Funding you earn now, next payment 04:00 UTC+0.1594%/8h= +174.6% APRnext payment +$7.97 per $10,000 · paid last 24h +0.149%
Price spread now: Bybit against Gate+0.355%7-day average +0.143% · you sell dearer than you buy
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1731.725% of the position
Funding, last 7 days+0.184%+$18 on $10k
+Price spread, last 7 days−0.173%−$17 · spread now +0.355%, 7d avg +0.143%
=Both sides work for this trade now. Funding pays +$48 a day on $10k at the current rate, and Bybit is 0.212% dearer against Gate than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.143%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.184% in total (about 9.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.97 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 | Gate RATS_USDT | 0.00004230 | 0.0100 | pay 0.0050% / 4h | 2h 33m | $2.5M | $439K | 25x |
| Short | Bybit 1000RATSUSDT | 0.00004245 | 0.1694 | get 0.0847% / 4h | 2h 33m | $4.3M | $942K | 20x |
Gate RATS_USDT
Bybit 1000RATSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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
- $334.79
- Price spread: +0.355% → +0.143%
- $21.15
- Slippage, 4 orders
- −$146.53
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $183.42
- Costs to cover
- 1.725%
- Break-even
- 3.2 days
Slippage from Gate: live order book, 4 min ago; Bybit: live order book, 4 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 Gate live order book, 4 min ago | 17.80 bp | 41.3 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 3.54 bp | 40.5 bp −$41 | 314.3 bp −$3,143 | doesn't fit | doesn't fit |
RATS on 9 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_USDTlong | +0.0100% | 4h | 0.00004230 | long leg | $2.5M | $439K | 25x | |
| Bitget 1000RATSUSDT | +0.0100% | 4h | 0.00004244 | +0.331% | $1.5M | $369K | 25x | as long as short |
| edgeX 1000RATSUSDC | +0.0692% | 4h | 0.00004242 | +0.280% | $34K | $294K | 10x | as long as short |
| MEXC 1000RATS_USDT | +0.0720% | 4h | 0.00004248 | +0.426% | $813K | $181K | 125x | as long as short |
| Binance 1000RATSUSDT | +0.0751% | 4h | 0.00004250 | +0.473% | $11.2M | $2.1M | 40x | as long as short |
| KuCoin 1000RATSUSDTM | +0.0926% | 4h | 0.00004237 | +0.165% | $644K | $85K | 30x | as long as short |
| BingX RATS-USDT | +0.1332% | 4h | 0.00004243 | +0.307% | — | $1.2M | — | as long as short |
| Bybit 1000RATSUSDTshort | +0.1694% | 4h | 0.00004245 | +0.355% | $4.3M | $942K | 20x | |
| Aster 1000RATSUSDT | +0.1755% | 4h | 0.00004234 | +0.090% | $20K | $15K | 5x | as long as short |
Bitget 1000RATSUSDT
edgeX 1000RATSUSDC
MEXC 1000RATS_USDT
Binance 1000RATSUSDT
KuCoin 1000RATSUSDTM
BingX RATS-USDT
Aster 1000RATSUSDT