RATS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.1057%/8h= +115.8% APRnext payment +$5.29 per $10,000 · paid last 24h −0.059%

Price spread now: edgeX against Bybit−0.302%7-day average +0.156% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$1331.333% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.300%+$30 on $10k

Price spread, last 4 days (all we have)+0.645%+$65 · spread now −0.302%, 7d avg +0.156%

Together, before fees+0.945%+ Points / potential airdropedgeX: Active · farm board+$94 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.458% cheaper against Bybit than usual: you would sell low and buy high (spread −0.302% now, against its 7-day average of +0.156%). If the spread goes back, that is −$46 on $10k: about 35 hours of funding at the current rate (+$32 a day). At the pace of the last 7 days (+0.300% in total) that is about 11 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.300% in total (about 15.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.29 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	0.00004198	0.0100	pay 0.0050% / 4h	3h 25m	$4.2M	$1.3M	20x
Short	edgeX 1000RATSUSDC	0.00004185	0.1157	get 0.0579% / 4h	3h 25m	$33K	$297K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee edgeXbpOrdersPrice spread, now −0.302%Rate

Funding earned: $222
Price spread: −0.302% → +0.156%: −$45.82
Slippage, 4 orders: −$113.25
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $42.93
Costs to cover: 1.333%
Break-even: 5.6 days

Slippage from Bybit: live order book, 2 min ago; edgeX: live order book, 8 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	5.98 bp	35.3 bp −$35	267.7 bp −$2,677	doesn't fit	doesn't fit
Sell edgeX live order book, 8 min ago	7.17 bp	24.7 bp −$25	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
Bybit 1000RATSUSDTlong	+0.0100%	4h	0.00004198	long leg	$4.2M	$1.3M	20x
Gate RATS_USDT	+0.0100%	4h	0.00004188	−0.238%	$2.4M	$521K	25x	as long as short
Bitget 1000RATSUSDT	+0.0328%	4h	0.00004201	+0.071%	$1.5M	$459K	25x	as long as short
KuCoin 1000RATSUSDTM	+0.0804%	4h	0.00004195	−0.071%	$678K	$110K	30x	as long as short
Binance 1000RATSUSDT	+0.1140%	4h	0.00004200	+0.047%	$11.0M	$2.3M	40x	as long as short
MEXC 1000RATS_USDT	+0.1152%	4h	0.00004198	0.000%	$721K	$175K	125x	as long as short
edgeX 1000RATSUSDCshort	+0.1157%	4h	0.00004185	−0.302%	$33K	$297K	10x
BingX RATS-USDT	+0.1160%	4h	0.00004201	+0.071%	—	$1.3M	—	as long as short
BloFin 1000RATS-USDT	+0.1175%	4h	0.00004179	−0.453%	$1.0M	$10K	40x	as long as short
Aster 1000RATSUSDT	+0.1201%	4h	0.00004186	−0.296%	$25K	$19K	5x	as long as short