Funding you earn now, next payment 00:00 UTC+0.0874%/8h= +95.7% APRnext payment +$4.37 per $10,000 · paid last 24h −0.008%
Price spread now: Gate against BingX−0.050%7-day average −0.268% · you buy dearer than you sell
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1541.538% of the position
Funding, last 7 days+0.260%+$26 on $10k
+Price spread, last 4 days (all we have)−0.184%−$18 · spread now −0.050%, 7d avg −0.268%
=Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Gate is 0.219% dearer against BingX than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.268%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.260% in total (about 13.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.37 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 | 0.2014 | 0.0380 | pay 0.0190% / 4h | 1h 55m | — | $2.3M | — |
| Short | Gate RAVE_USDT | 0.2013 | 0.1254 | get 0.0627% / 4h | 1h 55m | $1.0M | $439K | 25x |
BingX RAVE-USDT
Gate RAVE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $183.54
- Price spread: −0.050% → −0.268%
- $21.88
- Slippage, 4 orders
- −$128.8
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $51.62
- Costs to cover
- 1.538%
- Break-even
- 5.0 days
Slippage from BingX: live order book, 9 min ago; Gate: 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, 9 min ago | 7.46 bp | 34.7 bp −$35 | 121.0 bp −$1,210 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 4.97 bp | 42.2 bp −$42 | 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 | 0.2013 | −0.045% | $2.4M | $871K | 25x | as long as short |
| Bitget RAVEUSDT | +0.0100% | 4h | 0.2025 | +0.561% | $3.0M | $661K | 20x | as long as short |
| Variational Omni RAVE | +0.0100% | 4h | 0.2011 | −0.133% | $2K | $1K | — | as long as short |
| SunX RAVE-USDT | +0.0100% | 4h | 0.2017 | +0.154% | $1K | $658K | 20x | as long as short |
| HTX RAVE-USDT | +0.0100% | 4h | 0.2013 | −0.074% | $44K | $43K | 20x | as long as short |
| Binance RAVEUSDT | +0.0332% | 4h | 0.2020 | +0.315% | $4.5M | $3.7M | 20x | as long as short |
| MEXC RAVE_USDT | +0.0332% | 4h | 0.2019 | +0.248% | $2.4M | $567K | 50x | as long as short |
| BloFin RAVE-USDT | +0.0371% | 4h | 0.2016 | +0.099% | $252K | $18K | 20x | as long as short |
| BingX RAVE-USDTlong | +0.0380% | 4h | 0.2014 | long leg | — | $2.3M | — | |
| OKX RAVE-USDT-SWAP | +0.0440% | 4h | 0.2022 | +0.397% | $1.6M | $3.0M | 20x | as long as short |
Bybit RAVEUSDT
Bitget RAVEUSDT
Variational Omni RAVE
SunX RAVE-USDT
HTX RAVE-USDT
Binance RAVEUSDT
MEXC RAVE_USDT
BloFin RAVE-USDT
OKX RAVE-USDT-SWAPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin RAVEUSDTM | +0.0510% | 4h | 0.2011 | −0.154% | $2.2M | $7.7M | 20x | as long as short |
| Aster RAVEUSDT | +0.0591% | 4h | 0.2014 | 0.000% | $25K | $43K | 5x | as long as short |
| Gate RAVE_USDTshort | +0.1254% | 4h | 0.2013 | −0.050% | $1.0M | $439K | 25x |
KuCoin RAVEUSDTM
Aster RAVEUSDT