Funding you earn now, next payment 00:00 UTC+0.0252%/8h= +27.6% APRnext payment +$1.26 per $10,000 · paid last 24h +0.108%
Price spread now: Bybit against Bitget+0.024%7-day average −0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1501.503% of the position
Funding, last 7 days−0.015%−$1 on $10k
+Price spread, last 7 days−0.159%−$16 · spread now +0.024%, 7d avg −0.069%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Bybit is 0.093% dearer against Bitget than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.069%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.015% in total (about -0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.26 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 | 0.00004180 | 0.0100 | pay 0.0050% / 4h | 1h 15m | $1.5M | $331K | 25x |
| Short | Bybit 1000RATSUSDT | 0.00004181 | 0.0352 | get 0.0176% / 4h | 1h 15m | $4.2M | $876K | 20x |
Bitget 1000RATSUSDT
Bybit 1000RATSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Bitget. 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
- $53.02
- Price spread: +0.024% → −0.069%
- $9.3
- Slippage, 4 orders
- −$127.33
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$88
- Costs to cover
- 1.503%
- Break-even
- 18.6 days
Slippage from Bitget: live order book, 1 min ago; Bybit: 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 | 5.98 bp | 27.8 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 8.37 bp | 44.0 bp −$44 | 357.9 bp −$3,579 | 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 | 0.00004167 | −0.311% | $2.4M | $418K | 25x | as long as short |
| Bitget 1000RATSUSDTlong | +0.0100% | 4h | 0.00004180 | long leg | $1.5M | $331K | 25x | |
| KuCoin 1000RATSUSDTM | +0.0172% | 4h | 0.00004174 | −0.144% | $623K | $80K | 30x | as long as short |
| Bybit 1000RATSUSDTshort | +0.0352% | 4h | 0.00004181 | +0.024% | $4.2M | $876K | 20x | |
| BloFin 1000RATS-USDT | +0.0606% | 4h | 0.00004180 | 0.000% | $1.0M | $9K | 40x | as long as short |
| BingX RATS-USDT | +0.0628% | 4h | 0.00004174 | −0.144% | — | $1.2M | — | as long as short |
| edgeX 1000RATSUSDC | +0.0653% | 4h | 0.00004184 | +0.085% | $33K | $294K | 10x | as long as short |
| MEXC 1000RATS_USDT | +0.0664% | 4h | 0.00004184 | +0.096% | $817K | $181K | 125x | as long as short |
| Binance 1000RATSUSDT | +0.0664% | 4h | 0.00004185 | +0.120% | $11.0M | $2.0M | 40x | as long as short |
| Aster 1000RATSUSDT | +0.1136% | 4h | 0.00004180 | −0.008% | $20K | $15K | 5x | as long as short |
Gate RATS_USDT
KuCoin 1000RATSUSDTM
BloFin 1000RATS-USDT
BingX RATS-USDT
edgeX 1000RATSUSDC
MEXC 1000RATS_USDT
Binance 1000RATSUSDT
Aster 1000RATSUSDT