Funding you earn now, next payment 12:00 UTC−0.0036%/8h= −4.0% APRnext payment −$0.18 per $10,000 · paid last 24h −0.003%
Price spread now: BloFin against Binance+0.211%71s7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$132as 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−$1331.330% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)−0.283%−$28 · spread now +0.211%, 7d avg +0.015%
=The price spread pays, funding is against you. BloFin is 0.195% dearer against Binance than usual: you sell high and buy low (spread +0.211% now, against its 7-day average of +0.015%): +$20 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 18 days. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance 1000RATSUSDT | 0.00004176 | 0.1184 | pay 0.0592% / 4h | 3h 29m | $11.0M | $2.3M | 40x |
| Short | BloFin 1000RATS-USDT | 0.00004185 | 0.1148 | get 0.0574% / 4h | 3h 29m | $1.0M | $10K | 40x |
Binance 1000RATSUSDT
BloFin 1000RATS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$7.62
- Price spread: +0.211% → +0.015%
- $19.54
- Slippage, 4 orders
- −$111.03
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$121.11
- Costs to cover
- 1.330%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; BloFin: live order book, 2 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, 10 min ago | 1.19 bp | 37.6 bp −$38 | 301.5 bp −$3,015 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 3.59 bp | 29.3 bp −$29 | 114.6 bp −$1,146 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit 1000RATSUSDT | +0.0100% | 4h | 0.00004174 | −0.053% | $4.2M | $1.3M | 20x | as long as short |
| Gate RATS_USDT | +0.0100% | 4h | 0.00004167 | −0.220% | $2.4M | $521K | 25x | as long as short |
| Bitget 1000RATSUSDT | +0.0358% | 4h | 0.00004178 | +0.043% | $1.5M | $457K | 25x | as long as short |
| KuCoin 1000RATSUSDTM | +0.0844% | 4h | 0.00004171 | −0.125% | $674K | $110K | 30x | as long as short |
| BloFin 1000RATS-USDTshort | +0.1148% | 4h | 0.00004185 | +0.211% | $1.0M | $10K | 40x | |
| BingX RATS-USDT | +0.1150% | 4h | 0.00004174 | −0.053% | — | $1.3M | — | as long as short |
| Binance 1000RATSUSDTlong | +0.1184% | 4h | 0.00004176 | long leg | $11.0M | $2.3M | 40x | |
| MEXC 1000RATS_USDT | +0.1200% | 4h | 0.00004177 | +0.019% | $718K | $175K | 125x | as long as short |
| edgeX 1000RATSUSDC | +0.1203% | 4h | 0.00004187 | +0.253% | $33K | $299K | 10x | as long as short |
| Aster 1000RATSUSDT | +0.1242% | 4h | 0.00004171 | −0.123% | $25K | $19K | 5x | as long as short |
Bybit 1000RATSUSDT
Gate RATS_USDT
Bitget 1000RATSUSDT
KuCoin 1000RATSUSDTM
BingX RATS-USDT
MEXC 1000RATS_USDT
edgeX 1000RATSUSDC
Aster 1000RATSUSDT