RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0756%/8h= −82.7% APRnext payment −$3.78 per $10,000 · paid last 24h −0.152%

Price spread now: SunX against Binance−0.025%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$333as in the Funding arb table

Net, price: spread back to 7d avg − costs−$284as in the Price arb table

costs, in and out, $10k−$2842.835% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.495%−$50 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.025%, 7d avg −0.021%

Together, before fees−0.497%−$50 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: −$23 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.495% in total (about -25.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.78 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	0.2027	0.0856	pay 0.0428% / 4h	3h 30m	$4.5M	$3.8M	20x
Short	SunX RAVE-USDT	0.2026	0.0100	get 0.0050% / 4h	3h 30m	$985	$800K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$158.7
Price spread: −0.025% → −0.021%: −$0.36
Slippage, 4 orders: −$265.54
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$442.59
Costs to cover: 2.835%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; SunX: live order book, 51 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, 6 min ago	2.48 bp	39.2 bp −$39	325.3 bp −$3,253	doesn't fit	doesn't fit
Sell SunX live order book, 51 min ago	31.96 bp	90.0 bp −$90	doesn't fit	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	0.2022	−0.257%	$2.4M	$944K	25x	as long as short
Bitget RAVEUSDT	+0.0100%	4h	0.2028	+0.025%	$3.0M	$858K	20x	as long as short
SunX RAVE-USDTshort	+0.0100%	4h	0.2026	−0.025%	$985	$800K	20x
HTX RAVE-USDT	+0.0100%	4h	0.2021	−0.271%	$44K	$34K	20x	as long as short
Variational Omni RAVE	+0.0374%	4h	0.2025	−0.116%	$2K	$1K	—	as long as short
MEXC RAVE_USDT	+0.0854%	4h	0.2027	0.000%	$2.4M	$515K	50x	as long as short
Binance RAVEUSDTlong	+0.0856%	4h	0.2027	long leg	$4.5M	$3.8M	20x
BloFin RAVE-USDT	+0.0893%	4h	0.2021	−0.296%	$246K	$18K	20x	as long as short
Gate RAVE_USDT	+0.0966%	4h	0.2021	−0.296%	$1.0M	$541K	25x	as long as short
BingX RAVE-USDT	+0.1212%	4h	0.2026	−0.049%	—	$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	+0.1258%	4h	0.2028	+0.049%	$1.6M	$3.1M	20x	as long as short
KuCoin RAVEUSDTM	+0.1452%	4h	0.2020	−0.350%	$2.2M	$8.1M	20x	as long as short
Aster RAVEUSDT	+0.1522%	4h	0.2022	−0.225%	$26K	$44K	5x	as long as short