RATS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1759%/8h= +192.6% APRnext payment +$8.79 per $10,000 · paid last 24h −0.004%

Price spread now: Bybit against edgeX−0.312%7-day average −0.154% · you buy dearer than you sell

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$1251.251% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.316%−$32 on $10k

Price spread, last 4 days (all we have)+0.110%+$11 · spread now −0.312%, 7d avg −0.154%

Together, before fees−0.206%+ Points / potential airdropedgeX: Active · farm board−$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.159% cheaper against edgeX than usual: you would sell low and buy high (spread −0.312% now, against its 7-day average of −0.154%). If the spread goes back, that is −$16 on $10k: about 7 hours of funding at the current rate (+$53 a day). Mind the row above: over the last 7 days funding on this pair cost −0.316%, 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 -0.316% in total (about -16.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.79 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	edgeX 1000RATSUSDC	0.00004250	0.0939	pay 0.0469% / 4h	2h 41m	$34K	$294K	10x
Short	Bybit 1000RATSUSDT	0.00004237	0.2698	get 0.1349% / 4h	2h 41m	$4.3M	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. 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 edgeXbpFee BybitbpOrdersPrice spread, now −0.312%Rate

Funding earned: $369.31
Price spread: −0.312% → −0.154%: −$15.85
Slippage, 4 orders: −$105.05
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $228.41
Costs to cover: 1.251%
Break-even: 2.7 days

Slippage from edgeX: live order book, 7 min ago; Bybit: live order book, 1 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 edgeX live order book, 7 min ago	7.03 bp	24.5 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	9.43 bp	36.7 bp −$37	356.2 bp −$3,562	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	0.00004224	−0.618%	$2.4M	$476K	25x	as long as short
Bitget 1000RATSUSDT	+0.0410%	4h	0.00004240	−0.242%	$1.6M	$403K	25x	as long as short
Binance 1000RATSUSDT	+0.0931%	4h	0.00004240	−0.239%	$11.1M	$2.2M	40x	as long as short
edgeX 1000RATSUSDClong	+0.0939%	4h	0.00004250	long leg	$34K	$294K	10x
MEXC 1000RATS_USDT	+0.0942%	4h	0.00004244	−0.148%	$788K	$163K	125x	as long as short
BloFin 1000RATS-USDT	+0.0988%	4h	0.00004256	+0.135%	$1.0M	$10K	40x	as long as short
KuCoin 1000RATSUSDTM	+0.1094%	4h	0.00004237	−0.312%	$654K	$103K	30x	as long as short
Aster 1000RATSUSDT	+0.1739%	4h	0.00004233	−0.404%	$20K	$15K	5x	as long as short
BingX RATS-USDT	+0.2554%	4h	0.00004244	−0.148%	—	$1.3M	—	as long as short
Bybit 1000RATSUSDTshort	+0.2698%	4h	0.00004237	−0.312%	$4.3M	$1.0M	20x