Funding arb · Price arb /

RDW

RWAall RDW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: HTX against QFEX−0.519%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. HTX is 0.519% cheaper against QFEX than usual: you would sell low and buy high (spread −0.519% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$52 on $10k: about 17 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX RDW-USD	11.570	0	get 0.0000% / 1h	37m 12s	$1.1M	$130K	10x
Short	HTX RDW-USDT	11.510	0.0100	get 0.0100% / 8h	37m 12s	$13K	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against QFEX. 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 QFEXbpFee HTXbpOrdersPrice spread, now −0.519%Rate

Funding earned: $21
Price spread: −0.519% → 0.000%: −$51.86
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$52.86
Costs to cover: 0.220%
Break-even: 24.6 days

Slippage unknown: QFEX: live order book, 3 min ago; HTX: no order-book sample. Net counts fees only.

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 QFEX live order book, 3 min ago	8.65 bp	22.2 bp −$22	22.3 bp −$223	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

RDW on 8 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
Bybit RDWUSDT	0.0000%	8h	11.587	+0.147%	$453K	$390K	25x	as long as short
OKX RDW-USDT-SWAP	0.0000%	8h	11.569	−0.009%	$151K	$229K	10x	as long as short
QFEX RDW-USDlong	0.0000%	1h	11.570	long leg	$1.1M	$130K	10x
Gate RDW_USDT	0.0000%	8h	11.608	+0.328%	$133K	$32K	20x	as long as short
Bitget RDWUSDT	0.0000%	8h	11.586	+0.138%	$409K	$88K	20x	as long as short
KuCoin RDWUSDTM	+0.0100%	8h	11.580	+0.086%	$297K	$645K	20x	as long as short
SunX RDW-USDT	+0.0100%	8h	11.596	+0.225%	—	$2.3M	10x	as long as short
HTX RDW-USDTshort	+0.0100%	8h	11.510	−0.519%	$13K	$50K	10x