RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0530%/8h= +58.0% APRnext payment +$2.65 per $10,000 · paid last 24h +0.057%

Price spread now: KuCoin against BingX−0.233%7-day average −0.147% · you buy dearer than you sell

Net, funding: paid 7d − costs−$224as in the Funding arb table

Net, price: spread back to 7d avg − costs−$257as in the Price arb table

costs, in and out, $10k−$2482.480% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.244%+$24 on $10k

Price spread, last 7 days+0.262%+$26 · spread now −0.233%, 7d avg −0.147%

Together, before fees+0.506%+$51 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.086% cheaper against BingX than usual: you would sell low and buy high (spread −0.233% now, against its 7-day average of −0.147%). If the spread goes back, that is −$9 on $10k: about 13 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.244% in total) that is about 2.5 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.244% in total (about 12.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.65 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	0.2016	0.0656	pay 0.0328% / 4h	3h 56m	—	$2.3M	—
Short	KuCoin RAVEUSDTM	0.2011	0.1186	get 0.0593% / 4h	3h 56m	$2.2M	$8.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.233%Rate

Funding earned: $111.3
Price spread: −0.233% → −0.147%: −$8.58
Slippage, 4 orders: −$225.98
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$145.26
Costs to cover: 2.480%
Break-even: 16.1 days

Slippage from BingX: live order book, 12 min ago; KuCoin: live order book, 1 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, 12 min ago	4.97 bp	27.1 bp −$27	114.2 bp −$1,142	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	6.22 bp	115.1 bp −$115	933.6 bp −$9,336	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
Bitget RAVEUSDT	+0.0100%	4h	0.2021	+0.223%	$2.9M	$674K	20x	as long as short
Variational Omni RAVE	+0.0100%	4h	0.2013	−0.162%	$2K	$1K	—	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.2013	−0.139%	$2K	$683K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.2018	+0.074%	$44K	$40K	20x	as long as short
Bybit RAVEUSDT	+0.0297%	4h	0.2012	−0.179%	$2.4M	$911K	25x	as long as short
OKX RAVE-USDT-SWAP	+0.0524%	4h	0.2018	+0.099%	$1.6M	$3.0M	20x	as long as short
BingX RAVE-USDTlong	+0.0656%	4h	0.2016	long leg	—	$2.3M	—
MEXC RAVE_USDT	+0.0688%	4h	0.2014	−0.099%	$2.4M	$547K	50x	as long as short
Binance RAVEUSDT	+0.0689%	4h	0.2015	−0.027%	$4.5M	$3.7M	20x	as long as short
BloFin RAVE-USDT	+0.0724%	4h	0.2013	−0.149%	$245K	$18K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster RAVEUSDT	+0.0864%	4h	0.2012	−0.198%	$25K	$43K	5x	as long as short
KuCoin RAVEUSDTMshort	+0.1186%	4h	0.2011	−0.233%	$2.2M	$8.0M	20x
Gate RAVE_USDT	+0.1408%	4h	0.2011	−0.248%	$1.0M	$446K	25x	as long as short