RATS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0866%/8h= +94.8% APRnext payment +$4.33 per $10,000 · paid last 24h +0.325%

Price spread now: BingX against Gate+0.120%7-day average +0.209% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1351.351% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.764%+$76 on $10k

Price spread, last 7 days+0.278%+$28 · spread now +0.120%, 7d avg +0.209%

Together, before fees+1.042%+$104 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.088% cheaper against Gate than usual: you would sell low and buy high (spread +0.120% now, against its 7-day average of +0.209%). If the spread goes back, that is −$9 on $10k: about 8 hours of funding at the current rate (+$26 a day). At the pace of the last 7 days (+0.764% in total) that is about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate RATS_USDT	0.00004157	0.0100	pay 0.0050% / 4h	3h 53m	$2.4M	$516K	25x
Short	BingX RATS-USDT	0.00004162	0.0966	get 0.0483% / 4h	3h 53m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.120%Rate

Funding earned: $181.86
Price spread: +0.120% → +0.209%: −$8.83
Slippage, 4 orders: −$110.07
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: $37.96
Costs to cover: 1.351%
Break-even: 5.5 days

Slippage from Gate: live order book, 5 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 5 min ago	9.61 bp	28.7 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	6.01 bp	37.3 bp −$37	142.6 bp −$1,426	662.7 bp −$66.3K	867.1 bp −$433.5K

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 1000RATSUSDT	+0.0100%	4h	0.00004162	+0.120%	$4.2M	$1.3M	20x	as long as short
Gate RATS_USDTlong	+0.0100%	4h	0.00004157	long leg	$2.4M	$516K	25x
Bitget 1000RATSUSDT	+0.0330%	4h	0.00004163	+0.144%	$1.5M	$455K	25x	as long as short
KuCoin 1000RATSUSDTM	+0.0706%	4h	0.00004154	−0.072%	$671K	$109K	30x	as long as short
BingX RATS-USDTshort	+0.0966%	4h	0.00004162	+0.120%	—	$1.3M	—
BloFin 1000RATS-USDT	+0.0987%	4h	0.00004164	+0.168%	$1.0M	$10K	40x	as long as short
edgeX 1000RATSUSDC	+0.0998%	4h	0.00004171	+0.328%	$33K	$297K	10x	as long as short
MEXC 1000RATS_USDT	+0.1028%	4h	0.00004173	+0.385%	$720K	$173K	125x	as long as short
Binance 1000RATSUSDT	+0.1028%	4h	0.00004173	+0.385%	$11.0M	$2.3M	40x	as long as short
Aster 1000RATSUSDT	+0.1144%	4h	0.00004164	+0.168%	$25K	$19K	5x	as long as short