Funding you earn now, next payment 04:00 UTC+0.1081%/8h= +118.4% APRnext payment +$5.41 per $10,000 · paid last 24h +0.148%
Price spread now: Bybit against Bitget−0.047%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1561.561% of the position
Funding, last 7 days+0.025%+$3 on $10k
+Price spread, last 7 days−0.154%−$15 · spread now −0.047%, 7d avg −0.069%
=Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and Bybit is 0.022% dearer against Bitget than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.069%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.025% in total (about 1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.41 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 | Bitget 1000RATSUSDT | 0.00004243 | 0.0100 | pay 0.0050% / 4h | 1h 37m | $1.5M | $379K | 25x |
| Short | Bybit 1000RATSUSDT | 0.00004241 | 0.1181 | get 0.0591% / 4h | 1h 37m | $4.3M | $942K | 20x |
Bitget 1000RATSUSDT
Bybit 1000RATSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Bitget. 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
- $227.04
- Price spread: −0.047% → −0.069%
- $2.18
- Slippage, 4 orders
- −$133.14
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $73.07
- Costs to cover
- 1.561%
- Break-even
- 4.7 days
Slippage from Bitget: live order book, 4 min ago; Bybit: live order book, 5 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 Bitget live order book, 4 min ago | 7.07 bp | 32.5 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 4.71 bp | 35.8 bp −$36 | 290.2 bp −$2,902 | 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 | 0.00004231 | −0.283% | $2.5M | $443K | 25x | as long as short |
| Bitget 1000RATSUSDTlong | +0.0100% | 4h | 0.00004243 | long leg | $1.5M | $379K | 25x | |
| edgeX 1000RATSUSDC | +0.0485% | 4h | 0.00004245 | +0.057% | $34K | $293K | 10x | as long as short |
| BloFin 1000RATS-USDT | +0.0487% | 4h | 0.00004244 | +0.024% | $1.0M | $10K | 40x | as long as short |
| MEXC 1000RATS_USDT | +0.0560% | 4h | 0.00004242 | −0.024% | $803K | $177K | 125x | as long as short |
| Binance 1000RATSUSDT | +0.0561% | 4h | 0.00004243 | −0.003% | $11.1M | $2.1M | 40x | as long as short |
| BingX RATS-USDT | +0.0869% | 4h | 0.00004237 | −0.141% | — | $1.2M | — | as long as short |
| KuCoin 1000RATSUSDTM | +0.1006% | 4h | 0.00004234 | −0.212% | $643K | $85K | 30x | as long as short |
| Bybit 1000RATSUSDTshort | +0.1181% | 4h | 0.00004241 | −0.047% | $4.3M | $942K | 20x | |
| Aster 1000RATSUSDT | +0.1791% | 4h | 0.00004236 | −0.167% | $20K | $15K | 5x | as long as short |
Gate RATS_USDT
edgeX 1000RATSUSDC
BloFin 1000RATS-USDT
MEXC 1000RATS_USDT
Binance 1000RATSUSDT
BingX RATS-USDT
KuCoin 1000RATSUSDTM
Aster 1000RATSUSDT