RATS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1046%/8h= +114.5% APRnext payment +$5.23 per $10,000 · paid last 24h +0.238%

Price spread now: BloFin against Gate+0.542%93s7-day average +0.231% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1331.327% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.592%+$59 on $10k

Price spread, last 4 days (all we have)−0.343%−$34 · spread now +0.542%, 7d avg +0.231%

Together, before fees+0.249%+$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and BloFin is 0.311% dearer against Gate than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of +0.231%. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.592% in total (about 30.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.23 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	Gate RATS_USDT	0.00004245	0.0100	pay 0.0050% / 4h	1h 57m	$2.5M	$480K	25x
Short	BloFin 1000RATS-USDT	0.00004268	0.1146	get 0.0573% / 4h	1h 57m	$1.0M	$10K	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.542%Rate

Funding earned: $219.63
Price spread: +0.542% → +0.231%: $31.05
Slippage, 4 orders: −$105.72
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: $117.97
Costs to cover: 1.327%
Break-even: 3.2 days

Slippage from Gate: live order book, 5 min ago; BloFin: 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 Gate live order book, 5 min ago	12.95 bp	30.8 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	3.52 bp	35.1 bp −$35	124.6 bp −$1,246	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_USDTlong	+0.0100%	4h	0.00004245	long leg	$2.5M	$480K	25x
Bitget 1000RATSUSDT	+0.0514%	4h	0.00004258	+0.306%	$1.6M	$407K	25x	as long as short
BloFin 1000RATS-USDTshort	+0.1146%	4h	0.00004268	+0.542%	$1.0M	$10K	40x
KuCoin 1000RATSUSDTM	+0.1168%	4h	0.00004255	+0.236%	$656K	$104K	30x	as long as short
edgeX 1000RATSUSDC	+0.1181%	4h	0.00004262	+0.412%	$34K	$295K	10x	as long as short
MEXC 1000RATS_USDT	+0.1186%	4h	0.00004265	+0.471%	$790K	$157K	125x	as long as short
Binance 1000RATSUSDT	+0.1195%	4h	0.00004256	+0.259%	$11.2M	$2.2M	40x	as long as short
Aster 1000RATSUSDT	+0.1946%	4h	0.00004247	+0.046%	$20K	$12K	5x	as long as short
BingX RATS-USDT	+0.2876%	4h	0.00004261	+0.377%	—	$1.3M	—	as long as short
Bybit 1000RATSUSDT	+0.2971%	4h	0.00004256	+0.259%	$4.3M	$1.1M	20x	as long as short