Funding you earn now, next payment 12:00 UTC−0.0075%/8h= −8.2% APRnext payment −$0.38 per $10,000 · paid last 24h +0.003%
Price spread now: Binance against BloFin−0.048%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1291.286% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.048%, 7d avg −0.018%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.029% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.018%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin 1000RATS-USDT | 0.00004185 | 0.1269 | pay 0.0635% / 4h | 1h 52m | $1.0M | $10K | 40x |
| Short | Binance 1000RATSUSDT | 0.00004183 | 0.1194 | get 0.0597% / 4h | 1h 52m | $11.0M | $2.2M | 40x |
BloFin 1000RATS-USDT
Binance 1000RATSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$15.81
- Price spread: −0.048% → −0.018%
- −$2.93
- Slippage, 4 orders
- −$106.59
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$147.33
- Costs to cover
- 1.286%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; Binance: live order book, 10 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 BloFin live order book, 3 min ago | 1.20 bp | 35.2 bp −$35 | 140.4 bp −$1,404 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 2.39 bp | 34.0 bp −$34 | 185.4 bp −$1,854 | doesn't fit | doesn't fit |
RATS on 10 exchanges
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 | 0.00004172 | −0.311% | $2.4M | $546K | 25x | as long as short |
| Bybit 1000RATSUSDT | +0.0227% | 4h | 0.00004175 | −0.239% | $4.2M | $1.3M | 20x | as long as short |
| Bitget 1000RATSUSDT | +0.0596% | 4h | 0.00004185 | 0.000% | $1.5M | $454K | 25x | as long as short |
| KuCoin 1000RATSUSDTM | +0.1100% | 4h | 0.00004175 | −0.239% | $666K | $112K | 30x | as long as short |
| BingX RATS-USDT | +0.1182% | 4h | 0.00004179 | −0.143% | — | $1.3M | — | as long as short |
| Binance 1000RATSUSDTshort | +0.1194% | 4h | 0.00004183 | −0.048% | $11.0M | $2.2M | 40x | |
| MEXC 1000RATS_USDT | +0.1200% | 4h | 0.00004182 | −0.072% | $718K | $158K | 125x | as long as short |
| edgeX 1000RATSUSDC | +0.1203% | 4h | 0.00004188 | +0.068% | $33K | $298K | 10x | as long as short |
| BloFin 1000RATS-USDTlong | +0.1269% | 4h | 0.00004185 | long leg | $1.0M | $10K | 40x | |
| Aster 1000RATSUSDT | +0.1352% | 4h | 0.00004176 | −0.215% | $25K | $20K | 5x | as long as short |
Gate RATS_USDT
Bybit 1000RATSUSDT
Bitget 1000RATSUSDT
KuCoin 1000RATSUSDTM
BingX RATS-USDT
MEXC 1000RATS_USDT
edgeX 1000RATSUSDC
Aster 1000RATSUSDT