RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.7% APRnext payment −$0.12 per $10,000 · paid last 24h −0.009%

Price spread now: BloFin against Binance+0.497%61s7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as 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−$1071.067% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)−0.641%−$64 · spread now +0.497%, 7d avg +0.007%

Together, before fees−0.657%−$66 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.490% dearer against Binance than usual: you sell high and buy low (spread +0.497% now, against its 7-day average of +0.007%): +$49 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2 months. At the pace of the last 7 days (−0.016% in total) that is about 7 months. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance RAVEUSDT	0.2011	0.0911	pay 0.0456% / 4h	3h 56m	$4.5M	$3.9M	20x
Short	BloFin RAVE-USDT	0.2021	0.0887	get 0.0443% / 4h	3h 56m	$246K	$19K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.497%Rate

Funding earned: −$5.14
Price spread: +0.497% → +0.007%: $49.02
Slippage, 4 orders: −$84.69
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$62.82
Costs to cover: 1.067%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; BloFin: live order book, 35 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, 11 min ago	2.48 bp	34.6 bp −$35	306.7 bp −$3,067	doesn't fit	doesn't fit
Sell BloFin live order book, 35 min ago	2.50 bp	25.0 bp −$25	103.5 bp −$1,035	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	−0.040%	$2.4M	$945K	25x	as long as short
Bitget RAVEUSDT	+0.0100%	4h	0.2015	+0.189%	$2.9M	$834K	20x	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.2012	+0.050%	$1K	$796K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.2013	+0.085%	$44K	$34K	20x	as long as short
Gate RAVE_USDT	+0.0132%	4h	0.2009	−0.099%	$1.0M	$518K	25x	as long as short
Variational Omni RAVE	+0.0689%	4h	0.2020	+0.455%	$2K	$1K	—	as long as short
BloFin RAVE-USDTshort	+0.0887%	4h	0.2021	+0.497%	$246K	$19K	20x
Binance RAVEUSDTlong	+0.0911%	4h	0.2011	long leg	$4.5M	$3.9M	20x
MEXC RAVE_USDT	+0.0912%	4h	0.2012	+0.050%	$2.4M	$511K	50x	as long as short
BingX RAVE-USDT	+0.1319%	4h	0.2013	+0.099%	—	$2.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX RAVE-USDT-SWAP	+0.1364%	4h	0.2014	+0.149%	$1.6M	$3.1M	20x	as long as short
Aster RAVEUSDT	+0.1599%	4h	0.2012	+0.072%	$25K	$45K	5x	as long as short
KuCoin RAVEUSDTM	+0.1626%	4h	0.2008	−0.129%	$2.2M	$8.1M	20x	as long as short