Settings8H · net · $10k
Funding arb · Price arb /

RATS

all RATS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0774%/8h= +84.8% APRnext payment +$3.87 per $10,000 · paid last 24h +0.227%
Price spread now: edgeX against Gate+0.527%97s7-day average +0.224% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1411.414% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.550%+$55 on $10k
Price spread, last 3 days (all we have)−0.254%−$25 · spread now +0.527%, 7d avg +0.224%
Together, before fees+0.296%+ Points / potential airdropedgeX: Active · farm board+$30 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and edgeX is 0.303% dearer against Gate than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.224%. The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate RATS_USDT0.000042130.0100pay 0.0050% / 4h2h 53m$2.4M$436K25x
ShortedgeX 1000RATSUSDC0.000042350.0874get 0.0437% / 4h2h 53m$34K$293K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Gate. 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

Funding earned
$162.56
Price spread: +0.527% → +0.224%
$30.27
Slippage, 4 orders
−$117.43
Fee Gate: 7.5 bp × 2 orders
−$15
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$51.39
Costs to cover
1.414%
Break-even
4.8 days
Slippage from Gate: live order book, 4 min ago; edgeX: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 4 min ago17.78 bp43.1 bp −$43doesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 14 min ago7.04 bp24.5 bp −$24doesn't fitdoesn't fitdoesn't fit

RATS on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate RATS_USDTlong+0.0100%4h0.00004213long leg$2.4M$436K25x
Bitget 1000RATSUSDT+0.0100%4h0.00004225+0.285%$1.5M$366K25xas long as short
BloFin 1000RATS-USDT+0.0786%4h0.00004236+0.546%$1.0M$11K40xas long as short
Binance 1000RATSUSDT+0.0807%4h0.00004231+0.427%$11.1M$2.1M40xas long as short
MEXC 1000RATS_USDT+0.0834%4h0.00004222+0.214%$808K$180K125xas long as short
KuCoin 1000RATSUSDTM+0.0846%4h0.00004217+0.095%$639K$84K30xas long as short
edgeX 1000RATSUSDCshort+0.0874%4h0.00004235+0.527%$34K$293K10x
Bybit 1000RATSUSDT+0.1659%4h0.00004224+0.261%$4.3M$949K20xas long as short
Aster 1000RATSUSDT+0.1727%4h0.00004218+0.117%$20K$15K5xas long as short
BingX RATS-USDT+0.1806%4h0.00004218+0.119%$1.2Mas long as short