Funding you earn now, next payment 00:00 UTC+0.0538%/8h= +59.0% APRnext payment +$2.69 per $10,000 · paid last 24h +0.130%
Price spread now: BingX against Bybit−0.168%7-day average +0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$179as in the Price arb table
costs, in and out, $10k−$1571.568% of the position
Funding, last 7 days+0.448%+$45 on $10k
+Price spread, last 4 days (all we have)+0.581%+$58 · spread now −0.168%, 7d avg +0.058%
=Funding pays, the price is against you. BingX is 0.225% cheaper against Bybit than usual: you would sell low and buy high (spread −0.168% now, against its 7-day average of +0.058%). If the spread goes back, that is −$23 on $10k: about 33 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.448% in total) that is about 3.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit 1000RATSUSDT | 0.00004176 | 0.0344 | pay 0.0172% / 4h | 2h 49m | $4.2M | $885K | 20x |
| Short | BingX RATS-USDT | 0.00004169 | 0.0882 | get 0.0441% / 4h | 2h 49m | — | $1.2M | — |
Bybit 1000RATSUSDT
BingX RATS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $113.06
- Price spread: −0.168% → +0.058%
- −$22.52
- Slippage, 4 orders
- −$135.77
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$66.24
- Costs to cover
- 1.568%
- Break-even
- 11.1 days
Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 10 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, 3 min ago | 4.80 bp | 47.8 bp −$48 | 284.3 bp −$2,843 | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 4.78 bp | 31.1 bp −$31 | 110.8 bp −$1,108 | 653.5 bp −$65.4K | 852.5 bp −$426.3K |
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 | 0.00004161 | −0.359% | $2.4M | $413K | 25x | as long as short |
| Bitget 1000RATSUSDT | +0.0100% | 4h | 0.00004172 | −0.096% | $1.5M | $330K | 25x | as long as short |
| Bybit 1000RATSUSDTlong | +0.0344% | 4h | 0.00004176 | long leg | $4.2M | $885K | 20x | |
| KuCoin 1000RATSUSDTM | +0.0366% | 4h | 0.00004170 | −0.144% | $626K | $79K | 30x | as long as short |
| BloFin 1000RATS-USDT | +0.0867% | 4h | 0.00004166 | −0.239% | $1.0M | $9K | 40x | as long as short |
| BingX RATS-USDTshort | +0.0882% | 4h | 0.00004169 | −0.168% | — | $1.2M | — | |
| Binance 1000RATSUSDT | +0.0883% | 4h | 0.00004177 | +0.016% | $10.9M | $2.0M | 40x | as long as short |
| MEXC 1000RATS_USDT | +0.0898% | 4h | 0.00004176 | 0.000% | $799K | $181K | 125x | as long as short |
| edgeX 1000RATSUSDC | +0.0929% | 4h | 0.00004176 | −0.003% | $33K | $292K | 10x | as long as short |
| Aster 1000RATSUSDT | +0.1349% | 4h | 0.00004174 | −0.051% | $19K | $14K | 5x | as long as short |
Gate RATS_USDT
Bitget 1000RATSUSDT
KuCoin 1000RATSUSDTM
BloFin 1000RATS-USDT
Binance 1000RATSUSDT
MEXC 1000RATS_USDT
edgeX 1000RATSUSDC
Aster 1000RATSUSDT