RED

Alert

Funding spread now, next payment 20:00 UTC0.0000%/8h

next payment, per $10,000+$0.00paid, last 24h0.000%paid, last 3 days+0.076%to open and closeno order book

Long on Variational Omni Short on Bitget

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni RED	0.1526	0.0100	pay 0.0050% / 4h	2h 40m	$26K	$3K	—
Short	Bitget REDUSDT	0.1527	0.0100	get 0.0050% / 4h	2h 40m	$737K	$292K	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee BitgetbpOrdersRate

Funding earned: $0
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$12
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Bitget: live order book, 59 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.080%
Avg gap 7d: —

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 Variational Omni no order-book sample	—	—	—	—	—
Sell Bitget live order book, 59 min ago	3.25 bp	29.7 bp −$30	99.6 bp −$996	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster REDUSDT	+0.0100%	4h	$22K	$19K	5x	as long as short
Binance REDUSDT	+0.0100%	4h	$2.4M	$3.6M	50x	as long as short
Bybit REDUSDT	+0.0100%	4h	$2.2M	$1.6M	25x	as long as short
Gate RED_USDT	+0.0100%	4h	$406K	$102K	25x	as long as short
Bitget REDUSDTshort	+0.0100%	4h	$737K	$292K	20x
Variational Omni REDlong	+0.0100%	4h	$26K	$3K	—
SunX RED-USDT	+0.0100%	4h	$2K	$549K	20x	as long as short
Extended RED-USD	+0.0104%	1h	$31	—	5x	as long as short
BloFin RED-USDT	+0.0146%	4h	$226K	$2K	25x	as long as short
MEXC RED_USDT	+0.0344%	4h	$576K	$163K	20x	as long as short