Funding you earn now, next payment 08:00 UTC−0.1212%/8h= −132.7% APRnext payment −$6.06 per $10,000 · paid last 24h −0.059%
Price spread now: BloFin against BingX0.000%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$147as in the Funding arb table
Net, price: spread back to 7d avg − costs−$144as in the Price arb table
costs, in and out, $10k−$1351.348% of the position
Funding, last 7 days−0.121%−$12 on $10k
+Price spread, last 4 days (all we have)+0.024%+$2 · spread now 0.000%, 7d avg +0.097%
=Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and BloFin is 0.097% cheaper against BingX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.097%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.121% in total (about -6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.06 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 | BingX RATS-USDT | 0.00004250 | 0.2442 | pay 0.1221% / 4h | 1h 02m | — | $1.3M | — |
| Short | BloFin 1000RATS-USDT | 0.00004250 | 0.1230 | get 0.0615% / 4h | 1h 02m | $1.1M | $10K | 40x |
BingX RATS-USDT
BloFin 1000RATS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- −$254.42
- Price spread: 0.000% → +0.097%
- −$9.68
- Slippage, 4 orders
- −$112.76
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$398.86
- Costs to cover
- 1.348%
- Break-even
- never at this rate
Slippage from BingX: live order book, 12 min ago; BloFin: 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 BingX live order book, 12 min ago | 8.22 bp | 44.6 bp −$45 | 193.8 bp −$1,938 | 639.4 bp −$63.9K | 820.4 bp −$410.2K |
| Sell BloFin live order book, 4 min ago | 2.35 bp | 25.0 bp −$25 | 115.7 bp −$1,157 | 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 | 0.00004236 | −0.329% | $2.5M | $502K | 25x | as long as short |
| Bitget 1000RATSUSDT | +0.0556% | 4h | 0.00004253 | +0.071% | $1.6M | $407K | 25x | as long as short |
| KuCoin 1000RATSUSDTM | +0.0930% | 4h | 0.00004244 | −0.141% | $655K | $104K | 30x | as long as short |
| Binance 1000RATSUSDT | +0.1205% | 4h | 0.00004253 | +0.071% | $11.2M | $2.2M | 40x | as long as short |
| edgeX 1000RATSUSDC | +0.1210% | 4h | 0.00004251 | +0.030% | $34K | $297K | 10x | as long as short |
| MEXC 1000RATS_USDT | +0.1214% | 4h | 0.00004252 | +0.047% | $786K | $162K | 125x | as long as short |
| BloFin 1000RATS-USDTshort | +0.1230% | 4h | 0.00004250 | 0.000% | $1.1M | $10K | 40x | |
| Aster 1000RATSUSDT | +0.1530% | 4h | 0.00004244 | −0.131% | $26K | $20K | 5x | as long as short |
| BingX RATS-USDTlong | +0.2442% | 4h | 0.00004250 | long leg | — | $1.3M | — | |
| Bybit 1000RATSUSDT | +0.2537% | 4h | 0.00004250 | 0.000% | $4.3M | $1.1M | 20x | as long as short |
Gate RATS_USDT
Bitget 1000RATSUSDT
KuCoin 1000RATSUSDTM
Binance 1000RATSUSDT
edgeX 1000RATSUSDC
MEXC 1000RATS_USDT
Aster 1000RATSUSDT
Bybit 1000RATSUSDT