Funding you earn now, next payment 12:00 UTC−0.1193%/8h= −130.6% APRnext payment −$5.97 per $10,000 · paid last 24h −0.246%
Price spread now: Gate against BloFin−0.471%7-day average −0.235% · you buy dearer than you sell
Net, funding: paid 7d − costs−$186as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1231.226% of the position
Funding, last 7 days−0.630%−$63 on $10k
+Price spread, last 4 days (all we have)+0.277%+$28 · spread now −0.471%, 7d avg −0.235%
=Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and Gate is 0.236% cheaper against BloFin than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.235%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.630% in total (about -32.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.97 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 | 0.00004247 | 0.1293 | pay 0.0647% / 4h | 2h 58m | $1.1M | $10K | 40x |
| Short | Gate RATS_USDT | 0.00004227 | 0.0100 | get 0.0050% / 4h | 2h 58m | $2.5M | $515K | 25x |
BloFin 1000RATS-USDT
Gate RATS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$250.54
- Price spread: −0.471% → −0.235%
- −$23.58
- Slippage, 4 orders
- −$95.56
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$396.68
- Costs to cover
- 1.226%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; Gate: 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, 3 min ago | 1.18 bp | 30.1 bp −$30 | 139.8 bp −$1,398 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 7.08 bp | 33.4 bp −$33 | 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 | 0.00004227 | −0.471% | $2.5M | $515K | 25x | |
| Bitget 1000RATSUSDT | +0.0426% | 4h | 0.00004234 | −0.306% | $1.6M | $458K | 25x | as long as short |
| Bybit 1000RATSUSDT | +0.0454% | 4h | 0.00004225 | −0.518% | $4.2M | $1.3M | 20x | as long as short |
| KuCoin 1000RATSUSDTM | +0.0922% | 4h | 0.00004228 | −0.447% | $669K | $114K | 30x | as long as short |
| BingX RATS-USDT | +0.1222% | 4h | 0.00004230 | −0.400% | — | $1.3M | — | as long as short |
| MEXC 1000RATS_USDT | +0.1236% | 4h | 0.00004235 | −0.283% | $727K | $163K | 125x | as long as short |
| Binance 1000RATSUSDT | +0.1237% | 4h | 0.00004236 | −0.267% | $11.1M | $2.2M | 40x | as long as short |
| edgeX 1000RATSUSDC | +0.1264% | 4h | 0.00004245 | −0.043% | $34K | $299K | 10x | as long as short |
| BloFin 1000RATS-USDTlong | +0.1293% | 4h | 0.00004247 | long leg | $1.1M | $10K | 40x | |
| Aster 1000RATSUSDT | +0.1310% | 4h | 0.00004230 | −0.389% | $26K | $19K | 5x | as long as short |
Bitget 1000RATSUSDT
Bybit 1000RATSUSDT
KuCoin 1000RATSUSDTM
BingX RATS-USDT
MEXC 1000RATS_USDT
Binance 1000RATSUSDT
edgeX 1000RATSUSDC
Aster 1000RATSUSDT