RATS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0870%/8h= +95.2% APRnext payment +$4.35 per $10,000 · paid last 24h +0.244%

Price spread now: Binance against Gate+0.575%7-day average +0.283% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1451.452% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.589%+$59 on $10k

Price spread, last 7 days−0.147%−$15 · spread now +0.575%, 7d avg +0.283%

Together, before fees+0.442%+$44 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Binance is 0.292% dearer against Gate than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.283%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.589% in total (about 30.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.35 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	Gate RATS_USDT	0.00004225	0.0100	pay 0.0050% / 4h	2h 12m	$2.4M	$481K	25x
Short	Binance 1000RATSUSDT	0.00004249	0.0970	get 0.0485% / 4h	2h 12m	$11.1M	$2.2M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.575%Rate

Funding earned: $182.62
Price spread: +0.575% → +0.283%: $29.23
Slippage, 4 orders: −$120.22
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: $66.62
Costs to cover: 1.452%
Break-even: 4.4 days

Slippage from Gate: live order book, 1 min ago; Binance: live order book, 13 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 Gate live order book, 1 min ago	13.01 bp	34.3 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	3.54 bp	39.7 bp −$40	212.7 bp −$2,127	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_USDTlong	+0.0100%	4h	0.00004225	long leg	$2.4M	$481K	25x
Bitget 1000RATSUSDT	+0.0432%	4h	0.00004244	+0.450%	$1.6M	$407K	25x	as long as short
BloFin 1000RATS-USDT	+0.0904%	4h	0.00004250	+0.592%	$1.0M	$10K	40x	as long as short
edgeX 1000RATSUSDC	+0.0921%	4h	0.00004243	+0.428%	$34K	$298K	10x	as long as short
MEXC 1000RATS_USDT	+0.0954%	4h	0.00004245	+0.473%	$787K	$165K	125x	as long as short
Binance 1000RATSUSDTshort	+0.0970%	4h	0.00004249	+0.575%	$11.1M	$2.2M	40x
KuCoin 1000RATSUSDTM	+0.1004%	4h	0.00004239	+0.331%	$654K	$104K	30x	as long as short
Aster 1000RATSUSDT	+0.1735%	4h	0.00004233	+0.189%	$20K	$12K	5x	as long as short
BingX RATS-USDT	+0.2542%	4h	0.00004246	+0.497%	—	$1.3M	—	as long as short
Bybit 1000RATSUSDT	+0.2723%	4h	0.00004246	+0.497%	$4.3M	$1.1M	20x	as long as short