Funding arb · Price arb /

RE

all RE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.040%

Price spread now: BloFin against gTrade (Gains Network)−0.027%110s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 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. BloFin is 0.027% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 15 hours of funding at the current rate (+$4 a day). The two prices were read 110 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	gTrade (Gains Network) RE/USD	0.4638	L −0.0025% / S +0.0026%	get 0.0003% / 1h	37m 28s	—	—	150x
Short	BloFin RE-USDT	0.4637	0.0114	get 0.0057% / 4h	37m 28s	$366K	$68K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BloFinbpOrdersPrice spread, now −0.027%Rate

Funding earned: $29.35
Price spread: −0.027% → 0.000%: −$2.67
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $2.67
Costs to cover: 0.240%
Break-even: 6.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 63 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BloFin live order book, 63 min ago	1.07 bp	15.7 bp −$16	52.0 bp −$520	doesn't fit	doesn't fit

gTrade (Gains Network): 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.

RE on 14 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
gTrade (Gains Network) RE/USDlong	L −0.0025% / S +0.0026%	1h	0.4638	long leg	—	—	150x
Aster REUSDT	+0.0100%	4h	0.4642	+0.079%	$36K	$26K	20x	as long as short
Binance REUSDT	+0.0100%	4h	0.4638	−0.001%	$8.3M	$8.6M	50x	as long as short
Bybit REUSDT	+0.0100%	4h	0.4637	−0.027%	$1.5M	$1.3M	20x	as long as short
OKX RE-USDT-SWAP	+0.0100%	4h	0.4633	−0.104%	$1.8M	$3.5M	20x	as long as short
Gate RE_USDT	+0.0100%	4h	0.4641	+0.057%	$417K	$944K	20x	as long as short
MEXC RE_USDT	+0.0100%	4h	0.4637	−0.027%	$1.2M	$437K	50x	as long as short
KuCoin REUSDTM	+0.0100%	4h	0.4639	+0.025%	$1.4M	$974K	20x	as long as short
Bitget REUSDT	+0.0100%	4h	0.4638	+0.006%	$1.8M	$634K	20x	as long as short
BingX RE-USDT	+0.0100%	4h	0.4636	−0.048%	—	$1.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX REUSDC	+0.0100%	4h	0.4639	+0.025%	$7K	$220K	10x	as long as short
Orderly PERP_RE_USDC_mythos	+0.0100%	4h	0.4640	+0.038%	$4K	—	10x	as long as short
Extended RE-USD	+0.0104%	1h	0.4638	−0.013%	$788	—	5x	as long as short
BloFin RE-USDTshort	+0.0114%	4h	0.4637	−0.027%	$366K	$68K	50x