Settings8H · net · $10k
Funding arb · Price arb /

RATS

all RATS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0042%/8h= −4.6% APRnext payment $0.21 per $10,000 · paid last 24h +0.079%
Price spread now: BingX against edgeX−0.357%7-day average −0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$153as in the Price arb table
costs, in and out, $10k−$1281.275% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.141%+$14 on $10k
Price spread, last 4 days (all we have)+0.136%+$14 · spread now −0.357%, 7d avg −0.103%
Together, before fees+0.277%+ Points / potential airdropedgeX: Active · farm board+$28 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.254% cheaper against edgeX than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.103%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.141%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX 1000RATSUSDC0.000042450.1264pay 0.0632% / 4h2h 59m$34K$299K10x
ShortBingX RATS-USDT0.000042300.1222get 0.0611% / 4h2h 59m$1.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against edgeX. 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

Funding earned
−$8.75
Price spread: −0.357% → −0.103%
−$25.38
Slippage, 4 orders
−$108.51
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$161.64
Costs to cover
1.275%
Break-even
never at this rate
Slippage from edgeX: live order book, 34 min ago; BingX: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 34 min ago7.17 bp25.2 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 7 min ago8.23 bp40.0 bp −$40145.6 bp −$1,456682.0 bp −$68.2K877.0 bp −$438.5K

RATS on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate RATS_USDT+0.0100%4h0.00004227−0.428%$2.5M$515K25xas long as short
Bitget 1000RATSUSDT+0.0426%4h0.00004233−0.287%$1.6M$458K25xas long as short
Bybit 1000RATSUSDT+0.0454%4h0.00004225−0.475%$4.2M$1.3M20xas long as short
KuCoin 1000RATSUSDTM+0.0922%4h0.00004230−0.357%$669K$114K30xas long as short
BingX RATS-USDTshort+0.1222%4h0.00004230−0.357%$1.3M
MEXC 1000RATS_USDT+0.1236%4h0.00004236−0.216%$728K$163K125xas long as short
Binance 1000RATSUSDT+0.1237%4h0.00004235−0.241%$11.1M$2.2M40xas long as short
edgeX 1000RATSUSDClong+0.1264%4h0.00004245long leg$34K$299K10x
BloFin 1000RATS-USDT+0.1287%4h0.00004250+0.114%$1.1M$10K40xas long as short
Aster 1000RATSUSDT+0.1310%4h0.00004230−0.346%$26K$19K5xas long as short