Funding you earn now, next payment 04:00 UTC−0.0980%/8h= −107.3% APRnext payment −$4.90 per $10,000 · paid last 24h −0.235%
Price spread now: Gate against BingX−0.306%7-day average −0.209% · you buy dearer than you sell
Net, funding: paid 7d − costs−$254as in the Funding arb table
Net, price: spread back to 7d avg − costs−$201as in the Price arb table
costs, in and out, $10k−$1911.912% of the position
Funding, last 7 days−0.628%−$63 on $10k
+Price spread, last 7 days−0.010%−$1 · spread now −0.306%, 7d avg −0.209%
=Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Gate is 0.098% cheaper against BingX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.209%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.628% in total (about -32.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.90 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 | 0.00004245 | 0.1080 | pay 0.0540% / 4h | 1h 34m | — | $1.3M | — |
| Short | Gate RATS_USDT | 0.00004232 | 0.0100 | get 0.0050% / 4h | 1h 34m | $2.5M | $443K | 25x |
BingX RATS-USDT
Gate RATS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$205.8
- Price spread: −0.306% → −0.209%
- −$9.77
- Slippage, 4 orders
- −$166.21
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$406.78
- Costs to cover
- 1.912%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; Gate: live order book, 3 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, 10 min ago | 5.92 bp | 38.6 bp −$39 | 213.9 bp −$2,139 | 655.2 bp −$65.5K | 816.9 bp −$408.4K |
| Sell Gate live order book, 3 min ago | 14.20 bp | 71.0 bp −$71 | 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 | 0.00004232 | −0.306% | $2.5M | $443K | 25x | |
| Bitget 1000RATSUSDT | +0.0100% | 4h | 0.00004243 | −0.047% | $1.5M | $379K | 25x | as long as short |
| MEXC 1000RATS_USDT | +0.0572% | 4h | 0.00004245 | 0.000% | $804K | $177K | 125x | as long as short |
| Binance 1000RATSUSDT | +0.0573% | 4h | 0.00004247 | +0.047% | $11.1M | $2.1M | 40x | as long as short |
| edgeX 1000RATSUSDC | +0.0577% | 4h | 0.00004243 | −0.039% | $34K | $294K | 10x | as long as short |
| BloFin 1000RATS-USDT | +0.0586% | 4h | 0.00004248 | +0.071% | $1.0M | $10K | 40x | as long as short |
| KuCoin 1000RATSUSDTM | +0.1036% | 4h | 0.00004234 | −0.259% | $643K | $85K | 30x | as long as short |
| BingX RATS-USDTlong | +0.1080% | 4h | 0.00004245 | long leg | — | $1.3M | — | |
| Bybit 1000RATSUSDT | +0.1296% | 4h | 0.00004244 | −0.024% | $4.3M | $942K | 20x | as long as short |
| Aster 1000RATSUSDT | +0.1816% | 4h | 0.00004236 | −0.224% | $20K | $15K | 5x | as long as short |
Bitget 1000RATSUSDT
MEXC 1000RATS_USDT
Binance 1000RATSUSDT
edgeX 1000RATSUSDC
BloFin 1000RATS-USDT
KuCoin 1000RATSUSDTM
Bybit 1000RATSUSDT
Aster 1000RATSUSDT