RATS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1355%/8h= +148.4% APRnext payment +$6.78 per $10,000 · paid last 24h +0.059%

Price spread now: BingX against BloFin−0.047%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1411.408% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.121%+$12 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.047%, 7d avg −0.095%

Together, before fees+0.144%+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$41 a day on $10k at the current rate, and BingX is 0.048% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.095%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.121% in total (about 6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.78 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	BloFin 1000RATS-USDT	0.00004227	0.0882	pay 0.0441% / 4h	2h 22m	$1.0M	$10K	40x
Short	BingX RATS-USDT	0.00004225	0.2237	get 0.1118% / 4h	2h 22m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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 BloFinbpFee BingXbpOrdersPrice spread, now −0.047%Rate

Funding earned: $284.56
Price spread: −0.047% → −0.095%: $4.78
Slippage, 4 orders: −$118.83
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: $148.51
Costs to cover: 1.408%
Break-even: 3.3 days

Slippage from BloFin: live order book, 5 min ago; BingX: live order book, 7 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 BloFin live order book, 5 min ago	1.19 bp	32.3 bp −$32	142.9 bp −$1,429	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	9.46 bp	48.3 bp −$48	160.7 bp −$1,607	643.3 bp −$64.3K	828.6 bp −$414.3K

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	0.00004208	−0.449%	$2.4M	$481K	25x	as long as short
Bitget 1000RATSUSDT	+0.0374%	4h	0.00004226	−0.024%	$1.5M	$406K	25x	as long as short
MEXC 1000RATS_USDT	+0.0868%	4h	0.00004228	+0.024%	$784K	$165K	125x	as long as short
Binance 1000RATSUSDT	+0.0872%	4h	0.00004227	0.000%	$11.1M	$2.1M	40x	as long as short
edgeX 1000RATSUSDC	+0.0880%	4h	0.00004218	−0.213%	$34K	$295K	10x	as long as short
BloFin 1000RATS-USDTlong	+0.0882%	4h	0.00004227	long leg	$1.0M	$10K	40x
KuCoin 1000RATSUSDTM	+0.0932%	4h	0.00004215	−0.284%	$650K	$104K	30x	as long as short
Aster 1000RATSUSDT	+0.1631%	4h	0.00004223	−0.098%	$20K	$12K	5x	as long as short
BingX RATS-USDTshort	+0.2237%	4h	0.00004225	−0.047%	—	$1.3M	—
Bybit 1000RATSUSDT	+0.2406%	4h	0.00004229	+0.047%	$4.2M	$1.1M	20x	as long as short