RATS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0570%/8h= −62.4% APRnext payment −$2.85 per $10,000 · paid last 24h +0.144%

Price spread now: Binance against KuCoin+0.234%7-day average +0.190% · you sell dearer than you buy

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs−$183as in the Price arb table

costs, in and out, $10k−$1881.877% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.373%+$37 on $10k

Price spread, last 4 days (all we have)−0.212%−$21 · spread now +0.234%, 7d avg +0.190%

Together, before fees+0.162%+$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.044% dearer against KuCoin than usual: you sell high and buy low (spread +0.234% now, against its 7-day average of +0.190%): +$4 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 6 hours. Mind the row above: over the last 7 days funding on this pair paid +0.373%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.373% in total (about 19.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.85 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	KuCoin 1000RATSUSDTM	0.00004228	0.1054	pay 0.0527% / 4h	1h 04m	$642K	$85K	30x
Short	Binance 1000RATSUSDT	0.00004238	0.0484	get 0.0242% / 4h	1h 04m	$11.1M	$2.1M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.234%Rate

Funding earned: −$119.67
Price spread: +0.234% → +0.190%: $4.43
Slippage, 4 orders: −$165.7
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$302.94
Costs to cover: 1.877%
Break-even: never at this rate

Slippage from KuCoin: live order book, 20 min ago; Binance: live order book, 6 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 KuCoin live order book, 20 min ago	9.44 bp	52.8 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	1.18 bp	36.9 bp −$37	209.7 bp −$2,097	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	0.00004220	−0.189%	$2.4M	$447K	25x	as long as short
Bitget 1000RATSUSDT	+0.0100%	4h	0.00004236	+0.189%	$1.5M	$379K	25x	as long as short
Binance 1000RATSUSDTshort	+0.0484%	4h	0.00004238	+0.234%	$11.1M	$2.1M	40x
BloFin 1000RATS-USDT	+0.0489%	4h	0.00004239	+0.260%	$1.0M	$10K	40x	as long as short
MEXC 1000RATS_USDT	+0.0496%	4h	0.00004233	+0.118%	$804K	$180K	125x	as long as short
edgeX 1000RATSUSDC	+0.0515%	4h	0.00004235	+0.175%	$34K	$294K	10x	as long as short
KuCoin 1000RATSUSDTMlong	+0.1054%	4h	0.00004228	long leg	$642K	$85K	30x
Bybit 1000RATSUSDT	+0.1219%	4h	0.00004231	+0.071%	$4.3M	$935K	20x	as long as short
BingX RATS-USDT	+0.1234%	4h	0.00004225	−0.071%	—	$1.3M	—	as long as short
Aster 1000RATSUSDT	+0.1842%	4h	0.00004226	−0.056%	$20K	$15K	5x	as long as short