RATS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0806%/8h= +88.3% APRnext payment +$4.03 per $10,000 · paid last 24h −0.072%

Price spread now: Bybit against BloFin−0.330%412s7-day average −0.154% · you buy dearer than you sell

Net, funding: paid 7d − costs−$185as 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−$1481.484% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.371%−$37 on $10k

Price spread, last 3 days (all we have)+0.181%+$18 · spread now −0.330%, 7d avg −0.154%

Together, before fees−0.189%−$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.176% cheaper against BloFin than usual: you would sell low and buy high (spread −0.330% now, against its 7-day average of −0.154%). If the spread goes back, that is −$18 on $10k: about 18 hours of funding at the current rate (+$24 a day). Mind the row above: over the last 7 days funding on this pair cost −0.371%, so the current rate has only just turned in your favour. The two prices were read 412 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 -0.371% in total (about -19.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.03 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	BloFin 1000RATS-USDT	0.00004242	0.0736	pay 0.0368% / 4h	2h 42m	$1.0M	$11K	40x
Short	Bybit 1000RATSUSDT	0.00004228	0.1542	get 0.0771% / 4h	2h 42m	$4.3M	$946K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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 BloFinbpFee BybitbpOrdersPrice spread, now −0.330%Rate

Funding earned: $169.28
Price spread: −0.330% → −0.154%: −$17.64
Slippage, 4 orders: −$125.38
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $3.26
Costs to cover: 1.484%
Break-even: 6.9 days

Slippage from BloFin: live order book, 10 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 BloFin live order book, 10 min ago	9.44 bp	30.6 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	3.54 bp	41.3 bp −$41	353.2 bp −$3,532	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	−0.542%	$2.4M	$437K	25x	as long as short
Bitget 1000RATSUSDT	+0.0100%	4h	0.00004229	−0.306%	$1.5M	$368K	25x	as long as short
BloFin 1000RATS-USDTlong	+0.0736%	4h	0.00004242	long leg	$1.0M	$11K	40x
MEXC 1000RATS_USDT	+0.0738%	4h	0.00004231	−0.259%	$810K	$181K	125x	as long as short
Binance 1000RATSUSDT	+0.0739%	4h	0.00004231	−0.248%	$11.1M	$2.1M	40x	as long as short
edgeX 1000RATSUSDC	+0.0787%	4h	0.00004235	−0.175%	$34K	$295K	10x	as long as short
KuCoin 1000RATSUSDTM	+0.0838%	4h	0.00004224	−0.424%	$639K	$84K	30x	as long as short
Bybit 1000RATSUSDTshort	+0.1542%	4h	0.00004228	−0.330%	$4.3M	$946K	20x
BingX RATS-USDT	+0.1680%	4h	0.00004227	−0.354%	—	$1.2M	—	as long as short
Aster 1000RATSUSDT	+0.1692%	4h	0.00004225	−0.392%	$20K	$15K	5x	as long as short