Funding you earn now, next payment 08:00 UTC+0.1392%/8h= +152.4% APRnext payment +$6.96 per $10,000 · paid last 24h +0.054%
Price spread now: BingX against MEXC−0.118%7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1261.258% of the position
Funding, last 7 days+0.126%+$13 on $10k
+Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.118%, 7d avg −0.064%
=Funding pays, the price is against you. BingX is 0.054% cheaper against MEXC than usual: you would sell low and buy high (spread −0.118% now, against its 7-day average of −0.064%). If the spread goes back, that is −$5 on $10k: about 3 hours of funding at the current rate (+$42 a day). At the pace of the last 7 days (+0.126% in total) that is about 3.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.126% in total (about 6.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.96 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 | MEXC 1000RATS_USDT | 0.00004236 | 0.0872 | pay 0.0436% / 4h | 2h 20m | $785K | $165K | 125x |
| Short | BingX RATS-USDT | 0.00004231 | 0.2264 | get 0.1132% / 4h | 2h 20m | — | $1.3M | — |
MEXC 1000RATS_USDT
BingX RATS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against MEXC. 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
- $292.32
- Price spread: −0.118% → −0.064%
- −$5.41
- Slippage, 4 orders
- −$111.84
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $161.07
- Costs to cover
- 1.258%
- Break-even
- 3.1 days
Slippage from MEXC: live order book, 20 min ago; BingX: live order book, 9 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 MEXC live order book, 20 min ago | 4.73 bp | 21.8 bp −$22 | 71.9 bp −$719 | 240.5 bp −$24.1K | 438.8 bp −$219.4K |
| Sell BingX live order book, 9 min ago | 9.46 bp | 48.3 bp −$48 | 160.7 bp −$1,607 | 643.3 bp −$64.3K | 828.6 bp −$414.3K |
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 | 0.00004215 | −0.496% | $2.4M | $481K | 25x | as long as short |
| Bitget 1000RATSUSDT | +0.0372% | 4h | 0.00004233 | −0.071% | $1.6M | $406K | 25x | as long as short |
| edgeX 1000RATSUSDC | +0.0856% | 4h | 0.00004229 | −0.176% | $34K | $296K | 10x | as long as short |
| MEXC 1000RATS_USDTlong | +0.0872% | 4h | 0.00004236 | long leg | $785K | $165K | 125x | |
| Binance 1000RATSUSDT | +0.0874% | 4h | 0.00004236 | 0.000% | $11.1M | $2.2M | 40x | as long as short |
| BloFin 1000RATS-USDT | +0.0896% | 4h | 0.00004238 | +0.047% | $1.0M | $10K | 40x | as long as short |
| KuCoin 1000RATSUSDTM | +0.0920% | 4h | 0.00004226 | −0.236% | $652K | $104K | 30x | as long as short |
| Aster 1000RATSUSDT | +0.1630% | 4h | 0.00004231 | −0.125% | $20K | $12K | 5x | as long as short |
| BingX RATS-USDTshort | +0.2264% | 4h | 0.00004231 | −0.118% | — | $1.3M | — | |
| Bybit 1000RATSUSDT | +0.2431% | 4h | 0.00004232 | −0.094% | $4.2M | $1.1M | 20x | as long as short |
Gate RATS_USDT
Bitget 1000RATSUSDT
edgeX 1000RATSUSDC
Binance 1000RATSUSDT
BloFin 1000RATS-USDT
KuCoin 1000RATSUSDTM
Aster 1000RATSUSDT
Bybit 1000RATSUSDT