RATS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1462%/8h= +160.1% APRnext payment +$7.31 per $10,000 · paid last 24h −0.079%

Price spread now: Bybit against Binance−0.070%7-day average −0.142% · you buy dearer than you sell

Net, funding: paid 7d − costs−$202as in the Funding arb table

Net, price: spread back to 7d avg − costs−$158as in the Price arb table

costs, in and out, $10k−$1651.653% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.367%−$37 on $10k

Price spread, last 7 days−0.112%−$11 · spread now −0.070%, 7d avg −0.142%

Together, before fees−0.480%−$48 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$44 a day on $10k at the current rate, and Bybit is 0.072% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.142%. Mind the row above: over the last 7 days funding on this pair cost −0.367%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.367% in total (about -19.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.31 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	0.00004259	0.0850	pay 0.0425% / 4h	3h 07m	$11.2M	$2.1M	40x
Short	Bybit 1000RATSUSDT	0.00004256	0.2312	get 0.1156% / 4h	3h 07m	$4.3M	$939K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.070%Rate

Funding earned: $307.02
Price spread: −0.070% → −0.142%: $7.17
Slippage, 4 orders: −$144.26
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $148.93
Costs to cover: 1.653%
Break-even: 3.6 days

Slippage from Binance: live order book, 3 min ago; Bybit: live order book, just now.

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, 3 min ago	1.17 bp	38.7 bp −$39	283.6 bp −$2,836	doesn't fit	doesn't fit
Sell Bybit live order book, just now	5.87 bp	43.2 bp −$43	277.1 bp −$2,771	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	0.00004243	−0.376%	$2.5M	$433K	25x	as long as short
Bitget 1000RATSUSDT	+0.0100%	4h	0.00004256	−0.070%	$1.5M	$360K	25x	as long as short
edgeX 1000RATSUSDC	+0.0799%	4h	0.00004261	+0.051%	$34K	$293K	10x	as long as short
KuCoin 1000RATSUSDTM	+0.0806%	4h	0.00004253	−0.141%	$644K	$84K	30x	as long as short
BloFin 1000RATS-USDT	+0.0818%	4h	0.00004259	0.000%	$1.0M	$11K	40x	as long as short
MEXC 1000RATS_USDT	+0.0832%	4h	0.00004259	0.000%	$815K	$183K	125x	as long as short
Binance 1000RATSUSDTlong	+0.0850%	4h	0.00004259	long leg	$11.2M	$2.1M	40x
Aster 1000RATSUSDT	+0.1692%	4h	0.00004247	−0.285%	$20K	$15K	5x	as long as short
BingX RATS-USDT	+0.2204%	4h	0.00004255	−0.094%	—	$1.2M	—	as long as short
Bybit 1000RATSUSDTshort	+0.2312%	4h	0.00004256	−0.070%	$4.3M	$939K	20x