RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0083%/8h= −9.0% APRnext payment −$0.41 per $10,000 · paid last 24h −0.124%

Price spread now: BloFin against BingX+0.050%66s7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$174as 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−$1101.099% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.640%−$64 on $10k

Price spread, last 3 days (all we have)−0.321%−$32 · spread now +0.050%, 7d avg −0.058%

Together, before fees−0.961%−$96 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.107% dearer against BingX than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of −0.058%): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.3 days. At the pace of the last 7 days (−0.640% in total) that is about 28 hours. The two prices were read 66 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	BingX RAVE-USDT	0.2018	0.0302	pay 0.0151% / 4h	2h 30m	—	$2.3M	—
Short	BloFin RAVE-USDT	0.2019	0.0219	get 0.0110% / 4h	2h 30m	$250K	$18K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$17.34
Price spread: +0.050% → −0.058%: $10.72
Slippage, 4 orders: −$87.88
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$116.5
Costs to cover: 1.099%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; BloFin: live order book, 53 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	7.44 bp	27.4 bp −$27	95.8 bp −$958	doesn't fit	doesn't fit
Sell BloFin live order book, 53 min ago	4.95 bp	27.0 bp −$27	66.8 bp −$668	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	−0.188%	$2.4M	$873K	25x	as long as short
Bitget RAVEUSDT	+0.0100%	4h	0.2023	+0.238%	$3.0M	$659K	20x	as long as short
Variational Omni RAVE	+0.0100%	4h	0.2014	−0.203%	$2K	$1K	—	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.2017	−0.050%	$1K	$651K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.2018	−0.025%	$44K	$44K	20x	as long as short
Binance RAVEUSDT	+0.0189%	4h	0.2017	−0.050%	$4.5M	$3.7M	20x	as long as short
MEXC RAVE_USDT	+0.0194%	4h	0.2018	0.000%	$2.4M	$567K	50x	as long as short
BloFin RAVE-USDTshort	+0.0219%	4h	0.2019	+0.050%	$250K	$18K	20x
OKX RAVE-USDT-SWAP	+0.0285%	4h	0.2018	0.000%	$1.6M	$2.9M	20x	as long as short
KuCoin RAVEUSDTM	+0.0288%	4h	0.2014	−0.223%	$2.2M	$7.8M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX RAVE-USDTlong	+0.0302%	4h	0.2018	long leg	—	$2.3M	—
Aster RAVEUSDT	+0.0458%	4h	0.2018	−0.019%	$26K	$41K	5x	as long as short
Gate RAVE_USDT	+0.1196%	4h	0.2016	−0.099%	$1.0M	$444K	25x	as long as short