Funding you earn now, next payment 00:00 UTC−0.0281%/8h= −30.7% APRnext payment −$1.40 per $10,000 · paid last 24h −0.108%
Price spread now: Bitget against Bybit−0.048%7-day average +0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$165as in the Funding arb table
Net, price: spread back to 7d avg − costs−$178as in the Price arb table
costs, in and out, $10k−$1661.661% of the position
Funding, last 7 days+0.015%+$1 on $10k
+Price spread, last 7 days+0.109%+$11 · spread now −0.048%, 7d avg +0.069%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bitget is 0.117% cheaper against Bybit than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.069%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.015% in total (about 0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.40 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 | Bybit 1000RATSUSDT | 0.00004195 | 0.0381 | pay 0.0190% / 4h | 2h 20m | $4.3M | $870K | 20x |
| Short | Bitget 1000RATSUSDT | 0.00004193 | 0.0100 | get 0.0050% / 4h | 2h 20m | $1.5M | $330K | 25x |
Bybit 1000RATSUSDT
Bitget 1000RATSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. 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
- −$58.95
- Price spread: −0.048% → +0.069%
- −$11.66
- Slippage, 4 orders
- −$143.15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$236.75
- Costs to cover
- 1.661%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 6 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 Bybit live order book, 2 min ago | 2.38 bp | 35.0 bp −$35 | 281.5 bp −$2,815 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 6 min ago | 7.16 bp | 41.2 bp −$41 | 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 | 0.00004180 | −0.358% | $2.4M | $415K | 25x | as long as short |
| Bitget 1000RATSUSDTshort | +0.0100% | 4h | 0.00004193 | −0.048% | $1.5M | $330K | 25x | |
| KuCoin 1000RATSUSDTM | +0.0338% | 4h | 0.00004186 | −0.215% | $628K | $78K | 30x | as long as short |
| Bybit 1000RATSUSDTlong | +0.0381% | 4h | 0.00004195 | long leg | $4.3M | $870K | 20x | |
| BingX RATS-USDT | +0.0764% | 4h | 0.00004195 | 0.000% | — | $1.2M | — | as long as short |
| edgeX 1000RATSUSDC | +0.0796% | 4h | 0.00004194 | −0.019% | $33K | $292K | 10x | as long as short |
| BloFin 1000RATS-USDT | +0.0797% | 4h | 0.00004197 | +0.048% | $1.0M | $9K | 40x | as long as short |
| MEXC 1000RATS_USDT | +0.0812% | 4h | 0.00004197 | +0.048% | $806K | $183K | 125x | as long as short |
| Binance 1000RATSUSDT | +0.0828% | 4h | 0.00004199 | +0.095% | $11.0M | $2.0M | 40x | as long as short |
| Aster 1000RATSUSDT | +0.1308% | 4h | 0.00004189 | −0.143% | $19K | $14K | 5x | as long as short |
Gate RATS_USDT
KuCoin 1000RATSUSDTM
BingX RATS-USDT
edgeX 1000RATSUSDC
BloFin 1000RATS-USDT
MEXC 1000RATS_USDT
Binance 1000RATSUSDT
Aster 1000RATSUSDT