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

RARE

all RARE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0017%/8h= +1.8% APRnext payment +$0.08 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Bitget+0.197%7-day average +0.099% · you sell dearer than you buy
Net, funding: paid 7d − costs−$334as in the Funding arb table
Net, price: spread back to 7d avg − costs−$324as in the Price arb table
costs, in and out, $10k−$3343.337% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.095%−$9 · spread now +0.197%, 7d avg +0.099%
Together, before fees−0.095%−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.098% dearer against Bitget than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.099%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget RAREUSDT0.013220.0100pay 0.0050% / 4h2h 00m$234K$71K20x
ShortBybit RAREUSDT0.013250.0117get 0.0058% / 4h2h 00m$309K$87K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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
$3.53
Price spread: +0.197% → +0.099%
$9.77
Slippage, 4 orders
−$310.65
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$320.35
Costs to cover
3.337%
Break-even
641.9 days
Slippage from Bitget: live order book, 40 min ago; Bybit: live order book, 39 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 Bitget live order book, 40 min ago7.62 bp45.2 bp −$45500.7 bp −$5,007doesn't fitdoesn't fit
Sell Bybit live order book, 39 min ago6.08 bp117.4 bp −$117doesn't fitdoesn't fitdoesn't fit

RARE on 11 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
BloFin RARE-USDT+0.0065%4h0.01323+0.076%$105K$12K25xas long as short
BingX RARE-USDT+0.0070%4h0.013220.000%$1.3Mas long as short
Aster RAREUSDT+0.0100%4h0.01322+0.015%$8K$3K5xas long as short
Binance RAREUSDT+0.0100%4h0.01323+0.069%$1.6M$1.1M25xas long as short
Gate RARE_USDT+0.0100%4h0.013220.000%$49K$28K20xas long as short
MEXC RARE_USDT+0.0100%4h0.013220.000%$623K$171K100xas long as short
KuCoin RAREUSDTM+0.0100%4h0.01326+0.303%$203K$71K30xas long as short
Bitget RAREUSDTlong+0.0100%4h0.01322long leg$234K$71K20x
Variational Omni RARE+0.0100%4h0.01325+0.239%$1K$2Kas long as short
Bybit RAREUSDTshort+0.0117%4h0.01325+0.197%$309K$87K25x
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_RAREUSD+1.2348%1h0.01335+1.007%$3K$2K10xas long as short