Funding you earn now, next payment 08:00 UTC−0.3489%/8h= −382.0% APRnext payment −$17.44 per $10,000 · paid last 24h −0.238%
Price spread now: Gate against Bybit−0.420%7-day average −0.143% · you buy dearer than you sell
Net, funding: paid 7d − costs−$193as in the Funding arb table
Net, price: spread back to 7d avg − costs−$194as in the Price arb table
costs, in and out, $10k−$1661.661% of the position
Funding, last 7 days−0.272%−$27 on $10k
+Price spread, last 7 days+0.224%+$22 · spread now −0.420%, 7d avg −0.143%
=Both sides work against this trade now: funding costs −$105 a day on $10k at the current rate, and Gate is 0.277% cheaper against Bybit than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of −0.143%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.272% in total (about -14.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$17.44 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 | 0.00004287 | 0.3589 | pay 0.1794% / 4h | 3h 52m | $4.3M | $984K | 20x |
| Short | Gate RATS_USDT | 0.00004269 | 0.0100 | get 0.0050% / 4h | 3h 52m | $2.5M | $451K | 25x |
Bybit 1000RATSUSDT
Gate RATS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$732.64
- Price spread: −0.420% → −0.143%
- −$27.69
- Slippage, 4 orders
- −$140.06
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$926.39
- Costs to cover
- 1.661%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Gate: 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 Bybit live order book, 5 min ago | 8.16 bp | 37.2 bp −$37 | 254.8 bp −$2,548 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 15.21 bp | 50.3 bp −$50 | 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 | 0.00004269 | −0.420% | $2.5M | $451K | 25x | |
| Bitget 1000RATSUSDT | +0.0286% | 4h | 0.00004292 | +0.117% | $1.6M | $383K | 25x | as long as short |
| BingX RATS-USDT | +0.0830% | 4h | 0.00004282 | −0.117% | — | $1.3M | — | as long as short |
| MEXC 1000RATS_USDT | +0.0868% | 4h | 0.00004287 | 0.000% | $809K | $164K | 125x | as long as short |
| Binance 1000RATSUSDT | +0.0868% | 4h | 0.00004294 | +0.163% | $11.3M | $2.1M | 40x | as long as short |
| BloFin 1000RATS-USDT | +0.0875% | 4h | 0.00004290 | +0.070% | $1.1M | $11K | 40x | as long as short |
| edgeX 1000RATSUSDC | +0.0889% | 4h | 0.00004286 | −0.029% | $34K | $294K | 10x | as long as short |
| KuCoin 1000RATSUSDTM | +0.1348% | 4h | 0.00004275 | −0.280% | $656K | $90K | 30x | as long as short |
| Aster 1000RATSUSDT | +0.1962% | 4h | 0.00004276 | −0.254% | $20K | $15K | 5x | as long as short |
| Bybit 1000RATSUSDTlong | +0.3589% | 4h | 0.00004287 | long leg | $4.3M | $984K | 20x |
Bitget 1000RATSUSDT
BingX RATS-USDT
MEXC 1000RATS_USDT
Binance 1000RATSUSDT
BloFin 1000RATS-USDT
edgeX 1000RATSUSDC
KuCoin 1000RATSUSDTM
Aster 1000RATSUSDT