Funding you earn now, next payment 08:00 UTC−0.0636%/8h= −69.6% APRnext payment −$3.18 per $10,000 · paid last 24h −0.229%
Price spread now: Bitget against BloFin−0.187%75s7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$191as 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−$1481.480% of the position
Funding, last 7 days−0.426%−$43 on $10k
+Price spread, last 4 days (all we have)+0.217%+$22 · spread now −0.187%, 7d avg −0.088%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Bitget is 0.099% cheaper against BloFin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.088%). Swap the legs. 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 -0.426% in total (about -22.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.18 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 | BloFin 1000RATS-USDT | 0.00004268 | 0.1146 | pay 0.0573% / 4h | 1h 57m | $1.0M | $10K | 40x |
| Short | Bitget 1000RATSUSDT | 0.00004260 | 0.0510 | get 0.0255% / 4h | 1h 57m | $1.6M | $407K | 25x |
BloFin 1000RATS-USDT
Bitget 1000RATSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$133.53
- Price spread: −0.187% → −0.088%
- −$9.91
- Slippage, 4 orders
- −$124
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$291.45
- Costs to cover
- 1.480%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Bitget: 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 BloFin live order book, 4 min ago | 3.52 bp | 31.9 bp −$32 | 141.2 bp −$1,412 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 8.21 bp | 46.5 bp −$46 | 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_USDT | +0.0100% | 4h | 0.00004249 | −0.445% | $2.5M | $480K | 25x | as long as short |
| Bitget 1000RATSUSDTshort | +0.0510% | 4h | 0.00004260 | −0.187% | $1.6M | $407K | 25x | |
| BloFin 1000RATS-USDTlong | +0.1146% | 4h | 0.00004268 | long leg | $1.0M | $10K | 40x | |
| KuCoin 1000RATSUSDTM | +0.1168% | 4h | 0.00004259 | −0.211% | $657K | $104K | 30x | as long as short |
| edgeX 1000RATSUSDC | +0.1170% | 4h | 0.00004266 | −0.054% | $34K | $298K | 10x | as long as short |
| Binance 1000RATSUSDT | +0.1187% | 4h | 0.00004272 | +0.094% | $11.2M | $2.2M | 40x | as long as short |
| MEXC 1000RATS_USDT | +0.1192% | 4h | 0.00004269 | +0.023% | $791K | $157K | 125x | as long as short |
| Aster 1000RATSUSDT | +0.1939% | 4h | 0.00004249 | −0.441% | $20K | $12K | 5x | as long as short |
| BingX RATS-USDT | +0.2876% | 4h | 0.00004264 | −0.094% | — | $1.3M | — | as long as short |
| Bybit 1000RATSUSDT | +0.2961% | 4h | 0.00004262 | −0.141% | $4.3M | $1.1M | 20x | as long as short |
Gate RATS_USDT
KuCoin 1000RATSUSDTM
edgeX 1000RATSUSDC
Binance 1000RATSUSDT
MEXC 1000RATS_USDT
Aster 1000RATSUSDT
BingX RATS-USDT
Bybit 1000RATSUSDT