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

RATS

all RATS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0173%/8h= −19.0% APRnext payment $0.87 per $10,000 · paid last 24h −0.108%
Price spread now: Bitget against Bybit+0.072%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1621.620% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.015%+$1 on $10k
Price spread, last 7 days−0.011%−$1 · spread now +0.072%, 7d avg +0.069%
Together, before fees+0.004%$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.069%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit 1000RATSUSDT0.000041730.0273pay 0.0137% / 4h2h 10m$4.2M$878K20x
ShortBitget 1000RATSUSDT0.000041760.0100get 0.0050% / 4h2h 10m$1.5M$330K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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
−$36.41
Price spread: +0.072% → +0.069%
$0.3
Slippage, 4 orders
−$138.98
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$198.09
Costs to cover
1.620%
Break-even
never at this rate
Slippage from Bybit: live order book, 7 min ago; Bitget: live order book, 6 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 Bybit live order book, 7 min ago4.78 bp35.8 bp −$36271.5 bp −$2,715doesn't fitdoesn't fit
Sell Bitget live order book, 6 min ago7.18 bp36.1 bp −$36462.9 bp −$4,629doesn'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%4h0.00004164−0.216%$2.4M$415K25xas long as short
Bitget 1000RATSUSDTshort+0.0100%4h0.00004176+0.072%$1.5M$330K25x
Bybit 1000RATSUSDTlong+0.0273%4h0.00004173long leg$4.2M$878K20x
KuCoin 1000RATSUSDTM+0.0314%4h0.00004169−0.096%$626K$78K30xas long as short
BloFin 1000RATS-USDT+0.0796%4h0.00004179+0.144%$1.0M$9K40xas long as short
Binance 1000RATSUSDT+0.0797%4h0.00004181+0.183%$11.0M$2.0M40xas long as short
BingX RATS-USDT+0.0803%4h0.00004175+0.048%$1.2Mas long as short
MEXC 1000RATS_USDT+0.0808%4h0.00004178+0.120%$802K$184K125xas long as short
edgeX 1000RATSUSDC+0.0858%4h0.00004178+0.118%$33K$293K10xas long as short
Aster 1000RATSUSDT+0.1294%4h0.00004172−0.021%$19K$15K5xas long as short