RATS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0691%/8h= +75.7% APRnext payment +$3.46 per $10,000 · paid last 24h +0.225%

Price spread now: BloFin against Bitget−0.048%75s7-day average +0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as 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−$1271.269% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.452%+$45 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.048%, 7d avg +0.086%

Together, before fees+0.524%+$52 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.134% cheaper against Bitget than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.086%). If the spread goes back, that is −$13 on $10k: about 16 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.452% in total) that is about 2.1 days. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.452% in total (about 23.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.46 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	Bitget 1000RATSUSDT	0.00004176	0.0368	pay 0.0184% / 4h	3h 47m	$1.5M	$456K	25x
Short	BloFin 1000RATS-USDT	0.00004174	0.1059	get 0.0530% / 4h	3h 47m	$1.0M	$10K	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpFee BloFinbpOrdersPrice spread, now −0.048%Rate

Funding earned: $145.13
Price spread: −0.048% → +0.086%: −$13.42
Slippage, 4 orders: −$102.92
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $4.78
Costs to cover: 1.269%
Break-even: 6.8 days

Slippage from Bitget: live order book, 4 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 Bitget live order book, 4 min ago	7.19 bp	33.1 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	9.59 bp	22.8 bp −$23	108.6 bp −$1,086	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	0.00004169	−0.168%	$4.2M	$1.3M	20x	as long as short
Gate RATS_USDT	+0.0100%	4h	0.00004163	−0.311%	$2.4M	$517K	25x	as long as short
Bitget 1000RATSUSDTlong	+0.0368%	4h	0.00004176	long leg	$1.5M	$456K	25x
KuCoin 1000RATSUSDTM	+0.0752%	4h	0.00004167	−0.216%	$673K	$110K	30x	as long as short
BingX RATS-USDT	+0.0976%	4h	0.00004170	−0.144%	—	$1.3M	—	as long as short
edgeX 1000RATSUSDC	+0.1026%	4h	0.00004171	−0.119%	$33K	$297K	10x	as long as short
BloFin 1000RATS-USDTshort	+0.1059%	4h	0.00004174	−0.048%	$1.0M	$10K	40x
MEXC 1000RATS_USDT	+0.1072%	4h	0.00004175	−0.024%	$720K	$173K	125x	as long as short
Binance 1000RATSUSDT	+0.1093%	4h	0.00004178	+0.045%	$11.0M	$2.3M	40x	as long as short
Aster 1000RATSUSDT	+0.1162%	4h	0.00004164	−0.287%	$25K	$19K	5x	as long as short