Settings8H · net · $10k
Funding arb · Price arb /

RATS

all RATS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0698%/8h= −76.5% APRnext payment $3.49 per $10,000 · paid last 24h −0.235%
Price spread now: Gate against BloFin−0.024%7-day average −0.217% · you buy dearer than you sell
Net, funding: paid 7d − costs−$282as in the Funding arb table
Net, price: spread back to 7d avg − costs−$209as in the Price arb table
costs, in and out, $10k−$2292.286% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.532%−$53 on $10k
Price spread, last 3 days (all we have)−0.157%−$16 · spread now −0.024%, 7d avg −0.217%
Together, before fees−0.689%−$69 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.193% dearer against BloFin than usual: you sell high and buy low (spread −0.024% now, against its 7-day average of −0.217%): +$19 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.532% in total) that is about 2.5 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin 1000RATS-USDT0.000041660.0798pay 0.0399% / 4h2h 47m$1.0M$9K40x
ShortGate RATS_USDT0.000041650.0100get 0.0050% / 4h2h 47m$2.4M$413K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
−$146.66
Price spread: −0.024% → −0.217%
$19.27
Slippage, 4 orders
−$201.6
Fee BloFin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$355.98
Costs to cover
2.286%
Break-even
never at this rate
Slippage from BloFin: live order book, 5 min ago; Gate: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 5 min ago10.79 bp27.9 bp −$28114.0 bp −$1,140doesn't fitdoesn't fit
Sell Gate live order book, 5 min ago6.02 bp145.6 bp −$146doesn't fitdoesn't fitdoesn't fit

RATS on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate RATS_USDTshort+0.0100%4h0.00004165−0.024%$2.4M$413K25x
Bitget 1000RATSUSDT+0.0100%4h0.00004179+0.312%$1.5M$330K25xas long as short
Bybit 1000RATSUSDT+0.0299%4h0.00004176+0.240%$4.2M$882K20xas long as short
KuCoin 1000RATSUSDTM+0.0350%4h0.00004168+0.048%$625K$79K30xas long as short
BloFin 1000RATS-USDTlong+0.0798%4h0.00004166long leg$1.0M$9K40x
Binance 1000RATSUSDT+0.0855%4h0.00004181+0.360%$11.0M$2.0M40xas long as short
MEXC 1000RATS_USDT+0.0868%4h0.00004178+0.288%$799K$181K125xas long as short
BingX RATS-USDT+0.0880%4h0.00004174+0.192%$1.2Mas long as short
edgeX 1000RATSUSDC+0.0894%4h0.00004177+0.274%$33K$293K10xas long as short
Aster 1000RATSUSDT+0.1337%4h0.00004175+0.208%$19K$14K5xas long as short