RATS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0687%/8h= −75.2% APRnext payment −$3.44 per $10,000 · paid last 24h +0.141%

Price spread now: edgeX against KuCoin+0.657%113s7-day average +0.215% · you sell dearer than you buy

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1681.685% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.370%+$37 on $10k

Price spread, last 4 days (all we have)−0.415%−$42 · spread now +0.657%, 7d avg +0.215%

Together, before fees−0.045%+ Points / potential airdropedgeX: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.442% dearer against KuCoin than usual: you sell high and buy low (spread +0.657% now, against its 7-day average of +0.215%): +$44 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 2.1 days. Mind the row above: over the last 7 days funding on this pair paid +0.370%, so the current rate has only just turned against you. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.370% in total (about 19.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.44 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	0.00004251	0.1256	pay 0.0628% / 4h	35m 47s	$646K	$86K	30x
Short	edgeX 1000RATSUSDC	0.00004279	0.0569	get 0.0284% / 4h	35m 47s	$34K	$294K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.657%Rate

Funding earned: −$144.3
Price spread: +0.657% → +0.215%: $44.22
Slippage, 4 orders: −$147.5
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$268.57
Costs to cover: 1.685%
Break-even: never at this rate

Slippage from KuCoin: live order book, 48 min ago; edgeX: live order book, 22 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, 48 min ago	9.44 bp	52.8 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 22 min ago	9.46 bp	28.6 bp −$29	doesn't fit	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	0.00004258	+0.165%	$2.5M	$448K	25x	as long as short
Bitget 1000RATSUSDT	+0.0100%	4h	0.00004257	+0.141%	$1.5M	$384K	25x	as long as short
edgeX 1000RATSUSDCshort	+0.0569%	4h	0.00004279	+0.657%	$34K	$294K	10x
MEXC 1000RATS_USDT	+0.0650%	4h	0.00004263	+0.282%	$808K	$164K	125x	as long as short
Binance 1000RATSUSDT	+0.0674%	4h	0.00004267	+0.376%	$11.2M	$2.1M	40x	as long as short
BloFin 1000RATS-USDT	+0.0708%	4h	0.00004274	+0.541%	$1.0M	$10K	40x	as long as short
KuCoin 1000RATSUSDTMlong	+0.1256%	4h	0.00004251	long leg	$646K	$86K	30x
BingX RATS-USDT	+0.1476%	4h	0.00004264	+0.306%	—	$1.3M	—	as long as short
Bybit 1000RATSUSDT	+0.1637%	4h	0.00004257	+0.141%	$4.3M	$963K	20x	as long as short
Aster 1000RATSUSDT	+0.1960%	4h	0.00004261	+0.244%	$20K	$15K	5x	as long as short