Funding arb · Price arb /

RDDT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0258%/8h= +28.3% APRpaid last 24h −0.052%

Price spread now: OKX against tradeXYZ+0.139%7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$213as in the Funding arb table

Net, price: spread back to 7d avg − costs−$188as in the Price arb table

costs, in and out, $10k−$1921.923% of the position

Long on tradeXYZ Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.203%−$20 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.139%, 7d avg +0.092%

Together, before fees−0.239%+ Points / potential airdroptradeXYZ: Active · farm board−$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and OKX is 0.047% dearer against tradeXYZ than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.092%. Mind the row above: over the last 7 days funding on this pair cost −0.203%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:RDDT	158.05	−0.0258	get 0.0032% / 1h	45m 39s	$261K	$158K	10x
Short	OKX RDDT-USDT-SWAP	158.27	0	get 0.0000% / 8h	2h 45m	$307K	$169K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.139%Rate

Funding earned: $54.2
Price spread: +0.139% → +0.092%: $4.73
Slippage, 4 orders: −$164.32
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: −$133.38
Costs to cover: 1.923%
Break-even: 24.2 days

Slippage from tradeXYZ: live order book, 20 min ago; OKX: live order book, 65 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, 20 min ago	7.28 bp	30.4 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 65 min ago	4.41 bp	61.6 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	−0.1713%	1h	158.19	+0.089%	$54K	$89K	10x	as long as short
edgeX RDDTUSDC	−0.0572%	4h	158.13	+0.050%	$35K	$224K	10x	as long as short
tradeXYZ xyz:RDDTlong	−0.0258%	1h	158.05	long leg	$261K	$158K	10x
Binance RDDTUSDT	0.0000%	8h	158.19	+0.089%	$551K	$1.6M	20x	as long as short
Bybit RDDTUSDT	0.0000%	8h	158.09	+0.025%	$149K	$94K	25x	as long as short
OKX RDDT-USDT-SWAPshort	0.0000%	8h	158.27	+0.139%	$307K	$169K	20x
QFEX RDDT-USD	0.0000%	1h	158.09	+0.025%	$1.1M	$882K	10x	as long as short
Gate RDDT_USDT	0.0000%	8h	158.15	+0.063%	$8K	$12K	25x	as long as short
Bitget RDDTUSDT	0.0000%	8h	158.12	+0.044%	$330K	$585K	20x	as long as short
Variational Omni RDDT	0.0000%	8h	158.13	+0.049%	$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	158.16	+0.070%	$7K	$352K	10x	as long as short
BloFin RDDT-USDT	+0.0029%	8h	158.11	+0.038%	$60K	$10K	20x	as long as short
KuCoin RDDTUSDTM	+0.0100%	8h	158.06	+0.006%	$42K	$105K	10x	as long as short