Funding arb · Price arb /

RED

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Swap Backtest

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: SunX against Gate+2.457%7-day average +2.259% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 3 days (all we have)−0.074%−$7 · spread now +2.457%, 7d avg +2.259%

Together, before fees−0.060%−$6 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: SunX is 0.197% dearer against Gate than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +2.259%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate RED_USDT	0.1506	0.0100	pay 0.0050% / 4h	1h 18m	$348K	$151K	25x
Short	SunX RED-USDT	0.1543	0.0100	get 0.0050% / 4h	1h 18m	$2K	$662K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Gate. 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

Position, each leg$Hold fordaysFee GatebpFee SunXbpOrdersPrice spread, now +2.457%Rate

Funding earned: $0
Price spread: +2.457% → +2.259%: $19.74
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$3.26
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 62 min ago; SunX: live order book, 53 min ago. Net counts fees only.

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 Gate live order book, 62 min ago	6.60 bp	530.2 bp −$530	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 53 min ago	255.58 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

RED on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin RED-USDT	+0.0043%	4h	0.1504	−0.159%	$225K	$5K	25x	as long as short
Aster REDUSDT	+0.0100%	4h	0.1506	+0.018%	$21K	$33K	5x	as long as short
Binance REDUSDT	+0.0100%	4h	0.1506	0.000%	$2.4M	$3.9M	50x	as long as short
Bybit REDUSDT	+0.0100%	4h	0.1506	−0.027%	$2.2M	$1.7M	25x	as long as short
Gate RED_USDTlong	+0.0100%	4h	0.1506	long leg	$348K	$151K	25x
Bitget REDUSDT	+0.0100%	4h	0.1506	0.000%	$721K	$297K	20x	as long as short
Variational Omni RED	+0.0100%	4h	0.1505	−0.042%	$25K	$3K	—	as long as short
SunX RED-USDTshort	+0.0100%	4h	0.1543	+2.457%	$2K	$662K	20x
Extended RED-USD	+0.0104%	1h	0.1506	+0.014%	$30	—	5x	as long as short
MEXC RED_USDT	+0.0386%	4h	0.1506	0.000%	$551K	$173K	20x	as long as short