Funding you earn now, next payment 08:00 UTC−0.1005%/8h= −110.1% APRnext payment −$5.03 per $10,000 · paid last 24h −0.059%
Price spread now: BloFin against BingX+0.287%7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$156as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1441.435% of the position
Funding, last 7 days−0.121%−$12 on $10k
+Price spread, last 4 days (all we have)−0.246%−$25 · spread now +0.287%, 7d avg +0.094%
=The price spread pays, funding is against you. BloFin is 0.192% dearer against BingX than usual: you sell high and buy low (spread +0.287% now, against its 7-day average of +0.094%): +$19 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.121% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.121% in total (about -6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.03 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 | 0.00004187 | 0.2164 | pay 0.1082% / 4h | 46m 29s | — | $1.3M | — |
| Short | BloFin 1000RATS-USDT | 0.00004199 | 0.1159 | get 0.0579% / 4h | 46m 29s | $1.1M | $10K | 40x |
BingX RATS-USDT
BloFin 1000RATS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$211.08
- Price spread: +0.287% → +0.094%
- $19.24
- Slippage, 4 orders
- −$121.5
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$335.35
- Costs to cover
- 1.435%
- Break-even
- never at this rate
Slippage from BingX: live order book, 15 min ago; BloFin: live order book, 1 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, 15 min ago | 8.24 bp | 38.4 bp −$38 | 157.5 bp −$1,575 | 629.0 bp −$62.9K | 827.0 bp −$413.5K |
| Sell BloFin live order book, 1 min ago | 2.39 bp | 25.5 bp −$25 | 126.5 bp −$1,265 | 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 | 0.00004180 | −0.167% | $2.4M | $508K | 25x | as long as short |
| Bitget 1000RATSUSDT | +0.0472% | 4h | 0.00004188 | +0.024% | $1.5M | $417K | 25x | as long as short |
| KuCoin 1000RATSUSDTM | +0.0792% | 4h | 0.00004178 | −0.215% | $645K | $104K | 30x | as long as short |
| Binance 1000RATSUSDT | +0.1094% | 4h | 0.00004190 | +0.079% | $11.0M | $2.2M | 40x | as long as short |
| MEXC 1000RATS_USDT | +0.1102% | 4h | 0.00004191 | +0.096% | $769K | $158K | 125x | as long as short |
| edgeX 1000RATSUSDC | +0.1118% | 4h | 0.00004192 | +0.131% | $33K | $297K | 10x | as long as short |
| BloFin 1000RATS-USDTshort | +0.1159% | 4h | 0.00004199 | +0.287% | $1.1M | $10K | 40x | |
| Aster 1000RATSUSDT | +0.1284% | 4h | 0.00004188 | +0.032% | $25K | $21K | 5x | as long as short |
| BingX RATS-USDTlong | +0.2164% | 4h | 0.00004187 | long leg | — | $1.3M | — | |
| Bybit 1000RATSUSDT | +0.2216% | 4h | 0.00004183 | −0.096% | $4.1M | $1.2M | 20x | as long as short |
Gate RATS_USDT
Bitget 1000RATSUSDT
KuCoin 1000RATSUSDTM
Binance 1000RATSUSDT
MEXC 1000RATS_USDT
edgeX 1000RATSUSDC
Aster 1000RATSUSDT
Bybit 1000RATSUSDT