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

RATS

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Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0341%/8h= +37.3% APRnext payment +$1.70 per $10,000 · paid last 24h +0.100%
Price spread now: BloFin against KuCoin+0.236%7-day average +0.210% · you sell dearer than you buy
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1621.623% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.383%+$38 on $10k
Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.236%, 7d avg +0.210%
Together, before fees+0.341%+$34 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and BloFin is 0.025% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.210%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin 1000RATSUSDTM0.000042400.0946pay 0.0473% / 4h3h 00m$671K$114K30x
ShortBloFin 1000RATS-USDT0.000042500.1287get 0.0643% / 4h3h 00m$1.1M$10K40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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
$71.58
Price spread: +0.236% → +0.210%
$2.54
Slippage, 4 orders
−$138.28
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$88.15
Costs to cover
1.623%
Break-even
15.6 days
Slippage from KuCoin: live order book, 33 min ago; BloFin: live order book, 1 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 KuCoin live order book, 33 min ago10.76 bp48.1 bp −$48doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 1 min ago1.18 bp31.1 bp −$31113.0 bp −$1,130doesn'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_USDT+0.0100%4h0.00004237−0.071%$2.5M$530K25xas long as short
Bitget 1000RATSUSDT+0.0440%4h0.00004243+0.071%$1.6M$458K25xas long as short
Bybit 1000RATSUSDT+0.0555%4h0.00004237−0.071%$4.2M$1.3M20xas long as short
KuCoin 1000RATSUSDTMlong+0.0946%4h0.00004240long leg$671K$114K30x
BingX RATS-USDT+0.1212%4h0.00004239−0.024%$1.3Mas long as short
Binance 1000RATSUSDT+0.1258%4h0.00004245+0.118%$11.1M$2.2M40xas long as short
MEXC 1000RATS_USDT+0.1270%4h0.00004245+0.118%$729K$176K125xas long as short
edgeX 1000RATSUSDC+0.1280%4h0.00004259+0.446%$34K$298K10xas long as short
BloFin 1000RATS-USDTshort+0.1287%4h0.00004250+0.236%$1.1M$10K40x
Aster 1000RATSUSDT+0.1349%4h0.00004239−0.033%$26K$19K5xas long as short