Settings8H · net · $10k
Funding arb · Price arb /

REZ

all REZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.37 per $10,000 · paid last 24h +0.027%
Price spread now: Bybit against Gate0.000%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$244as in the Funding arb table
Net, price: spread back to 7d avg − costs−$222as in the Price arb table
costs, in and out, $10k−$2232.228% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.208%−$21 on $10k
Price spread, last 4 days (all we have)+0.132%+$13 · spread now 0.000%, 7d avg −0.011%
Together, before fees−0.076%−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.208%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate REZ_USDT0.0038480.0478pay 0.0239% / 4h1h 37m$395K$118K10x
ShortBybit REZUSDT0.0038480.0553get 0.0276% / 4h1h 37m$1.5M$1.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$15.68
Price spread: 0.000% → −0.011%
$1.06
Slippage, 4 orders
−$196.78
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$206.04
Costs to cover
2.228%
Break-even
99.0 days
Slippage from Gate: live order book, 3 min ago; Bybit: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 3 min ago1.30 bp69.1 bp −$69doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago3.90 bp43.2 bp −$43190.9 bp −$1,909doesn't fitdoesn't fit

REZ on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_REZUSD+0.0056%1h0.003839−0.224%$44K$10K10xas long as short
Aster REZUSDT+0.0100%4h0.003842−0.168%$18K$38K5xas long as short
Binance REZUSDT+0.0100%4h0.003841−0.182%$4.9M$8.4M50xas long as short
MEXC REZ_USDT+0.0100%4h0.003842−0.156%$1.4M$401K50xas long as short
KuCoin REZUSDTM+0.0100%4h0.003843−0.130%$449K$76K30xas long as short
Bitget REZUSDT+0.0100%4h0.003847−0.026%$619K$1.2M50xas long as short
Variational Omni REZ+0.0100%4h0.003850+0.060%$88K$49Kas long as short
BloFin REZ-USDT+0.0105%4h0.003837−0.286%$317K$42K50xas long as short
Gate REZ_USDTlong+0.0478%4h0.003848long leg$395K$118K10x
BingX REZ-USDT+0.0530%4h0.003843−0.130%$6.6Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit REZUSDTshort+0.0553%4h0.0038480.000%$1.5M$1.0M25x
Hyperliquid REZ+0.1354%1h0.003851+0.078%$1.6M$503K3xas long as short