RED

Alert

Funding spread now, next payment 16:00 UTC−0.0208%/8h

next payment, per $10,000−$1.04paid, last 24h−0.006%paid, last 7 days−0.085%to open and close $10k−$146

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.085% in total (about -4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.04 per $10,000. 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	Binance REDUSDT	0.1532	0.0100	pay 0.0050% / 4h	1h 50m	$2.4M	$3.8M	50x
Short	Bybit REDUSDT	0.1531	−0.0108	pay 0.0054% / 4h	1h 50m	$2.2M	$1.7M	25x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BybitbpOrdersRate

Funding earned: −$43.71
Slippage, 4 orders: −$125.34
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$190.05
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Bybit: live order book, 3 min ago.

Price risk

price view

Price gap now: −0.046%
Avg gap 7d: +0.127%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Binance live order book, 3 min ago	6.56 bp	26.5 bp −$27	119.4 bp −$1,194	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.27 bp	63.1 bp −$63	doesn't fit	doesn't fit	doesn't fit

RED on 10 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit REDUSDTshort	−0.0108%	4h	$2.2M	$1.7M	25x
BloFin RED-USDT	−0.0097%	4h	$232K	$2K	25x	as long as short
Aster REDUSDT	+0.0100%	4h	$22K	$19K	5x	as long as short
Binance REDUSDTlong	+0.0100%	4h	$2.4M	$3.8M	50x
Gate RED_USDT	+0.0100%	4h	$409K	$107K	25x	as long as short
Bitget REDUSDT	+0.0100%	4h	$753K	$321K	20x	as long as short
Variational Omni RED	+0.0100%	4h	$26K	$3K	—	as long as short
SunX RED-USDT	+0.0100%	4h	$2K	$543K	20x	as long as short
Extended RED-USD	+0.0104%	1h	$31	—	5x	as long as short
MEXC RED_USDT	+0.0344%	4h	$612K	$159K	20x	as long as short