Funding you earn now, next payment 08:00 UTC−0.0990%/8h= −108.4% APRnext payment −$4.95 per $10,000 · paid last 24h −0.139%
Price spread now: Gate against KuCoin−0.259%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$206as in the Funding arb table
Net, price: spread back to 7d avg − costs−$206as in the Price arb table
costs, in and out, $10k−$1821.824% of the position
Funding, last 7 days−0.233%−$23 on $10k
+Price spread, last 4 days (all we have)+0.229%+$23 · spread now −0.259%, 7d avg −0.022%
=Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Gate is 0.237% cheaper against KuCoin than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.022%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.233% in total (about -12.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.95 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 | 0.1090 | pay 0.0545% / 4h | 2h 07m | $656K | $104K | 30x |
| Short | Gate RATS_USDT | 0.00004240 | 0.0100 | get 0.0050% / 4h | 2h 07m | $2.5M | $482K | 25x |
KuCoin 1000RATSUSDTM
Gate RATS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against KuCoin. 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
- −$207.9
- Price spread: −0.259% → −0.022%
- −$23.68
- Slippage, 4 orders
- −$155.36
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$413.94
- Costs to cover
- 1.824%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 52 min ago; Gate: 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 KuCoin live order book, 52 min ago | 10.64 bp | 42.8 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 12.97 bp | 44.6 bp −$45 | 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_USDTshort | +0.0100% | 4h | 0.00004240 | −0.259% | $2.5M | $482K | 25x | |
| Bitget 1000RATSUSDT | +0.0492% | 4h | 0.00004256 | +0.118% | $1.6M | $407K | 25x | as long as short |
| edgeX 1000RATSUSDC | +0.0953% | 4h | 0.00004250 | −0.016% | $34K | $296K | 10x | as long as short |
| MEXC 1000RATS_USDT | +0.1044% | 4h | 0.00004258 | +0.165% | $789K | $165K | 125x | as long as short |
| Binance 1000RATSUSDT | +0.1082% | 4h | 0.00004259 | +0.198% | $11.2M | $2.2M | 40x | as long as short |
| KuCoin 1000RATSUSDTMlong | +0.1090% | 4h | 0.00004251 | long leg | $656K | $104K | 30x | |
| BloFin 1000RATS-USDT | +0.1137% | 4h | 0.00004259 | +0.188% | $1.0M | $10K | 40x | as long as short |
| Aster 1000RATSUSDT | +0.1823% | 4h | 0.00004234 | −0.397% | $20K | $12K | 5x | as long as short |
| BingX RATS-USDT | +0.2710% | 4h | 0.00004255 | +0.094% | — | $1.3M | — | as long as short |
| Bybit 1000RATSUSDT | +0.2895% | 4h | 0.00004255 | +0.094% | $4.3M | $1.1M | 20x | as long as short |
Bitget 1000RATSUSDT
edgeX 1000RATSUSDC
MEXC 1000RATS_USDT
Binance 1000RATSUSDT
BloFin 1000RATS-USDT
Aster 1000RATSUSDT
BingX RATS-USDT
Bybit 1000RATSUSDT