Funding you earn now, next payment 04:00 UTC−0.0670%/8h= −73.4% APRnext payment −$3.35 per $10,000 · paid last 24h −0.007%
Price spread now: MEXC against BingX+0.142%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1301.303% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 4 days (all we have)−0.142%−$14 · spread now +0.142%, 7d avg +0.063%
=The price spread pays, funding is against you. MEXC is 0.079% dearer against BingX than usual: you sell high and buy low (spread +0.142% now, against its 7-day average of +0.063%): +$8 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.078% in total) that is about 7.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.078% in total (about -4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.35 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 | 0.00004234 | 0.1088 | pay 0.0544% / 4h | 51m 39s | — | $1.3M | — |
| Short | MEXC 1000RATS_USDT | 0.00004240 | 0.0418 | get 0.0209% / 4h | 51m 39s | $804K | $163K | 125x |
BingX RATS-USDT
MEXC 1000RATS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$140.7
- Price spread: +0.142% → +0.063%
- $7.86
- Slippage, 4 orders
- −$116.28
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$263.12
- Costs to cover
- 1.303%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; MEXC: live order book, 64 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, 6 min ago | 7.10 bp | 41.4 bp −$41 | 197.2 bp −$1,972 | 662.8 bp −$66.3K | 863.7 bp −$431.8K |
| Sell MEXC live order book, 64 min ago | 1.18 bp | 24.0 bp −$24 | 71.1 bp −$711 | 239.8 bp −$24.0K | 428.3 bp −$214.1K |
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 | 0.00004224 | −0.236% | $2.5M | $443K | 25x | as long as short |
| Bitget 1000RATSUSDT | +0.0100% | 4h | 0.00004236 | +0.047% | $1.5M | $382K | 25x | as long as short |
| BloFin 1000RATS-USDT | +0.0401% | 4h | 0.00004244 | +0.236% | $1.1M | $10K | 40x | as long as short |
| MEXC 1000RATS_USDTshort | +0.0418% | 4h | 0.00004240 | +0.142% | $804K | $163K | 125x | |
| Binance 1000RATSUSDT | +0.0423% | 4h | 0.00004239 | +0.118% | $11.1M | $2.1M | 40x | as long as short |
| edgeX 1000RATSUSDC | +0.0427% | 4h | 0.00004237 | +0.079% | $34K | $293K | 10x | as long as short |
| KuCoin 1000RATSUSDTM | +0.0962% | 4h | 0.00004230 | −0.094% | $642K | $86K | 30x | as long as short |
| BingX RATS-USDTlong | +0.1088% | 4h | 0.00004234 | long leg | — | $1.3M | — | |
| Bybit 1000RATSUSDT | +0.1148% | 4h | 0.00004236 | +0.047% | $4.3M | $938K | 20x | as long as short |
| Aster 1000RATSUSDT | +0.1747% | 4h | 0.00004230 | −0.090% | $20K | $15K | 5x | as long as short |
Gate RATS_USDT
Bitget 1000RATSUSDT
BloFin 1000RATS-USDT
Binance 1000RATSUSDT
edgeX 1000RATSUSDC
KuCoin 1000RATSUSDTM
Bybit 1000RATSUSDT
Aster 1000RATSUSDT