Funding you earn now, next payment 08:00 UTC−0.1408%/8h= −154.2% APRnext payment −$7.04 per $10,000 · paid last 24h −0.158%
Price spread now: KuCoin against BingX−0.141%7-day average −0.111% · you buy dearer than you sell
Net, funding: paid 7d − costs−$448as in the Funding arb table
Net, price: spread back to 7d avg − costs−$403as in the Price arb table
costs, in and out, $10k−$4003.997% of the position
Funding, last 7 days−0.480%−$48 on $10k
+Price spread, last 4 days (all we have)+0.093%+$9 · spread now −0.141%, 7d avg −0.111%
=Both sides work against this trade now: funding costs −$42 a day on $10k at the current rate, and KuCoin is 0.030% cheaper against BingX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.111%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.480% in total (about -25.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.04 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 | 0.00004251 | 0.2402 | pay 0.1201% / 4h | 1h 35m | — | $1.3M | — |
| Short | KuCoin 1000RATSUSDTM | 0.00004245 | 0.0994 | get 0.0497% / 4h | 1h 35m | $655K | $103K | 30x |
BingX RATS-USDT
KuCoin 1000RATSUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$295.68
- Price spread: −0.141% → −0.111%
- −$3.02
- Slippage, 4 orders
- −$377.68
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$698.38
- Costs to cover
- 3.997%
- Break-even
- never at this rate
Slippage from BingX: live order book, 1 min ago; KuCoin: live order book, 19 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, 1 min ago | 9.41 bp | 44.9 bp −$45 | 202.8 bp −$2,028 | 639.5 bp −$63.9K | 823.1 bp −$411.6K |
| Sell KuCoin live order book, 19 min ago | 10.61 bp | 251.6 bp −$252 | 925.9 bp −$9,259 | 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 | 0.00004238 | −0.306% | $2.5M | $485K | 25x | as long as short |
| Bitget 1000RATSUSDT | +0.0442% | 4h | 0.00004252 | +0.024% | $1.6M | $407K | 25x | as long as short |
| KuCoin 1000RATSUSDTMshort | +0.0994% | 4h | 0.00004245 | −0.141% | $655K | $103K | 30x | |
| edgeX 1000RATSUSDC | +0.1082% | 4h | 0.00004255 | +0.088% | $34K | $297K | 10x | as long as short |
| Binance 1000RATSUSDT | +0.1085% | 4h | 0.00004260 | +0.219% | $11.2M | $2.2M | 40x | as long as short |
| MEXC 1000RATS_USDT | +0.1088% | 4h | 0.00004255 | +0.094% | $788K | $159K | 125x | as long as short |
| BloFin 1000RATS-USDT | +0.1092% | 4h | 0.00004256 | +0.118% | $1.0M | $10K | 40x | as long as short |
| Aster 1000RATSUSDT | +0.1839% | 4h | 0.00004245 | −0.141% | $20K | $12K | 5x | as long as short |
| BingX RATS-USDTlong | +0.2402% | 4h | 0.00004251 | long leg | — | $1.3M | — | |
| Bybit 1000RATSUSDT | +0.2497% | 4h | 0.00004244 | −0.165% | $4.2M | $1.1M | 20x | as long as short |
Gate RATS_USDT
Bitget 1000RATSUSDT
edgeX 1000RATSUSDC
Binance 1000RATSUSDT
MEXC 1000RATS_USDT
BloFin 1000RATS-USDT
Aster 1000RATSUSDT
Bybit 1000RATSUSDT