RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0278%/8h= −30.4% APRnext payment −$1.39 per $10,000 · paid last 24h −0.066%

Price spread now: Bitget against Binance+0.298%7-day average +0.201% · you sell dearer than you buy

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$1041.038% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.266%−$27 on $10k

Price spread, last 7 days−0.232%−$23 · spread now +0.298%, 7d avg +0.201%

Together, before fees−0.498%−$50 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.097% dearer against Binance than usual: you sell high and buy low (spread +0.298% now, against its 7-day average of +0.201%): +$10 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 7 days (−0.266% in total) that is about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance RAVEUSDT	0.2013	0.0378	pay 0.0189% / 4h	1h 50m	$4.5M	$3.7M	20x
Short	Bitget RAVEUSDT	0.2019	0.0100	get 0.0050% / 4h	1h 50m	$2.9M	$661K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.298%Rate

Funding earned: −$58.36
Price spread: +0.298% → +0.201%: $9.71
Slippage, 4 orders: −$81.81
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$152.46
Costs to cover: 1.038%
Break-even: never at this rate

Slippage from Binance: live order book, 17 min ago; Bitget: 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 Binance live order book, 17 min ago	4.97 bp	31.7 bp −$32	260.2 bp −$2,602	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	5.69 bp	27.1 bp −$27	273.1 bp −$2,731	doesn't fit	doesn't fit

RAVE on 13 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 RAVEUSDT	+0.0100%	4h	0.2010	−0.124%	$2.4M	$871K	25x	as long as short
Bitget RAVEUSDTshort	+0.0100%	4h	0.2019	+0.298%	$2.9M	$661K	20x
Variational Omni RAVE	+0.0100%	4h	0.2011	−0.063%	$2K	$1K	—	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.2011	−0.080%	$2K	$659K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.2016	+0.144%	$44K	$43K	20x	as long as short
BloFin RAVE-USDT	+0.0334%	4h	0.2018	+0.268%	$249K	$18K	20x	as long as short
MEXC RAVE_USDT	+0.0376%	4h	0.2012	−0.030%	$2.4M	$567K	50x	as long as short
Binance RAVEUSDTlong	+0.0378%	4h	0.2013	long leg	$4.5M	$3.7M	20x
BingX RAVE-USDT	+0.0430%	4h	0.2017	+0.219%	—	$2.3M	—	as long as short
OKX RAVE-USDT-SWAP	+0.0450%	4h	0.2015	+0.119%	$1.6M	$2.9M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin RAVEUSDTM	+0.0538%	4h	0.2009	−0.189%	$2.2M	$7.8M	20x	as long as short
Aster RAVEUSDT	+0.0628%	4h	0.2015	+0.111%	$25K	$43K	5x	as long as short
Gate RAVE_USDT	+0.1298%	4h	0.2013	+0.020%	$1.0M	$439K	25x	as long as short