RATS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1506%/8h= +164.9% APRnext payment +$7.53 per $10,000 · paid last 24h −0.005%

Price spread now: Bybit against MEXC−0.212%7-day average −0.118% · you buy dearer than you sell

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1281.282% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.315%−$31 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now −0.212%, 7d avg −0.118%

Together, before fees−0.346%−$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.094% cheaper against MEXC than usual: you would sell low and buy high (spread −0.212% now, against its 7-day average of −0.118%). If the spread goes back, that is −$9 on $10k: about 5 hours of funding at the current rate (+$45 a day). Mind the row above: over the last 7 days funding on this pair cost −0.315%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.315% in total (about -16.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.53 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	MEXC 1000RATS_USDT	0.00004254	0.0880	pay 0.0440% / 4h	3h 25m	$791K	$167K	125x
Short	Bybit 1000RATSUSDT	0.00004245	0.2386	get 0.1193% / 4h	3h 25m	$4.3M	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now −0.212%Rate

Funding earned: $316.29
Price spread: −0.212% → −0.118%: −$9.35
Slippage, 4 orders: −$113.25
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $178.69
Costs to cover: 1.282%
Break-even: 3.0 days

Slippage from MEXC: live order book, 20 min ago; Bybit: live order book, 2 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 MEXC live order book, 20 min ago	2.33 bp	20.0 bp −$20	71.1 bp −$711	238.6 bp −$23.9K	428.1 bp −$214.1K
Sell Bybit live order book, 2 min ago	4.70 bp	46.8 bp −$47	276.7 bp −$2,767	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_USDT	+0.0100%	4h	0.00004237	−0.400%	$2.5M	$475K	25x	as long as short
Bitget 1000RATSUSDT	+0.0320%	4h	0.00004250	−0.094%	$1.6M	$396K	25x	as long as short
BloFin 1000RATS-USDT	+0.0833%	4h	0.00004252	−0.047%	$1.0M	$10K	40x	as long as short
edgeX 1000RATSUSDC	+0.0878%	4h	0.00004257	+0.071%	$34K	$293K	10x	as long as short
MEXC 1000RATS_USDTlong	+0.0880%	4h	0.00004254	long leg	$791K	$167K	125x
Binance 1000RATSUSDT	+0.0881%	4h	0.00004253	−0.020%	$11.2M	$2.1M	40x	as long as short
KuCoin 1000RATSUSDTM	+0.1284%	4h	0.00004245	−0.212%	$672K	$100K	30x	as long as short
Aster 1000RATSUSDT	+0.1922%	4h	0.00004245	−0.220%	$20K	$15K	5x	as long as short
Bybit 1000RATSUSDTshort	+0.2386%	4h	0.00004245	−0.212%	$4.3M	$1.0M	20x
BingX RATS-USDT	+0.2742%	4h	0.00004251	−0.071%	—	$1.3M	—	as long as short