RATS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0772%/8h= −84.5% APRnext payment −$3.86 per $10,000 · paid last 24h −0.014%

Price spread now: BloFin against BingX+0.331%456s7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$154as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1471.468% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 3 days (all we have)−0.291%−$29 · spread now +0.331%, 7d avg +0.100%

Together, before fees−0.364%−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.231% dearer against BingX than usual: you sell high and buy low (spread +0.331% now, against its 7-day average of +0.100%): +$23 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.073% in total) that is about 22 days. The two prices were read 456 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.073% in total (about -3.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.86 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	BingX RATS-USDT	0.00004228	0.1508	pay 0.0754% / 4h	2h 41m	—	$1.2M	—
Short	BloFin 1000RATS-USDT	0.00004242	0.0736	get 0.0368% / 4h	2h 41m	$1.0M	$11K	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now +0.331%Rate

Funding earned: −$162.1
Price spread: +0.331% → +0.100%: $23.11
Slippage, 4 orders: −$124.8
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$285.79
Costs to cover: 1.468%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; BloFin: live order book, 10 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 BingX live order book, 3 min ago	8.28 bp	34.5 bp −$34	184.3 bp −$1,843	574.1 bp −$57.4K	755.0 bp −$377.5K
Sell BloFin live order book, 10 min ago	9.44 bp	35.5 bp −$35	139.3 bp −$1,393	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	0.00004219	−0.213%	$2.4M	$437K	25x	as long as short
Bitget 1000RATSUSDT	+0.0100%	4h	0.00004230	+0.047%	$1.5M	$368K	25x	as long as short
Binance 1000RATSUSDT	+0.0727%	4h	0.00004231	+0.071%	$11.1M	$2.1M	40x	as long as short
BloFin 1000RATS-USDTshort	+0.0736%	4h	0.00004242	+0.331%	$1.0M	$11K	40x
MEXC 1000RATS_USDT	+0.0738%	4h	0.00004231	+0.071%	$810K	$181K	125x	as long as short
edgeX 1000RATSUSDC	+0.0787%	4h	0.00004235	+0.156%	$34K	$295K	10x	as long as short
KuCoin 1000RATSUSDTM	+0.0832%	4h	0.00004225	−0.071%	$640K	$84K	30x	as long as short
Bybit 1000RATSUSDT	+0.1499%	4h	0.00004231	+0.071%	$4.3M	$946K	20x	as long as short
BingX RATS-USDTlong	+0.1508%	4h	0.00004228	long leg	—	$1.2M	—
Aster 1000RATSUSDT	+0.1686%	4h	0.00004224	−0.083%	$20K	$15K	5x	as long as short