Settings8H · net · $10k
Funding arb · Price arb /

RED

all RED markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Binance+0.101%7-day average +0.132% · you sell dearer than you buy
Net, funding: paid 7d − costs−$859as in the Funding arb table
Net, price: spread back to 7d avg − costs−$869as in the Price arb table
costs, in and out, $10k−$8668.660% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.071%+$7 on $10k
Price spread, last 4 days (all we have)+0.081%+$8 · spread now +0.101%, 7d avg +0.132%
Together, before fees+0.152%+$15 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.031% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.132%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance REDUSDT0.15150.0100pay 0.0050% / 4h47m 56s$2.4M$3.8M50x
ShortGate RED_USDT0.15170.0100get 0.0050% / 4h47m 56s$349K$151K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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

Funding earned
$0
Price spread: +0.101% → +0.132%
−$3.13
Slippage, 4 orders
−$841.04
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$869.18
Costs to cover
8.660%
Break-even
never at this rate
Slippage from Binance: live order book, 4 min ago; Gate: live order book, 27 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 4 min ago3.30 bp29.1 bp −$29130.4 bp −$1,304doesn't fitdoesn't fit
Sell Gate live order book, 27 min ago3.31 bp305.7 bp −$306doesn't fitdoesn't fitdoesn't fit

RED on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster REDUSDT+0.0100%4h0.1517+0.097%$24K$38K5xas long as short
Binance REDUSDTlong+0.0100%4h0.1515long leg$2.4M$3.8M50x
Bybit REDUSDT+0.0100%4h0.1516+0.042%$2.2M$1.7M25xas long as short
Gate RED_USDTshort+0.0100%4h0.1517+0.101%$349K$151K25x
Bitget REDUSDT+0.0100%4h0.1517+0.101%$726K$293K20xas long as short
Variational Omni RED+0.0100%4h0.1516+0.039%$25K$3Kas long as short
SunX RED-USDT+0.0100%4h0.1551+2.345%$2K$671K20xas long as short
Extended RED-USD+0.0104%1h0.1515−0.020%$305xas long as short
BloFin RED-USDT+0.0138%4h0.1517+0.068%$224K$5K25xas long as short
MEXC RED_USDT+0.0386%4h0.1515−0.031%$562K$173K20xas long as short