Funding you earn now, next payment 04:00 UTC−0.0196%/8h= −21.5% APRnext payment −$0.98 per $10,000 · paid last 24h −0.086%
Price spread now: Bitget against KuCoin+0.071%7-day average +0.124% · you sell dearer than you buy
Net, funding: paid 7d − costs−$310as in the Funding arb table
Net, price: spread back to 7d avg − costs−$313as in the Price arb table
costs, in and out, $10k−$3083.075% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 4 days (all we have)+0.118%+$12 · spread now +0.071%, 7d avg +0.124%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.053% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.124%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.021% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.98 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 | 0.00004217 | 0.0296 | pay 0.0148% / 4h | 3h 39m | $638K | $84K | 30x |
| Short | Bitget 1000RATSUSDT | 0.00004220 | 0.0100 | get 0.0050% / 4h | 3h 39m | $1.5M | $346K | 25x |
KuCoin 1000RATSUSDTM
Bitget 1000RATSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$41.16
- Price spread: +0.071% → +0.124%
- −$5.3
- Slippage, 4 orders
- −$283.55
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$354.01
- Costs to cover
- 3.075%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 13 min ago; Bitget: live order book, 2 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, 13 min ago | 9.47 bp | 172.5 bp −$172 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 5.92 bp | 44.7 bp −$45 | 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_USDT | +0.0100% | 4h | 0.00004211 | −0.142% | $2.4M | $429K | 25x | as long as short |
| Bitget 1000RATSUSDTshort | +0.0100% | 4h | 0.00004220 | +0.071% | $1.5M | $346K | 25x | |
| KuCoin 1000RATSUSDTMlong | +0.0296% | 4h | 0.00004217 | long leg | $638K | $84K | 30x | |
| Binance 1000RATSUSDT | +0.0631% | 4h | 0.00004230 | +0.308% | $11.1M | $2.1M | 40x | as long as short |
| MEXC 1000RATS_USDT | +0.0636% | 4h | 0.00004229 | +0.285% | $817K | $180K | 125x | as long as short |
| BloFin 1000RATS-USDT | +0.0663% | 4h | 0.00004237 | +0.474% | $1.0M | $11K | 40x | as long as short |
| edgeX 1000RATSUSDC | +0.0671% | 4h | 0.00004234 | +0.399% | $34K | $292K | 10x | as long as short |
| Bybit 1000RATSUSDT | +0.1247% | 4h | 0.00004226 | +0.213% | $4.3M | $944K | 20x | as long as short |
| Aster 1000RATSUSDT | +0.1277% | 4h | 0.00004215 | −0.045% | $20K | $15K | 5x | as long as short |
| BingX RATS-USDT | +0.1538% | 4h | 0.00004225 | +0.190% | — | $1.2M | — | as long as short |
Gate RATS_USDT
Binance 1000RATSUSDT
MEXC 1000RATS_USDT
BloFin 1000RATS-USDT
edgeX 1000RATSUSDC
Bybit 1000RATSUSDT
Aster 1000RATSUSDT
BingX RATS-USDT