Funding you earn now, next payment 04:00 UTC+0.0822%/8h= +90.0% APRnext payment +$4.11 per $10,000 · paid last 24h −0.072%
Price spread now: Bybit against BloFin−0.024%7-day average −0.153% · you buy dearer than you sell
Net, funding: paid 7d − costs−$185as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1481.478% of the position
Funding, last 7 days−0.371%−$37 on $10k
+Price spread, last 3 days (all we have)−0.121%−$12 · spread now −0.024%, 7d avg −0.153%
=Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Bybit is 0.129% dearer against BloFin than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.153%. Mind the row above: over the last 7 days funding on this pair cost −0.371%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.371% in total (about -19.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.11 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 | 0.00004230 | 0.0646 | pay 0.0323% / 4h | 3h 32m | $1.0M | $11K | 40x |
| Short | Bybit 1000RATSUSDT | 0.00004229 | 0.1469 | get 0.0734% / 4h | 3h 32m | $4.3M | $945K | 20x |
BloFin 1000RATS-USDT
Bybit 1000RATSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $172.66
- Price spread: −0.024% → −0.153%
- $12.93
- Slippage, 4 orders
- −$124.83
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $37.76
- Costs to cover
- 1.478%
- Break-even
- 5.5 days
Slippage from BloFin: live order book, 4 min ago; Bybit: live order book, 5 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 | 4.73 bp | 29.7 bp −$30 | 155.4 bp −$1,554 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 3.55 bp | 46.7 bp −$47 | 325.9 bp −$3,259 | 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 | 0.00004213 | −0.402% | $2.4M | $429K | 25x | as long as short |
| Bitget 1000RATSUSDT | +0.0100% | 4h | 0.00004220 | −0.236% | $1.5M | $346K | 25x | as long as short |
| KuCoin 1000RATSUSDTM | +0.0318% | 4h | 0.00004221 | −0.213% | $639K | $84K | 30x | as long as short |
| MEXC 1000RATS_USDT | +0.0630% | 4h | 0.00004231 | +0.024% | $817K | $181K | 125x | as long as short |
| Binance 1000RATSUSDT | +0.0631% | 4h | 0.00004235 | +0.111% | $11.1M | $2.1M | 40x | as long as short |
| BloFin 1000RATS-USDTlong | +0.0646% | 4h | 0.00004230 | long leg | $1.0M | $11K | 40x | |
| edgeX 1000RATSUSDC | +0.0649% | 4h | 0.00004226 | −0.094% | $34K | $294K | 10x | as long as short |
| BingX RATS-USDT | +0.1076% | 4h | 0.00004228 | −0.047% | — | $1.2M | — | as long as short |
| Aster 1000RATSUSDT | +0.1284% | 4h | 0.00004222 | −0.200% | $20K | $15K | 5x | as long as short |
| Bybit 1000RATSUSDTshort | +0.1469% | 4h | 0.00004229 | −0.024% | $4.3M | $945K | 20x |
Gate RATS_USDT
Bitget 1000RATSUSDT
KuCoin 1000RATSUSDTM
MEXC 1000RATS_USDT
Binance 1000RATSUSDT
edgeX 1000RATSUSDC
BingX RATS-USDT
Aster 1000RATSUSDT