Funding you earn now, next payment 12:00 UTC+0.1111%/8h= +121.7% APRnext payment +$5.56 per $10,000 · paid last 24h −0.056%
Price spread now: Binance against Bybit+0.191%7-day average +0.138% · you sell dearer than you buy
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$152as in the Price arb table
costs, in and out, $10k−$1571.575% of the position
Funding, last 7 days+0.301%+$30 on $10k
+Price spread, last 7 days−0.006%−$1 · spread now +0.191%, 7d avg +0.138%
=Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Binance is 0.054% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.138%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.301% in total (about 15.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.56 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 | Bybit 1000RATSUSDT | 0.00004180 | 0.0100 | pay 0.0050% / 4h | 3h 33m | $4.2M | $1.3M | 20x |
| Short | Binance 1000RATSUSDT | 0.00004188 | 0.1211 | get 0.0606% / 4h | 3h 33m | $11.0M | $2.3M | 40x |
Bybit 1000RATSUSDT
Binance 1000RATSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $233.37
- Price spread: +0.191% → +0.138%
- $5.37
- Slippage, 4 orders
- −$136.45
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $81.29
- Costs to cover
- 1.575%
- Break-even
- 4.6 days
Slippage from Bybit: 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 Bybit live order book, 4 min ago | 3.59 bp | 35.7 bp −$36 | 266.4 bp −$2,664 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 1.19 bp | 39.9 bp −$40 | 199.2 bp −$1,992 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit 1000RATSUSDTlong | +0.0100% | 4h | 0.00004180 | long leg | $4.2M | $1.3M | 20x | |
| Gate RATS_USDT | +0.0100% | 4h | 0.00004175 | −0.120% | $2.4M | $520K | 25x | as long as short |
| Bitget 1000RATSUSDT | +0.0378% | 4h | 0.00004187 | +0.167% | $1.5M | $458K | 25x | as long as short |
| KuCoin 1000RATSUSDTM | +0.0866% | 4h | 0.00004182 | +0.048% | $676K | $110K | 30x | as long as short |
| BingX RATS-USDT | +0.1150% | 4h | 0.00004182 | +0.048% | — | $1.3M | — | as long as short |
| MEXC 1000RATS_USDT | +0.1210% | 4h | 0.00004187 | +0.167% | $720K | $175K | 125x | as long as short |
| Binance 1000RATSUSDTshort | +0.1211% | 4h | 0.00004188 | +0.191% | $11.0M | $2.3M | 40x | |
| edgeX 1000RATSUSDC | +0.1220% | 4h | 0.00004184 | +0.091% | $33K | $298K | 10x | as long as short |
| BloFin 1000RATS-USDT | +0.1247% | 4h | 0.00004183 | +0.072% | $1.0M | $10K | 40x | as long as short |
| Aster 1000RATSUSDT | +0.1261% | 4h | 0.00004176 | −0.094% | $25K | $19K | 5x | as long as short |
Gate RATS_USDT
Bitget 1000RATSUSDT
KuCoin 1000RATSUSDTM
BingX RATS-USDT
MEXC 1000RATS_USDT
edgeX 1000RATSUSDC
BloFin 1000RATS-USDT
Aster 1000RATSUSDT