RATS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.1009%/8h= +110.4% APRnext payment +$5.04 per $10,000 · paid last 24h −0.059%

Price spread now: edgeX against Bybit+0.265%7-day average +0.158% · you sell dearer than you buy

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1391.392% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.300%+$30 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.265%, 7d avg +0.158%

Together, before fees+0.267%+ Points / potential airdropedgeX: Active · farm board+$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and edgeX is 0.107% dearer against Bybit than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.158%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.300% in total (about 15.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.04 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 1000RATSUSDT	0.00004172	0.0181	pay 0.0091% / 4h	1h 49m	$4.2M	$1.3M	20x
Short	edgeX 1000RATSUSDC	0.00004183	0.1190	get 0.0595% / 4h	1h 49m	$33K	$299K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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

Position, each leg$Hold fordaysFee BybitbpFee edgeXbpOrdersPrice spread, now +0.265%Rate

Funding earned: $211.79
Price spread: +0.265% → +0.158%: $10.71
Slippage, 4 orders: −$119.19
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $83.31
Costs to cover: 1.392%
Break-even: 4.2 days

Slippage from Bybit: live order book, 1 min ago; edgeX: live order book, 61 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, 1 min ago	2.39 bp	41.3 bp −$41	252.3 bp −$2,523	doesn't fit	doesn't fit
Sell edgeX live order book, 61 min ago	9.52 bp	27.1 bp −$27	doesn't fit	doesn't fit	doesn't fit

RATS on 10 exchanges

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	0.00004173	+0.024%	$2.4M	$546K	25x	as long as short
Bybit 1000RATSUSDTlong	+0.0181%	4h	0.00004172	long leg	$4.2M	$1.3M	20x
Bitget 1000RATSUSDT	+0.0580%	4h	0.00004182	+0.240%	$1.5M	$453K	25x	as long as short
KuCoin 1000RATSUSDTM	+0.1102%	4h	0.00004174	+0.048%	$666K	$112K	30x	as long as short
BingX RATS-USDT	+0.1152%	4h	0.00004177	+0.120%	—	$1.3M	—	as long as short
Binance 1000RATSUSDT	+0.1180%	4h	0.00004180	+0.192%	$11.0M	$2.2M	40x	as long as short
MEXC 1000RATS_USDT	+0.1186%	4h	0.00004183	+0.264%	$718K	$159K	125x	as long as short
edgeX 1000RATSUSDCshort	+0.1190%	4h	0.00004183	+0.265%	$33K	$299K	10x
BloFin 1000RATS-USDT	+0.1222%	4h	0.00004185	+0.312%	$1.0M	$10K	40x	as long as short
Aster 1000RATSUSDT	+0.1353%	4h	0.00004175	+0.071%	$25K	$20K	5x	as long as short