Funding you earn now, next payment 00:00 UTC−0.0060%/8h= −6.5% APRnext payment −$0.30 per $10,000 · paid last 24h +0.007%
Price spread now: Binance against BloFin+0.059%51s7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$140as 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−$1391.393% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 3 days (all we have)−0.018%−$2 · spread now +0.059%, 7d avg −0.017%
=The price spread pays, funding is against you. Binance is 0.077% dearer against BloFin than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of −0.017%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.3 days. At the pace of the last 7 days (−0.007% in total) that is about 2 months. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin 1000RATS-USDT | 0.00004187 | 0.0563 | pay 0.0282% / 4h | 18m 27s | $1.0M | $11K | 40x |
| Short | Binance 1000RATSUSDT | 0.00004189 | 0.0503 | get 0.0252% / 4h | 18m 27s | $11.0M | $2.0M | 40x |
BloFin 1000RATS-USDT
Binance 1000RATSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$12.54
- Price spread: +0.059% → −0.017%
- $7.65
- Slippage, 4 orders
- −$117.32
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$144.21
- Costs to cover
- 1.393%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Binance: live order book, 6 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 BloFin live order book, 4 min ago | 2.38 bp | 25.8 bp −$26 | 139.2 bp −$1,392 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 2.38 bp | 45.3 bp −$45 | 217.6 bp −$2,176 | 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 | 0.00004169 | −0.430% | $2.4M | $425K | 25x | as long as short |
| KuCoin 1000RATSUSDTM | +0.0100% | 4h | 0.00004171 | −0.382% | $622K | $82K | 30x | as long as short |
| Bitget 1000RATSUSDT | +0.0100% | 4h | 0.00004178 | −0.215% | $1.5M | $339K | 25x | as long as short |
| Bybit 1000RATSUSDT | +0.0425% | 4h | 0.00004183 | −0.096% | $4.2M | $914K | 20x | as long as short |
| Binance 1000RATSUSDTshort | +0.0503% | 4h | 0.00004189 | +0.059% | $11.0M | $2.0M | 40x | |
| MEXC 1000RATS_USDT | +0.0516% | 4h | 0.00004184 | −0.072% | $817K | $181K | 125x | as long as short |
| BingX RATS-USDT | +0.0542% | 4h | 0.00004178 | −0.215% | — | $1.2M | — | as long as short |
| edgeX 1000RATSUSDC | +0.0554% | 4h | 0.00004195 | +0.193% | $33K | $293K | 10x | as long as short |
| BloFin 1000RATS-USDTlong | +0.0563% | 4h | 0.00004187 | long leg | $1.0M | $11K | 40x | |
| Aster 1000RATSUSDT | +0.1044% | 4h | 0.00004175 | −0.296% | $20K | $15K | 5x | as long as short |
Gate RATS_USDT
KuCoin 1000RATSUSDTM
Bitget 1000RATSUSDT
Bybit 1000RATSUSDT
MEXC 1000RATS_USDT
BingX RATS-USDT
edgeX 1000RATSUSDC
Aster 1000RATSUSDT