Funding you earn now, next payment 04:00 UTC−0.1676%/8h= −183.5% APRnext payment −$8.38 per $10,000 · paid last 24h +0.079%
Price spread now: Binance against Bybit+0.047%7-day average +0.142% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1511.514% of the position
Funding, last 7 days+0.367%+$37 on $10k
+Price spread, last 7 days+0.136%+$14 · spread now +0.047%, 7d avg +0.142%
=Both sides work against this trade now: funding costs −$50 a day on $10k at the current rate, and Binance is 0.095% cheaper against Bybit than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.142%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.367%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.367% in total (about 19.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.38 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 | Bybit 1000RATSUSDT | 0.00004246 | 0.2417 | pay 0.1209% / 4h | 3h 18m | $4.3M | $941K | 20x |
| Short | Binance 1000RATSUSDT | 0.00004248 | 0.0742 | get 0.0371% / 4h | 3h 18m | $11.1M | $2.1M | 40x |
Bybit 1000RATSUSDT
Binance 1000RATSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- −$351.91
- Price spread: +0.047% → +0.142%
- −$9.5
- Slippage, 4 orders
- −$130.42
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$512.83
- Costs to cover
- 1.514%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Binance: 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 Bybit live order book, 5 min ago | 3.53 bp | 40.3 bp −$40 | 259.3 bp −$2,593 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 1.18 bp | 46.7 bp −$47 | 208.9 bp −$2,089 | 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 | 0.00004234 | −0.283% | $2.5M | $432K | 25x | as long as short |
| Bitget 1000RATSUSDT | +0.0100% | 4h | 0.00004245 | −0.024% | $1.5M | $353K | 25x | as long as short |
| KuCoin 1000RATSUSDTM | +0.0552% | 4h | 0.00004235 | −0.259% | $641K | $84K | 30x | as long as short |
| edgeX 1000RATSUSDC | +0.0690% | 4h | 0.00004250 | +0.096% | $34K | $294K | 10x | as long as short |
| BloFin 1000RATS-USDT | +0.0711% | 4h | 0.00004250 | +0.094% | $1.0M | $11K | 40x | as long as short |
| MEXC 1000RATS_USDT | +0.0724% | 4h | 0.00004249 | +0.071% | $819K | $182K | 125x | as long as short |
| Binance 1000RATSUSDTshort | +0.0742% | 4h | 0.00004248 | +0.047% | $11.1M | $2.1M | 40x | |
| Aster 1000RATSUSDT | +0.1494% | 4h | 0.00004239 | −0.175% | $20K | $15K | 5x | as long as short |
| BingX RATS-USDT | +0.1969% | 4h | 0.00004246 | 0.000% | — | $1.2M | — | as long as short |
| Bybit 1000RATSUSDTlong | +0.2417% | 4h | 0.00004246 | long leg | $4.3M | $941K | 20x |
Gate RATS_USDT
Bitget 1000RATSUSDT
KuCoin 1000RATSUSDTM
edgeX 1000RATSUSDC
BloFin 1000RATS-USDT
MEXC 1000RATS_USDT
Aster 1000RATSUSDT
BingX RATS-USDT