Funding arb · Price arb /

RED

all RED markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against SunX−2.069%7-day average −2.261% · you buy dearer than you sell

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

Long on SunX Short on Gate

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)+0.477%+$48 · spread now −2.069%, 7d avg −2.261%

Together, before fees+0.463%+$46 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 0.192% dearer against SunX than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −2.261%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX RED-USDT	0.1595	0.0100	pay 0.0050% / 4h	3h 08m	$2K	$706K	20x
Short	Gate RED_USDT	0.1562	0.0100	get 0.0050% / 4h	3h 08m	$360K	$149K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SunX. 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 SunXbpFee GatebpOrdersPrice spread, now −2.069%Rate

Funding earned: $0
Price spread: −2.069% → −2.261%: $19.24
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$3.76
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 43 min ago; Gate: live order book, 62 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 SunX live order book, 43 min ago	255.75 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 62 min ago	3.30 bp	377.7 bp −$378	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	+0.0047%	4h	0.1561	−2.125%	$226K	$5K	25x	as long as short
Aster REDUSDT	+0.0100%	4h	0.1560	−2.180%	$28K	$37K	5x	as long as short
Binance REDUSDT	+0.0100%	4h	0.1560	−2.179%	$2.4M	$3.9M	50x	as long as short
Bybit REDUSDT	+0.0100%	4h	0.1562	−2.082%	$2.1M	$1.7M	25x	as long as short
Gate RED_USDTshort	+0.0100%	4h	0.1562	−2.069%	$360K	$149K	25x
Bitget REDUSDT	+0.0100%	4h	0.1561	−2.132%	$742K	$305K	20x	as long as short
Variational Omni RED	+0.0100%	4h	0.1560	−2.214%	$26K	$3K	—	as long as short
SunX RED-USDTlong	+0.0100%	4h	0.1595	long leg	$2K	$706K	20x
Extended RED-USD	+0.0104%	1h	0.1561	−2.160%	$31	—	5x	as long as short
MEXC RED_USDT	+0.0386%	4h	0.1559	−2.257%	$554K	$176K	20x	as long as short