RATS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1776%/8h= +194.5% APRnext payment +$8.88 per $10,000 · paid last 24h −0.006%

Price spread now: Bybit against Binance−0.094%7-day average −0.139% · you buy dearer than you sell

Net, funding: paid 7d − costs−$177as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$1451.453% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.316%−$32 on $10k

Price spread, last 7 days−0.078%−$8 · spread now −0.094%, 7d avg −0.139%

Together, before fees−0.394%−$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$53 a day on $10k at the current rate, and Bybit is 0.045% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.139%. Mind the row above: over the last 7 days funding on this pair cost −0.316%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.316% in total (about -16.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.88 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	Binance 1000RATSUSDT	0.00004256	0.1195	pay 0.0598% / 4h	1h 57m	$11.2M	$2.2M	40x
Short	Bybit 1000RATSUSDT	0.00004252	0.2971	get 0.1486% / 4h	1h 57m	$4.3M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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

Position, each leg$Hold fordaysFee BinancebpFee BybitbpOrdersPrice spread, now −0.094%Rate

Funding earned: $372.96
Price spread: −0.094% → −0.139%: $4.51
Slippage, 4 orders: −$124.28
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $232.19
Costs to cover: 1.453%
Break-even: 2.6 days

Slippage from Binance: live order book, 13 min ago; Bybit: live order book, just now.

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 Binance live order book, 13 min ago	1.17 bp	34.9 bp −$35	270.5 bp −$2,705	doesn't fit	doesn't fit
Sell Bybit live order book, just now	3.53 bp	38.8 bp −$39	251.3 bp −$2,513	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	0.00004244	−0.282%	$2.5M	$480K	25x	as long as short
Bitget 1000RATSUSDT	+0.0514%	4h	0.00004255	−0.023%	$1.6M	$407K	25x	as long as short
BloFin 1000RATS-USDT	+0.1146%	4h	0.00004268	+0.282%	$1.0M	$10K	40x	as long as short
KuCoin 1000RATSUSDTM	+0.1170%	4h	0.00004255	−0.023%	$656K	$104K	30x	as long as short
edgeX 1000RATSUSDC	+0.1181%	4h	0.00004262	+0.152%	$34K	$295K	10x	as long as short
MEXC 1000RATS_USDT	+0.1186%	4h	0.00004256	0.000%	$789K	$157K	125x	as long as short
Binance 1000RATSUSDTlong	+0.1195%	4h	0.00004256	long leg	$11.2M	$2.2M	40x
Aster 1000RATSUSDT	+0.1946%	4h	0.00004247	−0.212%	$20K	$12K	5x	as long as short
BingX RATS-USDT	+0.2876%	4h	0.00004255	−0.023%	—	$1.3M	—	as long as short
Bybit 1000RATSUSDTshort	+0.2971%	4h	0.00004252	−0.094%	$4.3M	$1.1M	20x