Funding you earn now, next payment 04:00 UTC+0.4833%/8h= +529.3% APRnext payment +$24.17 per $10,000 · paid last 24h +0.108%
Price spread now: Bybit against Gate+0.404%7-day average +0.143% · you sell dearer than you buy
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1511.514% of the position
Funding, last 7 days+0.143%+$14 on $10k
+Price spread, last 7 days−0.208%−$21 · spread now +0.404%, 7d avg +0.143%
=Both sides work for this trade now. Funding pays +$145 a day on $10k at the current rate, and Bybit is 0.261% dearer against Gate than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.143%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.143% in total (about 7.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$24.17 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 | 0.00004211 | 0.0408 | pay 0.0204% / 4h | 3h 56m | $2.4M | $424K | 25x |
| Short | Bybit 1000RATSUSDT | 0.00004228 | 0.5241 | get 0.2621% / 4h | 3h 56m | $4.3M | $934K | 20x |
Gate RATS_USDT
Bybit 1000RATSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $1,015.01
- Price spread: +0.404% → +0.143%
- $26.11
- Slippage, 4 orders
- −$125.43
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $889.68
- Costs to cover
- 1.514%
- Break-even
- 0.9 days
Slippage from Gate: live order book, 1 min ago; Bybit: live order book, 1 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 | 13.08 bp | 35.0 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 5.93 bp | 38.9 bp −$39 | 350.0 bp −$3,500 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget 1000RATSUSDT | +0.0100% | 4h | 0.00004225 | +0.332% | $1.5M | $342K | 25x | as long as short |
| KuCoin 1000RATSUSDTM | +0.0324% | 4h | 0.00004209 | −0.047% | $628K | $81K | 30x | as long as short |
| Gate RATS_USDTlong | +0.0408% | 4h | 0.00004211 | long leg | $2.4M | $424K | 25x | |
| edgeX 1000RATSUSDC | +0.0613% | 4h | 0.00004211 | +0.006% | $33K | $292K | 10x | as long as short |
| MEXC 1000RATS_USDT | +0.0664% | 4h | 0.00004230 | +0.451% | $819K | $179K | 125x | as long as short |
| Binance 1000RATSUSDT | +0.0687% | 4h | 0.00004230 | +0.449% | $11.1M | $2.0M | 40x | as long as short |
| BloFin 1000RATS-USDT | +0.0701% | 4h | 0.00004217 | +0.142% | $1.0M | $11K | 40x | as long as short |
| Aster 1000RATSUSDT | +0.1303% | 4h | 0.00004206 | −0.129% | $20K | $15K | 5x | as long as short |
| BingX RATS-USDT | +0.1506% | 4h | 0.00004231 | +0.475% | — | $1.2M | — | as long as short |
| Bybit 1000RATSUSDTshort | +0.5241% | 4h | 0.00004228 | +0.404% | $4.3M | $934K | 20x |
Bitget 1000RATSUSDT
KuCoin 1000RATSUSDTM
edgeX 1000RATSUSDC
MEXC 1000RATS_USDT
Binance 1000RATSUSDT
BloFin 1000RATS-USDT
Aster 1000RATSUSDT
BingX RATS-USDT