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

RATS

all RATS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Gate+0.425%7-day average +0.211% · you sell dearer than you buy
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1581.579% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.158%+$16 on $10k
Price spread, last 7 days−0.046%−$5 · spread now +0.425%, 7d avg +0.211%
Together, before fees+0.112%+$11 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.215% dearer against Gate than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.211%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate RATS_USDT0.000042320.0100pay 0.0050% / 4h45m 09s$2.5M$444K25x
ShortBitget 1000RATSUSDT0.000042500.0100get 0.0050% / 4h45m 09s$1.5M$382K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
$0
Price spread: +0.425% → +0.211%
$21.47
Slippage, 4 orders
−$130.93
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$136.46
Costs to cover
1.579%
Break-even
never at this rate
Slippage from Gate: live order book, 3 min ago; Bitget: live order book, 1 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, 3 min ago11.83 bp44.8 bp −$45doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago5.88 bp39.9 bp −$40doesn't fitdoesn'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_USDTlong+0.0100%4h0.00004232long leg$2.5M$444K25x
Bitget 1000RATSUSDTshort+0.0100%4h0.00004250+0.425%$1.5M$382K25x
MEXC 1000RATS_USDT+0.0456%4h0.00004250+0.425%$806K$163K125xas long as short
edgeX 1000RATSUSDC+0.0462%4h0.00004248+0.372%$34K$295K10xas long as short
Binance 1000RATSUSDT+0.0483%4h0.00004253+0.496%$11.2M$2.1M40xas long as short
BloFin 1000RATS-USDT+0.0490%4h0.00004253+0.496%$1.0M$10K40xas long as short
KuCoin 1000RATSUSDTM+0.1032%4h0.00004235+0.071%$643K$85K30xas long as short
BingX RATS-USDT+0.1128%4h0.00004245+0.307%$1.3Mas long as short
Bybit 1000RATSUSDT+0.1344%4h0.00004250+0.425%$4.3M$938K20xas long as short
Aster 1000RATSUSDT+0.1787%4h0.00004237+0.122%$20K$15K5xas long as short