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

RED

all RED markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0035%/8h= +3.8% APRnext payment +$0.17 per $10,000 · paid last 24h −0.008%
Price spread now: BloFin against Bitget−0.038%7-day average −0.010% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.026%−$3 on $10k
Price spread, last 4 days (all we have)+0.162%+$16 · spread now −0.038%, 7d avg −0.010%
Together, before fees+0.137%+$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.028% cheaper against Bitget than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of −0.010%). If the spread goes back, that is −$3 on $10k: about 2.7 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget REDUSDT0.15710.0100pay 0.0050% / 4h2h 18m$789K$363K20x
ShortBloFin RED-USDT0.15700.0135get 0.0067% / 4h2h 18m$220K$5K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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
$7.3
Price spread: −0.038% → −0.010%
−$2.8
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$19.5
Costs to cover
0.240%
Break-even
25.7 days
Slippage unknown: Bitget: live order book, 29 min ago; BloFin: live order book, 27 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 29 min ago12.65 bp36.3 bp −$36140.7 bp −$1,407doesn't fitdoesn't fit
Sell BloFin live order book, 27 min ago4.42 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

RED on 10 exchanges

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%4h0.1572+0.082%$29K$38K5xas long as short
Binance REDUSDT+0.0100%4h0.1566−0.318%$2.3M$4.2M50xas long as short
Bybit REDUSDT+0.0100%4h0.1568−0.165%$1.8M$2.1M25xas long as short
Gate RED_USDT+0.0100%4h0.1575+0.255%$359K$90K25xas long as short
Bitget REDUSDTlong+0.0100%4h0.1571long leg$789K$363K20x
Variational Omni RED+0.0100%4h0.1570−0.084%$27K$3Kas long as short
SunX RED-USDT+0.0100%4h0.1607+2.292%$2K$867K20xas long as short
Extended RED-USD+0.0104%1h0.1566−0.348%$315xas long as short
BloFin RED-USDTshort+0.0135%4h0.1570−0.038%$220K$5K25x
MEXC RED_USDT+0.0342%4h0.1566−0.318%$498K$170K20xas long as short