Funding you earn now, next payment 04:00 UTC−0.0640%/8h= −70.1% APRnext payment −$3.20 per $10,000 · paid last 24h −0.228%
Price spread now: Bitget against Binance−0.141%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$204as in the Funding arb table
Net, price: spread back to 7d avg − costs−$172as in the Price arb table
costs, in and out, $10k−$1651.648% of the position
Funding, last 7 days−0.394%−$39 on $10k
+Price spread, last 7 days+0.129%+$13 · spread now −0.141%, 7d avg −0.073%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Bitget is 0.068% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.073%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.394% in total (about -20.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.20 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 | Binance 1000RATSUSDT | 0.00004246 | 0.0740 | pay 0.0370% / 4h | 2h 22m | $11.1M | $2.1M | 40x |
| Short | Bitget 1000RATSUSDT | 0.00004240 | 0.0100 | get 0.0050% / 4h | 2h 22m | $1.5M | $367K | 25x |
Binance 1000RATSUSDT
Bitget 1000RATSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- −$134.46
- Price spread: −0.141% → −0.073%
- −$6.84
- Slippage, 4 orders
- −$142.77
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$306.08
- Costs to cover
- 1.648%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; Bitget: live order book, 4 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 Binance live order book, 2 min ago | 2.36 bp | 39.1 bp −$39 | 294.5 bp −$2,945 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 7.07 bp | 44.5 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
RATS on 9 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 | 0.00004226 | −0.471% | $2.5M | $440K | 25x | as long as short |
| Bitget 1000RATSUSDTshort | +0.0100% | 4h | 0.00004240 | −0.141% | $1.5M | $367K | 25x | |
| Binance 1000RATSUSDTlong | +0.0740% | 4h | 0.00004246 | long leg | $11.1M | $2.1M | 40x | |
| MEXC 1000RATS_USDT | +0.0748% | 4h | 0.00004244 | −0.047% | $805K | $183K | 125x | as long as short |
| edgeX 1000RATSUSDC | +0.0753% | 4h | 0.00004245 | −0.034% | $34K | $293K | 10x | as long as short |
| KuCoin 1000RATSUSDTM | +0.0966% | 4h | 0.00004237 | −0.212% | $646K | $85K | 30x | as long as short |
| Bybit 1000RATSUSDT | +0.1457% | 4h | 0.00004241 | −0.118% | $4.3M | $938K | 20x | as long as short |
| BingX RATS-USDT | +0.1564% | 4h | 0.00004237 | −0.212% | — | $1.2M | — | as long as short |
| Aster 1000RATSUSDT | +0.1807% | 4h | 0.00004235 | −0.271% | $20K | $15K | 5x | as long as short |
Gate RATS_USDT
MEXC 1000RATS_USDT
edgeX 1000RATSUSDC
KuCoin 1000RATSUSDTM
Bybit 1000RATSUSDT
BingX RATS-USDT
Aster 1000RATSUSDT