Settings8H · net · $10k
Funding arb · Price arb /

RATS

all RATS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0094%/8h= −10.3% APRnext payment $0.47 per $10,000 · paid last 24h +0.006%
Price spread now: edgeX against BloFin−0.088%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1211.208% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.005%$0 on $10k
Price spread, last 3 days (all we have)+0.088%+$9 · spread now −0.088%, 7d avg −0.010%
Together, before fees+0.083%+ Points / potential airdropedgeX: Active · farm board+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and edgeX is 0.078% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.010%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin 1000RATS-USDT0.000042340.0773pay 0.0387% / 4h3h 48m$1.0M$11K40x
ShortedgeX 1000RATSUSDC0.000042300.0679get 0.0339% / 4h3h 48m$34K$293K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
−$19.84
Price spread: −0.088% → −0.010%
−$7.82
Slippage, 4 orders
−$99.85
Fee BloFin: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$148.5
Costs to cover
1.208%
Break-even
never at this rate
Slippage from BloFin: live order book, 3 min ago; edgeX: live order book, 24 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 3 min ago8.27 bp35.9 bp −$36160.5 bp −$1,605doesn't fitdoesn't fit
Sell edgeX live order book, 24 min ago7.14 bp24.8 bp −$25doesn't fitdoesn't fitdoesn't fit

RATS on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate RATS_USDT+0.0100%4h0.00004222−0.283%$2.4M$427K25xas long as short
Bitget 1000RATSUSDT+0.0100%4h0.00004226−0.189%$1.5M$345K25xas long as short
KuCoin 1000RATSUSDTM+0.0340%4h0.00004225−0.213%$631K$82K30xas long as short
edgeX 1000RATSUSDCshort+0.0679%4h0.00004230−0.088%$34K$293K10x
Binance 1000RATSUSDT+0.0700%4h0.00004232−0.047%$11.1M$2.0M40xas long as short
MEXC 1000RATS_USDT+0.0714%4h0.00004232−0.047%$819K$180K125xas long as short
BloFin 1000RATS-USDTlong+0.0773%4h0.00004234long leg$1.0M$11K40x
Aster 1000RATSUSDT+0.1354%4h0.00004227−0.172%$20K$15K5xas long as short
Bybit 1000RATSUSDT+0.1950%4h0.00004230−0.094%$4.3M$941K20xas long as short
BingX RATS-USDT+0.3094%4h0.00004228−0.142%$1.2Mas long as short