RATS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0546%/8h= +59.8% APRnext payment +$2.73 per $10,000 · paid last 24h +0.235%

Price spread now: BloFin against Bitget+0.071%45s7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as 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−$1431.430% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.374%+$37 on $10k

Price spread, last 3 days (all we have)−0.101%−$10 · spread now +0.071%, 7d avg +0.095%

Together, before fees+0.273%+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.023% cheaper against Bitget than usual: you would sell low and buy high (spread +0.071% now, against its 7-day average of +0.095%). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.374% in total) that is about 10 hours. The two prices were read 45 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 0.374% in total (about 19.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.73 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	Bitget 1000RATSUSDT	0.00004198	0.0100	pay 0.0050% / 4h	30m 21s	$1.5M	$340K	25x
Short	BloFin 1000RATS-USDT	0.00004201	0.0646	get 0.0323% / 4h	30m 21s	$1.0M	$11K	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now +0.071%Rate

Funding earned: $114.62
Price spread: +0.071% → +0.095%: −$2.32
Slippage, 4 orders: −$118.98
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$30.69
Costs to cover: 1.430%
Break-even: 8.9 days

Slippage from Bitget: live order book, 1 min ago; BloFin: live order book, 2 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 Bitget live order book, 1 min ago	5.95 bp	35.7 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	8.32 bp	31.2 bp −$31	125.7 bp −$1,257	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	0.00004185	−0.310%	$2.4M	$422K	25x	as long as short
KuCoin 1000RATSUSDTM	+0.0100%	4h	0.00004192	−0.143%	$626K	$82K	30x	as long as short
Bitget 1000RATSUSDTlong	+0.0100%	4h	0.00004198	long leg	$1.5M	$340K	25x
Bybit 1000RATSUSDT	+0.0373%	4h	0.00004199	+0.024%	$4.3M	$892K	20x	as long as short
BingX RATS-USDT	+0.0560%	4h	0.00004198	0.000%	—	$1.2M	—	as long as short
edgeX 1000RATSUSDC	+0.0576%	4h	0.00004202	+0.092%	$33K	$294K	10x	as long as short
MEXC 1000RATS_USDT	+0.0592%	4h	0.00004201	+0.071%	$821K	$180K	125x	as long as short
Binance 1000RATSUSDT	+0.0594%	4h	0.00004201	+0.071%	$11.0M	$2.0M	40x	as long as short
BloFin 1000RATS-USDTshort	+0.0646%	4h	0.00004201	+0.071%	$1.0M	$11K	40x
Aster 1000RATSUSDT	+0.1108%	4h	0.00004189	−0.214%	$20K	$15K	5x	as long as short