RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0196%/8h= −21.5% APRnext payment −$0.98 per $10,000 · paid last 24h −0.185%

Price spread now: Bitget against BingX+0.104%7-day average +0.195% · you sell dearer than you buy

Net, funding: paid 7d − costs−$203as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1131.130% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.898%−$90 on $10k

Price spread, last 7 days+0.011%+$1 · spread now +0.104%, 7d avg +0.195%

Together, before fees−0.886%−$89 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget 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 +0.195%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX RAVE-USDT	0.2019	0.0296	pay 0.0148% / 4h	2h 39m	—	$2.3M	—
Short	Bitget RAVEUSDT	0.2021	0.0100	get 0.0050% / 4h	2h 39m	$3.0M	$659K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now +0.104%Rate

Funding earned: −$41.16
Price spread: +0.104% → +0.195%: −$9.12
Slippage, 4 orders: −$91.02
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$163.3
Costs to cover: 1.130%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Bitget: live order book, 3 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	4.96 bp	27.8 bp −$28	96.9 bp −$969	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	3.71 bp	31.5 bp −$31	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	0.2014	−0.272%	$2.4M	$873K	25x	as long as short
Bitget RAVEUSDTshort	+0.0100%	4h	0.2021	+0.104%	$3.0M	$659K	20x
Variational Omni RAVE	+0.0100%	4h	0.2013	−0.321%	$2K	$1K	—	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.2016	−0.129%	$1K	$651K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.2016	−0.124%	$44K	$44K	20x	as long as short
BloFin RAVE-USDT	+0.0134%	4h	0.2016	−0.149%	$251K	$18K	20x	as long as short
MEXC RAVE_USDT	+0.0176%	4h	0.2016	−0.149%	$2.4M	$567K	50x	as long as short
Binance RAVEUSDT	+0.0185%	4h	0.2017	−0.099%	$4.5M	$3.7M	20x	as long as short
KuCoin RAVEUSDTM	+0.0292%	4h	0.2012	−0.327%	$2.2M	$7.8M	20x	as long as short
BingX RAVE-USDTlong	+0.0296%	4h	0.2019	long leg	—	$2.3M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX RAVE-USDT-SWAP	+0.0301%	4h	0.2019	0.000%	$1.6M	$2.9M	20x	as long as short
Aster RAVEUSDT	+0.0460%	4h	0.2016	−0.149%	$26K	$41K	5x	as long as short
Gate RAVE_USDT	+0.1134%	4h	0.2013	−0.297%	$1.0M	$443K	25x	as long as short