Funding you earn now, next payment 04:00 UTC−0.0066%/8h= −7.3% APRnext payment −$0.33 per $10,000 · paid last 24h −0.078%
Price spread now: Binance against BingX−0.100%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$195as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1321.317% of the position
Funding, last 7 days−0.629%−$63 on $10k
+Price spread, last 7 days+0.172%+$17 · spread now −0.100%, 7d avg −0.009%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.091% cheaper against BingX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.009%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX RAVE-USDT | 0.2002 | 0.0736 | pay 0.0368% / 4h | 2h 30m | — | $2.3M | — |
| Short | Binance RAVEUSDT | 0.2000 | 0.0670 | get 0.0335% / 4h | 2h 30m | $4.5M | $3.9M | 20x |
BingX RAVE-USDT
Binance RAVEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$13.93
- Price spread: −0.100% → −0.009%
- −$9.12
- Slippage, 4 orders
- −$111.71
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$154.77
- Costs to cover
- 1.317%
- Break-even
- never at this rate
Slippage from BingX: live order book, 9 min ago; Binance: live order book, 7 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 BingX live order book, 9 min ago | 7.49 bp | 30.5 bp −$30 | 127.3 bp −$1,273 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 2.49 bp | 35.9 bp −$36 | 195.1 bp −$1,951 | doesn't fit | doesn't fit |
RAVE on 12 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 | 0.2005 | +0.140% | $2.9M | $791K | 20x | as long as short |
| Variational Omni RAVE | +0.0100% | 4h | 0.1996 | −0.290% | $2K | $1K | — | as long as short |
| SunX RAVE-USDT | +0.0100% | 4h | 0.2001 | −0.075% | $1K | $753K | 20x | as long as short |
| HTX RAVE-USDT | +0.0100% | 4h | 0.1991 | −0.564% | $44K | $36K | 20x | as long as short |
| Binance RAVEUSDTshort | +0.0670% | 4h | 0.2000 | −0.100% | $4.5M | $3.9M | 20x | |
| MEXC RAVE_USDT | +0.0676% | 4h | 0.1999 | −0.150% | $2.3M | $555K | 50x | as long as short |
| Bybit RAVEUSDT | +0.0699% | 4h | 0.1997 | −0.265% | $2.4M | $935K | 25x | as long as short |
| OKX RAVE-USDT-SWAP | +0.0727% | 4h | 0.2002 | 0.000% | $1.6M | $3.1M | 20x | as long as short |
| BingX RAVE-USDTlong | +0.0736% | 4h | 0.2002 | long leg | — | $2.3M | — | |
| Aster RAVEUSDT | +0.1010% | 4h | 0.1998 | −0.200% | $26K | $45K | 5x | as long as short |
Bitget RAVEUSDT
Variational Omni RAVE
SunX RAVE-USDT
HTX RAVE-USDT
MEXC RAVE_USDT
Bybit RAVEUSDT
OKX RAVE-USDT-SWAP
Aster RAVEUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin RAVEUSDTM | +0.1122% | 4h | 0.1995 | −0.345% | $2.2M | $8.1M | 20x | as long as short |
| Gate RAVE_USDT | +0.1310% | 4h | 0.1995 | −0.350% | $1.0M | $498K | 25x | as long as short |
KuCoin RAVEUSDTM
Gate RAVE_USDT