Funding you earn now, next payment 08:00 UTC−0.0574%/8h= −62.9% APRnext payment −$2.87 per $10,000 · paid last 24h −0.054%
Price spread now: MEXC against BingX+0.217%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1261.259% of the position
Funding, last 7 days−0.126%−$13 on $10k
+Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.217%, 7d avg +0.064%
=The price spread pays, funding is against you. MEXC is 0.154% dearer against BingX than usual: you sell high and buy low (spread +0.217% now, against its 7-day average of +0.064%): +$15 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.126% in total) that is about 8.5 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 −$2.87 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 | 0.00004139 | 0.1596 | pay 0.0798% / 4h | 16m 31s | — | $1.3M | — |
| Short | MEXC 1000RATS_USDT | 0.00004148 | 0.1022 | get 0.0511% / 4h | 16m 31s | $721K | $174K | 125x |
BingX RATS-USDT
MEXC 1000RATS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BingX. 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
- −$120.54
- Price spread: +0.217% → +0.064%
- $15.39
- Slippage, 4 orders
- −$111.93
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$231.08
- Costs to cover
- 1.259%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; MEXC: live order book, 14 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, 5 min ago | 7.25 bp | 33.8 bp −$34 | 164.0 bp −$1,640 | 698.0 bp −$69.8K | 854.3 bp −$427.2K |
| Sell MEXC live order book, 14 min ago | 1.20 bp | 19.4 bp −$19 | 71.7 bp −$717 | 241.9 bp −$24.2K | 447.5 bp −$223.7K |
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 | 0.00004133 | −0.145% | $2.4M | $524K | 25x | as long as short |
| Bitget 1000RATSUSDT | +0.0382% | 4h | 0.00004148 | +0.217% | $1.5M | $449K | 25x | as long as short |
| KuCoin 1000RATSUSDTM | +0.0754% | 4h | 0.00004139 | 0.000% | $661K | $109K | 30x | as long as short |
| BloFin 1000RATS-USDT | +0.1008% | 4h | 0.00004149 | +0.242% | $1.0M | $10K | 40x | as long as short |
| MEXC 1000RATS_USDTshort | +0.1022% | 4h | 0.00004148 | +0.217% | $721K | $174K | 125x | |
| edgeX 1000RATSUSDC | +0.1027% | 4h | 0.00004150 | +0.258% | $33K | $298K | 10x | as long as short |
| Binance 1000RATSUSDT | +0.1036% | 4h | 0.00004141 | +0.048% | $10.9M | $2.2M | 40x | as long as short |
| Aster 1000RATSUSDT | +0.1198% | 4h | 0.00004146 | +0.161% | $25K | $19K | 5x | as long as short |
| BingX RATS-USDTlong | +0.1596% | 4h | 0.00004139 | long leg | — | $1.3M | — | |
| Bybit 1000RATSUSDT | +0.1717% | 4h | 0.00004131 | −0.193% | $4.1M | $1.3M | 20x | as long as short |
Gate RATS_USDT
Bitget 1000RATSUSDT
KuCoin 1000RATSUSDTM
BloFin 1000RATS-USDT
edgeX 1000RATSUSDC
Binance 1000RATSUSDT
Aster 1000RATSUSDT
Bybit 1000RATSUSDT