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

RED

all RED markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.010%
Price spread now: Variational Omni against BloFin−0.142%56s7-day average · 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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding pays, the price is against you. Variational Omni is 0.142% cheaper against BloFin than usual: you would sell low and buy high (spread −0.142% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 16 days of funding at the current rate (+$1 a day). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin RED-USDT0.15360.0070pay 0.0035% / 4h3h 32m$228K$5K25x
ShortVariational Omni RED0.15340.0100get 0.0050% / 4h3h 32m$26K$3K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against BloFin. 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
$6.28
Price spread: −0.142% → 0.000%
−$14.24
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$19.96
Costs to cover
0.120%
Break-even
29.3 days
Slippage unknown: BloFin: live order book, 33 min ago; Variational Omni: 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
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 33 min ago2.63 bp20.6 bp −$21doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni no order-book sample
Variational Omni: 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.

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
BloFin RED-USDTlong+0.0070%4h0.1536long leg$228K$5K25x
Aster REDUSDT+0.0100%4h0.1538+0.092%$27K$37K5xas long as short
Binance REDUSDT+0.0100%4h0.1536−0.020%$2.4M$3.8M50xas long as short
Bybit REDUSDT+0.0100%4h0.1537+0.046%$2.2M$1.7M25xas long as short
Gate RED_USDT+0.0100%4h0.1537+0.046%$354K$148K25xas long as short
Bitget REDUSDT+0.0100%4h0.1538+0.111%$728K$296K20xas long as short
Variational Omni REDshort+0.0100%4h0.1534−0.142%$26K$3K
SunX RED-USDT+0.0100%4h0.1573+2.389%$2K$686K20xas long as short
Extended RED-USD+0.0104%1h0.1536−0.044%$315xas long as short
MEXC RED_USDT+0.0386%4h0.1535−0.085%$558K$173K20xas long as short