Funding you earn now, next payment 12:00 UTC−0.1172%/8h= −128.3% APRnext payment −$5.86 per $10,000 · paid last 24h −0.249%
Price spread now: Gate against Binance−0.305%7-day average −0.281% · you buy dearer than you sell
Net, funding: paid 7d − costs−$190as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1281.277% of the position
Funding, last 7 days−0.624%−$62 on $10k
+Price spread, last 7 days−0.175%−$17 · spread now −0.305%, 7d avg −0.281%
=Both sides work against this trade now: funding costs −$35 a day on $10k at the current rate, and Gate is 0.024% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.281%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.624% in total (about -32.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.86 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 | 0.00004258 | 0.1272 | pay 0.0636% / 4h | 3h 03m | $11.2M | $2.3M | 40x |
| Short | Gate RATS_USDT | 0.00004245 | 0.0100 | get 0.0050% / 4h | 3h 03m | $2.5M | $529K | 25x |
Binance 1000RATSUSDT
Gate RATS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$246.04
- Price spread: −0.305% → −0.281%
- −$2.39
- Slippage, 4 orders
- −$102.68
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$376.1
- Costs to cover
- 1.277%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; Gate: 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, 6 min ago | 1.17 bp | 38.7 bp −$39 | 287.8 bp −$2,878 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 8.23 bp | 27.5 bp −$27 | 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 | 0.00004245 | −0.305% | $2.5M | $529K | 25x | |
| Bitget 1000RATSUSDT | +0.0446% | 4h | 0.00004256 | −0.047% | $1.6M | $458K | 25x | as long as short |
| Bybit 1000RATSUSDT | +0.0667% | 4h | 0.00004249 | −0.211% | $4.2M | $1.3M | 20x | as long as short |
| KuCoin 1000RATSUSDTM | +0.0970% | 4h | 0.00004248 | −0.235% | $672K | $114K | 30x | as long as short |
| BingX RATS-USDT | +0.1202% | 4h | 0.00004250 | −0.188% | — | $1.3M | — | as long as short |
| Binance 1000RATSUSDTlong | +0.1272% | 4h | 0.00004258 | long leg | $11.2M | $2.3M | 40x | |
| BloFin 1000RATS-USDT | +0.1272% | 4h | 0.00004257 | −0.023% | $1.0M | $10K | 40x | as long as short |
| MEXC 1000RATS_USDT | +0.1274% | 4h | 0.00004256 | −0.047% | $731K | $176K | 125x | as long as short |
| edgeX 1000RATSUSDC | +0.1280% | 4h | 0.00004259 | +0.022% | $34K | $298K | 10x | as long as short |
| Aster 1000RATSUSDT | +0.1366% | 4h | 0.00004246 | −0.293% | $26K | $19K | 5x | as long as short |
Bitget 1000RATSUSDT
Bybit 1000RATSUSDT
KuCoin 1000RATSUSDTM
BingX RATS-USDT
BloFin 1000RATS-USDT
MEXC 1000RATS_USDT
edgeX 1000RATSUSDC
Aster 1000RATSUSDT