Funding arb · Price arb /

RED

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against SunX−2.397%7-day average −2.300% · you buy dearer than you sell

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

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.132%−$13 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now −2.397%, 7d avg −2.300%

Together, before fees−0.176%−$18 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: Bitget is 0.098% cheaper against SunX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −2.300%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX RED-USDT	0.1585	0.0100	pay 0.0050% / 4h	2h 18m	$2K	$821K	20x
Short	Bitget REDUSDT	0.1547	0.0100	get 0.0050% / 4h	2h 18m	$744K	$297K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −2.397%Rate

Funding earned: $0
Price spread: −2.397% → −2.300%: −$9.76
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$29.76
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 54 min ago; Bitget: live order book, 27 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, 54 min ago	259.49 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 27 min ago	9.64 bp	30.3 bp −$30	121.9 bp −$1,219	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
Aster REDUSDT	+0.0100%	4h	0.1550	−2.234%	$28K	$37K	5x	as long as short
Binance REDUSDT	+0.0100%	4h	0.1548	−2.334%	$2.3M	$4.2M	50x	as long as short
Bybit REDUSDT	+0.0100%	4h	0.1549	−2.278%	$1.9M	$2.0M	25x	as long as short
Gate RED_USDT	+0.0100%	4h	0.1548	−2.334%	$354K	$95K	25x	as long as short
Bitget REDUSDTshort	+0.0100%	4h	0.1547	−2.397%	$744K	$297K	20x
Variational Omni RED	+0.0100%	4h	0.1547	−2.424%	$26K	$3K	—	as long as short
SunX RED-USDTlong	+0.0100%	4h	0.1585	long leg	$2K	$821K	20x
Extended RED-USD	+0.0104%	1h	0.1547	−2.387%	$31	—	5x	as long as short
BloFin RED-USDT	+0.0152%	4h	0.1545	−2.543%	$219K	$5K	25x	as long as short
MEXC RED_USDT	+0.0486%	4h	0.1547	−2.397%	$524K	$168K	20x	as long as short