Funding you earn now, next payment 00:00 UTC−0.0330%/8h= −36.1% APRnext payment −$1.65 per $10,000 · paid last 24h −0.092%
Price spread now: Bybit against BingX−0.243%7-day average −0.122% · you buy dearer than you sell
Net, funding: paid 7d − costs−$197as in the Funding arb table
Net, price: spread back to 7d avg − costs−$197as in the Price arb table
costs, in and out, $10k−$1851.847% of the position
Funding, last 7 days−0.125%−$13 on $10k
+Price spread, last 7 days+0.234%+$23 · spread now −0.243%, 7d avg −0.122%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Bybit is 0.121% cheaper against BingX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.122%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.125% in total (about -6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.65 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 | BingX RAVE-USDT | 0.2015 | 0.0430 | pay 0.0215% / 4h | 1h 50m | — | $2.3M | — |
| Short | Bybit RAVEUSDT | 0.2010 | 0.0100 | get 0.0050% / 4h | 1h 50m | $2.4M | $871K | 25x |
BingX RAVE-USDT
Bybit RAVEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$69.3
- Price spread: −0.243% → −0.122%
- −$12.11
- Slippage, 4 orders
- −$163.66
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$266.07
- Costs to cover
- 1.847%
- Break-even
- never at this rate
Slippage from BingX: live order book, 13 min ago; Bybit: live order book, 2 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, 13 min ago | 7.46 bp | 34.7 bp −$35 | 121.0 bp −$1,210 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 4.97 bp | 36.5 bp −$36 | 176.4 bp −$1,764 | 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 RAVEUSDTshort | +0.0100% | 4h | 0.2010 | −0.243% | $2.4M | $871K | 25x | |
| Bitget RAVEUSDT | +0.0100% | 4h | 0.2018 | +0.164% | $2.9M | $661K | 20x | as long as short |
| Variational Omni RAVE | +0.0100% | 4h | 0.2010 | −0.257% | $2K | $1K | — | as long as short |
| SunX RAVE-USDT | +0.0100% | 4h | 0.2011 | −0.199% | $1K | $659K | 20x | as long as short |
| HTX RAVE-USDT | +0.0100% | 4h | 0.2016 | +0.025% | $44K | $43K | 20x | as long as short |
| BloFin RAVE-USDT | +0.0334% | 4h | 0.2018 | +0.149% | $249K | $18K | 20x | as long as short |
| MEXC RAVE_USDT | +0.0376% | 4h | 0.2011 | −0.199% | $2.4M | $568K | 50x | as long as short |
| Binance RAVEUSDT | +0.0377% | 4h | 0.2012 | −0.149% | $4.5M | $3.7M | 20x | as long as short |
| BingX RAVE-USDTlong | +0.0430% | 4h | 0.2015 | long leg | — | $2.3M | — | |
| OKX RAVE-USDT-SWAP | +0.0444% | 4h | 0.2016 | +0.050% | $1.6M | $2.9M | 20x | as long as short |
Bitget RAVEUSDT
Variational Omni RAVE
SunX RAVE-USDT
HTX RAVE-USDT
BloFin RAVE-USDT
MEXC RAVE_USDT
Binance RAVEUSDT
OKX RAVE-USDT-SWAPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin RAVEUSDTM | +0.0530% | 4h | 0.2008 | −0.328% | $2.2M | $7.8M | 20x | as long as short |
| Aster RAVEUSDT | +0.0628% | 4h | 0.2014 | −0.044% | $25K | $43K | 5x | as long as short |
| Gate RAVE_USDT | +0.1288% | 4h | 0.2011 | −0.199% | $1.0M | $439K | 25x | as long as short |
KuCoin RAVEUSDTM
Aster RAVEUSDT
Gate RAVE_USDT