data as of
Settings8H · net · $10k
Price arb /

RED

all RED markets
SwapFunding view
Alert
After costs, if the gap returns to its 7d average, $10k−$170
spread now−0.432%7d average+0.002%fees + slippage, in and out−$127spread needed1.268%
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin RED-USDT0.15270.0118pay 0.0059% / 4h2h 35m$227K$2K25x
ShortBitget REDUSDT0.15200.0100get 0.0050% / 4h2h 35m$739K$301K20x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$43.23
Funding while held
−$0.54
Slippage, 4 orders
−$102.79
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$170.57
Spread needed to break even
1.268%
Slippage from BloFin: live order book, 62 min ago; Bitget: live order book, 65 min ago.

Cost of waiting

funding view
Funding /8h
−0.0018%
Per $10,000 a day
$0.54
Average in range /8h

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, 62 min ago3.26 bp40.6 bp −$41doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 65 min ago3.25 bp29.7 bp −$3099.6 bp −$996doesn't fitdoesn't fit

RED price on every exchange

against the cheapest. Click to use as the short leg.

RED on 10 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Binance REDUSDT−0.590%+0.0100%4h$2.3M$3.7M50xas long as short
MEXC RED_USDT−0.563%+0.0344%4h$573K$163K20xas long as short
Bybit REDUSDT−0.531%+0.0100%4h$2.2M$1.6M25xas long as short
Gate RED_USDT−0.498%+0.0100%4h$404K$102K25xas long as short
Bitget REDUSDTshort−0.432%+0.0100%4h$739K$301K20x
Extended RED-USD−0.185%+0.0104%1h$315xas long as short
Aster REDUSDT−0.063%+0.0100%4h$22K$20K5xas long as short
BloFin RED-USDTlong0.000%+0.0118%4h$227K$2K25x
Variational Omni RED+0.030%+0.0100%4h$26K$3Kas long as short
SunX RED-USDT+2.319%+0.0100%4h$2K$551K20xas long as short