RATS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0636%/8h= −69.7% APRnext payment −$3.18 per $10,000 · paid last 24h −0.010%

Price spread now: edgeX against BingX+0.061%115s7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1401.396% of the position

Long on BingX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 4 days (all we have)+0.160%+$16 · spread now +0.061%, 7d avg +0.101%

Together, before fees+0.081%+ Points / potential airdropedgeX: Active · farm board+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and edgeX is 0.040% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.101%). Swap the legs. The two prices were read 115 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.079% in total (about -4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.18 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	0.00004241	0.1156	pay 0.0578% / 4h	1h 15m	—	$1.2M	—
Short	edgeX 1000RATSUSDC	0.00004244	0.0520	get 0.0260% / 4h	1h 15m	$34K	$294K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against BingX. 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

Position, each leg$Hold fordaysFee BingXbpFee edgeXbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$133.65
Price spread: +0.061% → +0.101%: −$3.98
Slippage, 4 orders: −$120.62
Fee BingX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$277.25
Costs to cover: 1.396%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; edgeX: live order book, 47 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	5.89 bp	45.5 bp −$45	231.2 bp −$2,312	675.9 bp −$67.6K	860.1 bp −$430.1K
Sell edgeX live order book, 47 min ago	7.10 bp	24.5 bp −$25	doesn't fit	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	0.00004230	−0.259%	$2.5M	$444K	25x	as long as short
Bitget 1000RATSUSDT	+0.0100%	4h	0.00004241	0.000%	$1.5M	$379K	25x	as long as short
Binance 1000RATSUSDT	+0.0511%	4h	0.00004246	+0.108%	$11.1M	$2.1M	40x	as long as short
MEXC 1000RATS_USDT	+0.0518%	4h	0.00004245	+0.094%	$804K	$178K	125x	as long as short
edgeX 1000RATSUSDCshort	+0.0520%	4h	0.00004244	+0.061%	$34K	$294K	10x
BloFin 1000RATS-USDT	+0.0582%	4h	0.00004245	+0.094%	$1.1M	$10K	40x	as long as short
KuCoin 1000RATSUSDTM	+0.1056%	4h	0.00004238	−0.071%	$644K	$85K	30x	as long as short
BingX RATS-USDTlong	+0.1156%	4h	0.00004241	long leg	—	$1.2M	—
Bybit 1000RATSUSDT	+0.1254%	4h	0.00004241	0.000%	$4.3M	$934K	20x	as long as short
Aster 1000RATSUSDT	+0.1835%	4h	0.00004236	−0.120%	$20K	$15K	5x	as long as short