RATS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0622%/8h= +68.1% APRnext payment +$3.11 per $10,000 · paid last 24h −0.158%

Price spread now: KuCoin against Bybit−0.096%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$242as in the Funding arb table

Net, price: spread back to 7d avg − costs−$238as in the Price arb table

costs, in and out, $10k−$2352.347% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 4 days (all we have)+0.104%+$10 · spread now −0.096%, 7d avg −0.058%

Together, before fees+0.028%+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.038% cheaper against Bybit than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of −0.058%). If the spread goes back, that is −$4 on $10k: about 5 hours of funding at the current rate (+$19 a day). Mind the row above: over the last 7 days funding on this pair cost −0.076%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.076% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.11 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	0.00004167	0.0100	pay 0.0050% / 4h	3h 51m	$4.2M	$1.3M	20x
Short	KuCoin 1000RATSUSDTM	0.00004163	0.0722	get 0.0361% / 4h	3h 51m	$673K	$110K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.096%Rate

Funding earned: $130.62
Price spread: −0.096% → −0.058%: −$3.78
Slippage, 4 orders: −$211.67
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$107.82
Costs to cover: 2.347%
Break-even: 12.8 days

Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 53 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, 1 min ago	4.80 bp	41.2 bp −$41	201.1 bp −$2,011	doesn't fit	doesn't fit
Sell KuCoin live order book, 53 min ago	11.94 bp	88.9 bp −$89	897.6 bp −$8,976	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
Bybit 1000RATSUSDTlong	+0.0100%	4h	0.00004167	long leg	$4.2M	$1.3M	20x
Gate RATS_USDT	+0.0100%	4h	0.00004158	−0.216%	$2.4M	$516K	25x	as long as short
Bitget 1000RATSUSDT	+0.0346%	4h	0.00004173	+0.144%	$1.5M	$455K	25x	as long as short
KuCoin 1000RATSUSDTMshort	+0.0722%	4h	0.00004163	−0.096%	$673K	$110K	30x
BingX RATS-USDT	+0.0966%	4h	0.00004164	−0.072%	—	$1.3M	—	as long as short
BloFin 1000RATS-USDT	+0.0987%	4h	0.00004164	−0.072%	$1.0M	$10K	40x	as long as short
edgeX 1000RATSUSDC	+0.0998%	4h	0.00004171	+0.087%	$33K	$297K	10x	as long as short
MEXC 1000RATS_USDT	+0.1030%	4h	0.00004172	+0.120%	$719K	$173K	125x	as long as short
Binance 1000RATSUSDT	+0.1053%	4h	0.00004173	+0.150%	$11.0M	$2.3M	40x	as long as short
Aster 1000RATSUSDT	+0.1145%	4h	0.00004164	−0.072%	$25K	$19K	5x	as long as short