RATS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0699%/8h= +76.6% APRnext payment +$3.50 per $10,000 · paid last 24h −0.077%

Price spread now: Bybit against edgeX+0.094%7-day average −0.148% · you sell dearer than you buy

Net, funding: paid 7d − costs−$175as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1381.380% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.366%−$37 on $10k

Price spread, last 3 days (all we have)−0.302%−$30 · spread now +0.094%, 7d avg −0.148%

Together, before fees−0.669%+ Points / potential airdropedgeX: Active · farm board−$67 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Bybit is 0.242% dearer against edgeX than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of −0.148%. Mind the row above: over the last 7 days funding on this pair cost −0.366%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.366% in total (about -19.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.50 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	edgeX 1000RATSUSDC	0.00004226	0.0649	pay 0.0324% / 4h	3h 32m	$34K	$294K	10x
Short	Bybit 1000RATSUSDT	0.00004230	0.1348	get 0.0674% / 4h	3h 32m	$4.3M	$945K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. 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 edgeXbpFee BybitbpOrdersPrice spread, now +0.094%Rate

Funding earned: $146.89
Price spread: +0.094% → −0.148%: $24.24
Slippage, 4 orders: −$118.03
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $33.1
Costs to cover: 1.380%
Break-even: 5.4 days

Slippage from edgeX: live order book, 40 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 edgeX live order book, 40 min ago	7.14 bp	24.9 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	3.55 bp	46.7 bp −$47	325.9 bp −$3,259	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	0.00004213	−0.308%	$2.4M	$429K	25x	as long as short
Bitget 1000RATSUSDT	+0.0100%	4h	0.00004220	−0.143%	$1.5M	$346K	25x	as long as short
KuCoin 1000RATSUSDTM	+0.0308%	4h	0.00004221	−0.119%	$639K	$84K	30x	as long as short
MEXC 1000RATS_USDT	+0.0628%	4h	0.00004231	+0.118%	$817K	$181K	125x	as long as short
Binance 1000RATSUSDT	+0.0631%	4h	0.00004235	+0.212%	$11.1M	$2.1M	40x	as long as short
BloFin 1000RATS-USDT	+0.0646%	4h	0.00004230	+0.094%	$1.0M	$11K	40x	as long as short
edgeX 1000RATSUSDClong	+0.0649%	4h	0.00004226	long leg	$34K	$294K	10x
BingX RATS-USDT	+0.1076%	4h	0.00004228	+0.047%	—	$1.2M	—	as long as short
Aster 1000RATSUSDT	+0.1275%	4h	0.00004221	−0.109%	$20K	$15K	5x	as long as short
Bybit 1000RATSUSDTshort	+0.1348%	4h	0.00004230	+0.094%	$4.3M	$945K	20x