Funding you earn now, next payment 00:00 UTC−0.0335%/8h= −36.7% APRnext payment −$1.68 per $10,000 · paid last 24h −0.130%
Price spread now: Bybit against BingX+0.095%7-day average −0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$211as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1661.663% of the position
Funding, last 7 days−0.448%−$45 on $10k
+Price spread, last 4 days (all we have)−0.174%−$17 · spread now +0.095%, 7d avg −0.054%
=The price spread pays, funding is against you. Bybit is 0.150% dearer against BingX than usual: you sell high and buy low (spread +0.095% now, against its 7-day average of −0.054%): +$15 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 36 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX RATS-USDT | 0.00004192 | 0.0604 | pay 0.0302% / 4h | 34m 36s | — | $1.2M | — |
| Short | Bybit 1000RATSUSDT | 0.00004196 | 0.0269 | get 0.0134% / 4h | 34m 36s | $4.3M | $885K | 20x |
BingX RATS-USDT
Bybit 1000RATSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$70.38
- Price spread: +0.095% → −0.054%
- $14.98
- Slippage, 4 orders
- −$145.34
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$221.74
- Costs to cover
- 1.663%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; Bybit: live order book, 3 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, 7 min ago | 5.96 bp | 43.7 bp −$44 | 205.3 bp −$2,053 | 611.9 bp −$61.2K | 758.3 bp −$379.2K |
| Sell Bybit live order book, 3 min ago | 8.35 bp | 44.1 bp −$44 | 364.9 bp −$3,649 | 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 | 0.00004182 | −0.239% | $2.4M | $422K | 25x | as long as short |
| KuCoin 1000RATSUSDTM | +0.0100% | 4h | 0.00004184 | −0.191% | $624K | $82K | 30x | as long as short |
| Bitget 1000RATSUSDT | +0.0100% | 4h | 0.00004192 | 0.000% | $1.5M | $339K | 25x | as long as short |
| Bybit 1000RATSUSDTshort | +0.0269% | 4h | 0.00004196 | +0.095% | $4.3M | $885K | 20x | |
| MEXC 1000RATS_USDT | +0.0588% | 4h | 0.00004194 | +0.048% | $820K | $179K | 125x | as long as short |
| Binance 1000RATSUSDT | +0.0589% | 4h | 0.00004200 | +0.181% | $11.0M | $2.0M | 40x | as long as short |
| BingX RATS-USDTlong | +0.0604% | 4h | 0.00004192 | long leg | — | $1.2M | — | |
| edgeX 1000RATSUSDC | +0.0629% | 4h | 0.00004193 | +0.035% | $33K | $293K | 10x | as long as short |
| BloFin 1000RATS-USDT | +0.0647% | 4h | 0.00004190 | −0.048% | $1.0M | $11K | 40x | as long as short |
| Aster 1000RATSUSDT | +0.1086% | 4h | 0.00004188 | −0.092% | $20K | $15K | 5x | as long as short |
Gate RATS_USDT
KuCoin 1000RATSUSDTM
Bitget 1000RATSUSDT
MEXC 1000RATS_USDT
Binance 1000RATSUSDT
edgeX 1000RATSUSDC
BloFin 1000RATS-USDT
Aster 1000RATSUSDT