RED

Alert

Funding spread now, next payment 16:00 UTC+0.0550%/8h

next payment, per $10,000+$2.75paid, last 24h+0.006%paid, last 7 days+0.085%to open and close $10k−$130

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 +$2.75 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	Bybit REDUSDT	0.1532	−0.0450	get 0.0225% / 4h	2h 36m	$2.3M	$1.6M	25x
Short	Binance REDUSDT	0.1532	0.0100	get 0.0050% / 4h	2h 36m	$2.4M	$3.7M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee BinancebpOrdersRate

Funding earned: $115.56
Slippage, 4 orders: −$108.57
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$14
Break-even: 7.8 days

Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 2 min ago.

Price risk

price view

Price gap now: −0.009%
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 Bybit live order book, 2 min ago	3.59 bp	46.4 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	3.27 bp	24.8 bp −$25	94.3 bp −$943	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 REDUSDTlong	−0.0450%	4h	$2.3M	$1.6M	25x
BloFin RED-USDT	−0.0423%	4h	$233K	$2K	25x	as long as short
Variational Omni RED	+0.0039%	4h	$26K	$3K	—	as long as short
Aster REDUSDT	+0.0100%	4h	$22K	$19K	5x	as long as short
Binance REDUSDTshort	+0.0100%	4h	$2.4M	$3.7M	50x
Gate RED_USDT	+0.0100%	4h	$409K	$110K	25x	as long as short
Bitget REDUSDT	+0.0100%	4h	$762K	$318K	20x	as long as short
SunX RED-USDT	+0.0100%	4h	$2K	$535K	20x	as long as short
Extended RED-USD	+0.0104%	1h	$31	—	5x	as long as short
MEXC RED_USDT	+0.0436%	4h	$637K	$156K	20x	as long as short