RATS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0792%/8h= −86.8% APRnext payment −$3.96 per $10,000 · paid last 24h −0.243%

Price spread now: Gate against edgeX−0.443%97s7-day average −0.212% · you buy dearer than you sell

Net, funding: paid 7d − costs−$214as 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−$1621.617% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.527%−$53 on $10k

Price spread, last 3 days (all we have)+0.002%$0 · spread now −0.443%, 7d avg −0.212%

Together, before fees−0.525%+ Points / potential airdropedgeX: Active · farm board−$52 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Gate is 0.231% cheaper against edgeX than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.212%). Swap the legs. The two prices were read 97 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 -0.527% in total (about -27.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.96 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	0.00004188	0.0892	pay 0.0446% / 4h	2h 57m	$33K	$293K	10x
Short	Gate RATS_USDT	0.00004169	0.0100	get 0.0050% / 4h	2h 57m	$2.4M	$411K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.443%Rate

Funding earned: −$166.38
Price spread: −0.443% → −0.212%: −$23.08
Slippage, 4 orders: −$137.73
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$351.19
Costs to cover: 1.617%
Break-even: never at this rate

Slippage from edgeX: live order book, 30 min ago; Gate: 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 edgeX live order book, 30 min ago	8.37 bp	26.2 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	3.60 bp	72.7 bp −$73	doesn't fit	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_USDTshort	+0.0100%	4h	0.00004169	−0.443%	$2.4M	$411K	25x
Bitget 1000RATSUSDT	+0.0100%	4h	0.00004178	−0.228%	$1.5M	$331K	25x	as long as short
KuCoin 1000RATSUSDTM	+0.0428%	4h	0.00004178	−0.228%	$627K	$79K	30x	as long as short
Bybit 1000RATSUSDT	+0.0562%	4h	0.00004182	−0.132%	$4.2M	$899K	20x	as long as short
BingX RATS-USDT	+0.0872%	4h	0.00004184	−0.084%	—	$1.2M	—	as long as short
edgeX 1000RATSUSDClong	+0.0892%	4h	0.00004188	long leg	$33K	$293K	10x
MEXC 1000RATS_USDT	+0.0916%	4h	0.00004185	−0.061%	$801K	$180K	125x	as long as short
Binance 1000RATSUSDT	+0.0927%	4h	0.00004185	−0.061%	$11.0M	$2.0M	40x	as long as short
BloFin 1000RATS-USDT	+0.0943%	4h	0.00004184	−0.084%	$1.0M	$7K	40x	as long as short
Aster 1000RATSUSDT	+0.1423%	4h	0.00004184	−0.090%	$19K	$14K	5x	as long as short