RATS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0767%/8h= −83.9% APRnext payment −$3.83 per $10,000 · paid last 24h −0.235%

Price spread now: Bitget against BloFin+0.192%75s7-day average −0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$154as 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−$1171.168% of the position

Long on BloFin Short on Bitget

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)−0.216%−$22 · spread now +0.192%, 7d avg −0.092%

Together, before fees−0.591%−$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.284% dearer against BloFin than usual: you sell high and buy low (spread +0.192% now, against its 7-day average of −0.092%): +$28 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 30 hours. At the pace of the last 7 days (−0.374% in total) that is about 5.3 days. The two prices were read 75 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 −$3.83 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	0.00004166	0.0867	pay 0.0433% / 4h	2h 50m	$1.0M	$9K	40x
Short	Bitget 1000RATSUSDT	0.00004174	0.0100	get 0.0050% / 4h	2h 50m	$1.5M	$330K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.192%Rate

Funding earned: −$161
Price spread: +0.192% → −0.092%: $28.37
Slippage, 4 orders: −$92.79
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$249.42
Costs to cover: 1.168%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Bitget: 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 BloFin live order book, 2 min ago	10.79 bp	27.9 bp −$28	114.0 bp −$1,140	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	3.59 bp	36.9 bp −$37	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_USDT	+0.0100%	4h	0.00004162	−0.096%	$2.4M	$413K	25x	as long as short
Bitget 1000RATSUSDTshort	+0.0100%	4h	0.00004174	+0.192%	$1.5M	$330K	25x
KuCoin 1000RATSUSDTM	+0.0374%	4h	0.00004170	+0.096%	$626K	$79K	30x	as long as short
Bybit 1000RATSUSDT	+0.0383%	4h	0.00004176	+0.240%	$4.2M	$886K	20x	as long as short
BloFin 1000RATS-USDTlong	+0.0867%	4h	0.00004166	long leg	$1.0M	$9K	40x
BingX RATS-USDT	+0.0882%	4h	0.00004169	+0.072%	—	$1.2M	—	as long as short
MEXC 1000RATS_USDT	+0.0898%	4h	0.00004174	+0.192%	$799K	$181K	125x	as long as short
Binance 1000RATSUSDT	+0.0899%	4h	0.00004177	+0.264%	$10.9M	$2.0M	40x	as long as short
edgeX 1000RATSUSDC	+0.0929%	4h	0.00004176	+0.237%	$33K	$292K	10x	as long as short
Aster 1000RATSUSDT	+0.1363%	4h	0.00004174	+0.185%	$19K	$14K	5x	as long as short