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

RATS

all RATS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC+0.0664%/8hnext payment +$3.32 per $10,000 · paid last 24h +0.244%
Price spread now: BingX against Gate+0.361%7-day average +0.112% · you sell dearer than you buy
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$1921.918% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.554%+$55 on $10k
Price spread, last 3 days (all we have)−0.256%−$26 · spread now +0.361%, 7d avg +0.112%
Together, before fees+0.297%+$30 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and BingX is 0.249% dearer against Gate than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.112%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate RATS_USDT0.000041500.0100pay 0.0050% / 4h6m 40s$2.4M$419K25x
ShortBingX RATS-USDT0.000041650.0764get 0.0382% / 4h6m 40s$1.2M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$139.44
Price spread: +0.361% → +0.112%
$24.9
Slippage, 4 orders
−$166.81
Fee Gate: 7.5 bp × 2 orders
−$15
Fee BingX: 5 bp × 2 orders
−$10
Net
−$27.47
Costs to cover
1.918%
Break-even
8.4 days
Slippage from Gate: live order book, 1 min ago; BingX: live order book, 12 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 Gate live order book, 1 min ago4.82 bp33.3 bp −$33doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 12 min ago1.20 bp24.2 bp −$24129.0 bp −$1,290648.6 bp −$64.9K846.4 bp −$423.2K

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_USDTlong+0.0100%4h0.00004150long leg$2.4M$419K25x
Bitget 1000RATSUSDT+0.0100%4h0.00004165+0.361%$1.5M$328K25xas long as short
Bybit 1000RATSUSDT+0.0101%4h0.00004166+0.386%$4.2M$913K20xas long as short
KuCoin 1000RATSUSDTM+0.0400%4h0.00004162+0.289%$620K$79K30xas long as short
BingX RATS-USDTshort+0.0764%4h0.00004165+0.361%$1.2M
edgeX 1000RATSUSDC+0.0797%4h0.00004166+0.394%$33K$291K10xas long as short
BloFin 1000RATS-USDT+0.0800%4h0.00004168+0.434%$1.0M$6K40xas long as short
MEXC 1000RATS_USDT+0.0820%4h0.00004167+0.410%$809K$182K125xas long as short
Binance 1000RATSUSDT+0.0838%4h0.00004167+0.410%$10.9M$2.0M40xas long as short
Aster 1000RATSUSDT+0.1357%4h0.00004156+0.145%$19K$14K5xas long as short