Funding you earn now, next payment 04:00 UTC−0.0618%/8h= −67.6% APRnext payment −$3.09 per $10,000 · paid last 24h +0.144%
Price spread now: Binance against KuCoin+0.196%7-day average +0.190% · you sell dearer than you buy
Net, funding: paid 7d − costs−$156as in the Funding arb table
Net, price: spread back to 7d avg − costs−$193as in the Price arb table
costs, in and out, $10k−$1941.938% of the position
Funding, last 7 days+0.373%+$37 on $10k
+Price spread, last 4 days (all we have)−0.172%−$17 · spread now +0.196%, 7d avg +0.190%
=The price spread sits at its 7-day average of +0.190%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.373%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.373% in total (about 19.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.09 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 | KuCoin 1000RATSUSDTM | 0.00004293 | 0.1462 | pay 0.0731% / 4h | 25m 31s | $652K | $87K | 30x |
| Short | Binance 1000RATSUSDT | 0.00004301 | 0.0844 | get 0.0422% / 4h | 25m 31s | $11.3M | $2.1M | 40x |
KuCoin 1000RATSUSDTM
Binance 1000RATSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- −$129.68
- Price spread: +0.196% → +0.190%
- $0.57
- Slippage, 4 orders
- −$171.8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$322.91
- Costs to cover
- 1.938%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 58 min ago; Binance: live order book, 14 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 KuCoin live order book, 58 min ago | 9.44 bp | 52.8 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 1.17 bp | 39.3 bp −$39 | 224.4 bp −$2,244 | 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 | 0.00004280 | −0.303% | $2.5M | $453K | 25x | as long as short |
| Bitget 1000RATSUSDT | +0.0188% | 4h | 0.00004296 | +0.070% | $1.6M | $385K | 25x | as long as short |
| MEXC 1000RATS_USDT | +0.0836% | 4h | 0.00004301 | +0.186% | $812K | $165K | 125x | as long as short |
| edgeX 1000RATSUSDC | +0.0844% | 4h | 0.00004296 | +0.073% | $34K | $293K | 10x | as long as short |
| Binance 1000RATSUSDTshort | +0.0844% | 4h | 0.00004301 | +0.196% | $11.3M | $2.1M | 40x | |
| BloFin 1000RATS-USDT | +0.0868% | 4h | 0.00004298 | +0.116% | $1.1M | $11K | 40x | as long as short |
| KuCoin 1000RATSUSDTMlong | +0.1462% | 4h | 0.00004293 | long leg | $652K | $87K | 30x | |
| BingX RATS-USDT | +0.1792% | 4h | 0.00004305 | +0.280% | — | $1.3M | — | as long as short |
| Bybit 1000RATSUSDT | +0.1941% | 4h | 0.00004296 | +0.070% | $4.3M | $968K | 20x | as long as short |
| Aster 1000RATSUSDT | +0.2131% | 4h | 0.00004290 | −0.072% | $20K | $15K | 5x | as long as short |
Gate RATS_USDT
Bitget 1000RATSUSDT
MEXC 1000RATS_USDT
edgeX 1000RATSUSDC
BloFin 1000RATS-USDT
BingX RATS-USDT
Bybit 1000RATSUSDT
Aster 1000RATSUSDT