Funding you earn now, next payment 04:00 UTC−0.0972%/8h= −106.4% APRnext payment −$4.86 per $10,000 · paid last 24h −0.007%
Price spread now: Binance against BingX−0.049%7-day average +0.083% · you buy dearer than you sell
Net, funding: paid 7d − costs−$181as in the Funding arb table
Net, price: spread back to 7d avg − costs−$187as in the Price arb table
costs, in and out, $10k−$1731.735% of the position
Funding, last 7 days−0.076%−$8 on $10k
+Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.049%, 7d avg +0.083%
=Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Binance is 0.131% cheaper against BingX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.083%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.076% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.86 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX RATS-USDT | 0.00004226 | 0.1806 | pay 0.0903% / 4h | 2h 55m | — | $1.2M | — |
| Short | Binance 1000RATSUSDT | 0.00004224 | 0.0834 | get 0.0417% / 4h | 2h 55m | $11.1M | $2.1M | 40x |
BingX RATS-USDT
Binance 1000RATSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$204.04
- Price spread: −0.049% → +0.083%
- −$13.11
- Slippage, 4 orders
- −$153.49
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$390.64
- Costs to cover
- 1.735%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; Binance: live order book, 15 min ago.
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 BingX live order book, 5 min ago | 7.09 bp | 37.6 bp −$38 | 151.7 bp −$1,517 | 555.1 bp −$55.5K | 742.5 bp −$371.3K |
| Sell Binance live order book, 15 min ago | 1.17 bp | 49.8 bp −$50 | 210.1 bp −$2,101 | doesn't fit | doesn't fit |
RATS 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate RATS_USDT | +0.0100% | 4h | 0.00004212 | −0.331% | $2.4M | $435K | 25x | as long as short |
| Bitget 1000RATSUSDT | +0.0100% | 4h | 0.00004219 | −0.166% | $1.5M | $365K | 25x | as long as short |
| BloFin 1000RATS-USDT | +0.0786% | 4h | 0.00004236 | +0.237% | $1.0M | $11K | 40x | as long as short |
| MEXC 1000RATS_USDT | +0.0834% | 4h | 0.00004225 | −0.024% | $809K | $180K | 125x | as long as short |
| Binance 1000RATSUSDTshort | +0.0834% | 4h | 0.00004224 | −0.049% | $11.1M | $2.1M | 40x | |
| KuCoin 1000RATSUSDTM | +0.0854% | 4h | 0.00004221 | −0.118% | $639K | $84K | 30x | as long as short |
| edgeX 1000RATSUSDC | +0.0874% | 4h | 0.00004235 | +0.218% | $34K | $293K | 10x | as long as short |
| Bybit 1000RATSUSDT | +0.1742% | 4h | 0.00004222 | −0.095% | $4.3M | $948K | 20x | as long as short |
| Aster 1000RATSUSDT | +0.1747% | 4h | 0.00004222 | −0.094% | $20K | $15K | 5x | as long as short |
| BingX RATS-USDTlong | +0.1806% | 4h | 0.00004226 | long leg | — | $1.2M | — |
Gate RATS_USDT
Bitget 1000RATSUSDT
BloFin 1000RATS-USDT
MEXC 1000RATS_USDT
KuCoin 1000RATSUSDTM
edgeX 1000RATSUSDC
Bybit 1000RATSUSDT
Aster 1000RATSUSDT