+0.120%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$224as in the Funding arb table

Net, price: spread back to 7d avg − costs−$191as in the Price arb table

costs, in and out, $10k−$1981.975% of the position

Long on tradeXYZ Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.262%−$26 on $10k

Price spread, last 4 days (all we have)−0.075%−$7 · spread now +0.120%, 7d avg +0.056%

Together, before fees−0.337%+ Points / potential airdroptradeXYZ: Active · farm board−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.065% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.120% now, against its 7-day average of +0.056%): +$6 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.262% in total) that is about 42 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.262% in total (about -13.7% 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	tradeXYZ xyz:RDDT	157.83	0.0632	pay 0.0079% / 1h	36m 47s	$263K	$177K	10x
Short	Bybit RDDTUSDT	158.02	0	get 0.0000% / 8h	7h 36m	$149K	$92K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against tradeXYZ. 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 tradeXYZbpFee BybitbpOrdersPrice spread, now +0.120%Rate

Funding earned: −$132.66
Price spread: +0.120% → +0.056%: $6.48
Slippage, 4 orders: −$168.55
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$323.73
Costs to cover: 1.975%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 69 min ago; Bybit: live order book, 43 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 tradeXYZ live order book, 69 min ago	11.72 bp	43.6 bp −$44	104.9 bp −$1,049	doesn't fit	doesn't fit
Sell Bybit live order book, 43 min ago	4.74 bp	62.3 bp −$62	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	−0.0991%	1h	157.98	+0.095%	$53K	$92K	10x	as long as short
edgeX RDDTUSDC	−0.0367%	4h	157.91	+0.051%	$35K	$224K	10x	as long as short
BloFin RDDT-USDT	−0.0023%	8h	158.00	+0.108%	$60K	$10K	20x	as long as short
Binance RDDTUSDT	0.0000%	8h	158.13	+0.190%	$529K	$1.7M	20x	as long as short
Bybit RDDTUSDTshort	0.0000%	8h	158.02	+0.120%	$149K	$92K	25x
OKX RDDT-USDT-SWAP	0.0000%	8h	158.10	+0.171%	$301K	$187K	20x	as long as short
QFEX RDDT-USD	0.0000%	1h	157.01	−0.520%	$1.1M	$1.0M	10x	as long as short
Gate RDDT_USDT	0.0000%	8h	158.14	+0.196%	$8K	$14K	25x	as long as short
Bitget RDDTUSDT	0.0000%	8h	158.04	+0.133%	$347K	$564K	20x	as long as short
Variational Omni RDDT	0.0000%	8h	157.96	+0.082%	$13K	$37K	—	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	158.26	+0.272%	$7K	$351K	10x	as long as short
KuCoin RDDTUSDTM	+0.0100%	8h	158.01	+0.114%	$53K	$157K	10x	as long as short
tradeXYZ xyz:RDDTlong	+0.0632%	1h	157.83	long leg	$263K	$177K	10x