RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0483%/8h= +52.8% APRnext payment +$2.41 per $10,000 · paid last 24h +0.081%

Price spread now: OKX against Binance+0.227%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$1081.084% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 7 days−0.345%−$34 · spread now +0.227%, 7d avg +0.031%

Together, before fees−0.247%−$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and OKX is 0.196% dearer against Binance than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.031%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.098% in total (about 5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.41 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	Binance RAVEUSDT	0.1994	0.1020	pay 0.0510% / 4h	46m 46s	$4.5M	$3.8M	20x
Short	OKX RAVE-USDT-SWAP	0.1999	0.1503	get 0.0752% / 4h	46m 46s	$1.5M	$3.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.227%Rate

Funding earned: $101.36
Price spread: +0.227% → +0.031%: $19.58
Slippage, 4 orders: −$88.44
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $12.49
Costs to cover: 1.084%
Break-even: 6.1 days

Slippage from Binance: live order book, 5 min ago; OKX: 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 Binance live order book, 5 min ago	2.51 bp	33.0 bp −$33	293.8 bp −$2,938	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	2.51 bp	29.8 bp −$30	160.0 bp −$1,600	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
Bitget RAVEUSDT	+0.0100%	4h	0.1998	+0.197%	$2.9M	$793K	20x	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.1993	−0.074%	$1K	$769K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.1992	−0.109%	$44K	$35K	20x	as long as short
Variational Omni RAVE	+0.0863%	4h	0.1990	−0.242%	$2K	$1K	—	as long as short
BloFin RAVE-USDT	+0.0975%	4h	0.1993	−0.074%	$246K	$18K	20x	as long as short
MEXC RAVE_USDT	+0.1020%	4h	0.1993	−0.074%	$2.3M	$521K	50x	as long as short
Binance RAVEUSDTlong	+0.1020%	4h	0.1994	long leg	$4.5M	$3.8M	20x
Gate RAVE_USDT	+0.1342%	4h	0.1991	−0.174%	$1.0M	$510K	25x	as long as short
Bybit RAVEUSDT	+0.1409%	4h	0.1992	−0.129%	$2.4M	$934K	25x	as long as short
BingX RAVE-USDT	+0.1424%	4h	0.1998	+0.177%	—	$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-SWAPshort	+0.1503%	4h	0.1999	+0.227%	$1.5M	$3.0M	20x
Aster RAVEUSDT	+0.1617%	4h	0.1994	−0.013%	$26K	$45K	5x	as long as short
KuCoin RAVEUSDTM	+0.1828%	4h	0.1989	−0.259%	$2.2M	$8.1M	20x	as long as short