Funding you earn now, next payment 08:00 UTC−0.0358%/8h= −39.2% APRnext payment −$1.79 per $10,000 · paid last 24h −0.009%
Price spread now: Gate against Bitget−0.286%7-day average −0.210% · you buy dearer than you sell
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1431.432% of the position
Funding, last 7 days−0.166%−$17 on $10k
+Price spread, last 7 days−0.152%−$15 · spread now −0.286%, 7d avg −0.210%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Gate is 0.076% cheaper against Bitget than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.210%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.166% in total (about -8.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.79 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 | 0.00004191 | 0.0458 | pay 0.0229% / 4h | 43m 33s | $1.5M | $417K | 25x |
| Short | Gate RATS_USDT | 0.00004179 | 0.0100 | get 0.0050% / 4h | 43m 33s | $2.4M | $508K | 25x |
Bitget 1000RATSUSDT
Gate RATS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$75.18
- Price spread: −0.286% → −0.210%
- −$7.63
- Slippage, 4 orders
- −$116.22
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$226.04
- Costs to cover
- 1.432%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Gate: live order book, 4 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, 3 min ago | 5.97 bp | 37.9 bp −$38 | 519.9 bp −$5,199 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 8.38 bp | 34.3 bp −$34 | 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_USDTshort | +0.0100% | 4h | 0.00004179 | −0.286% | $2.4M | $508K | 25x | |
| Bitget 1000RATSUSDTlong | +0.0458% | 4h | 0.00004191 | long leg | $1.5M | $417K | 25x | |
| KuCoin 1000RATSUSDTM | +0.0760% | 4h | 0.00004185 | −0.143% | $646K | $104K | 30x | as long as short |
| Binance 1000RATSUSDT | +0.1068% | 4h | 0.00004202 | +0.262% | $11.0M | $2.2M | 40x | as long as short |
| MEXC 1000RATS_USDT | +0.1074% | 4h | 0.00004196 | +0.119% | $770K | $158K | 125x | as long as short |
| BloFin 1000RATS-USDT | +0.1079% | 4h | 0.00004199 | +0.191% | $1.0M | $10K | 40x | as long as short |
| edgeX 1000RATSUSDC | +0.1080% | 4h | 0.00004192 | +0.031% | $33K | $298K | 10x | as long as short |
| Aster 1000RATSUSDT | +0.1253% | 4h | 0.00004187 | −0.093% | $25K | $21K | 5x | as long as short |
| Bybit 1000RATSUSDT | +0.2143% | 4h | 0.00004190 | −0.024% | $4.2M | $1.2M | 20x | as long as short |
| BingX RATS-USDT | +0.2164% | 4h | 0.00004186 | −0.119% | — | $1.3M | — | as long as short |
KuCoin 1000RATSUSDTM
Binance 1000RATSUSDT
MEXC 1000RATS_USDT
BloFin 1000RATS-USDT
edgeX 1000RATSUSDC
Aster 1000RATSUSDT
Bybit 1000RATSUSDT
BingX RATS-USDT