RATS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0865%/8h= −94.8% APRnext payment −$4.33 per $10,000 · paid last 24h +0.073%

Price spread now: BloFin against Bybit+0.141%112s7-day average +0.150% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as 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−$1331.332% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.372%+$37 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.141%, 7d avg +0.150%

Together, before fees+0.351%+$35 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.150%, so right now this pair is about funding alone: −$26 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.372%, so the current rate has only just turned against you. The two prices were read 112 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 0.372% in total (about 19.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.33 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	0.00004241	0.1246	pay 0.0623% / 4h	47m 28s	$4.3M	$938K	20x
Short	BloFin 1000RATS-USDT	0.00004247	0.0381	get 0.0190% / 4h	47m 28s	$1.0M	$10K	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now +0.141%Rate

Funding earned: −$181.73
Price spread: +0.141% → +0.150%: −$0.84
Slippage, 4 orders: −$110.19
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$315.76
Costs to cover: 1.332%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; BloFin: live order book, 5 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	7.08 bp	38.4 bp −$38	269.6 bp −$2,696	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	1.18 bp	31.2 bp −$31	126.1 bp −$1,261	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	0.00004225	−0.377%	$2.5M	$444K	25x	as long as short
Bitget 1000RATSUSDT	+0.0100%	4h	0.00004236	−0.118%	$1.5M	$382K	25x	as long as short
BloFin 1000RATS-USDTshort	+0.0381%	4h	0.00004247	+0.141%	$1.0M	$10K	40x
edgeX 1000RATSUSDC	+0.0409%	4h	0.00004244	+0.071%	$34K	$295K	10x	as long as short
MEXC 1000RATS_USDT	+0.0442%	4h	0.00004245	+0.094%	$805K	$163K	125x	as long as short
Binance 1000RATSUSDT	+0.0457%	4h	0.00004248	+0.158%	$11.1M	$2.1M	40x	as long as short
KuCoin 1000RATSUSDTM	+0.0984%	4h	0.00004235	−0.141%	$643K	$85K	30x	as long as short
BingX RATS-USDT	+0.1120%	4h	0.00004241	0.000%	—	$1.3M	—	as long as short
Bybit 1000RATSUSDTlong	+0.1246%	4h	0.00004241	long leg	$4.3M	$938K	20x
Aster 1000RATSUSDT	+0.1752%	4h	0.00004232	−0.216%	$20K	$15K	5x	as long as short