RED: Bybit ↔ Bybit arbitrage

RED arbitrage between Bybit and Bybit: we compare the price of RED on Bybit (spot) and Bybit (futures) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

RED: Bybit — deposit open, withdrawal open; Bybit — deposit open, withdrawal open.

Open interest in RED right now — $5.4M: Binance $2.7M, Bybit $2.1M, Bitget $613.2K. See OI RED.

About RED arbitrage

How do I read the RED spread?

The spread is how many percent higher RED trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on Bybit and Bybit. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get RED alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.