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Funding arb · Price arb /

RAVE

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0051%/8h= +5.5% APRnext payment +$0.25 per $10,000 · paid last 24h +0.002%
Price spread now: OKX against BingX−0.149%7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$167as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1141.141% of the position
Long on BingXShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.532%−$53 on $10k
Price spread, last 7 days+0.104%+$10 · spread now −0.149%, 7d avg +0.020%
Together, before fees−0.428%−$43 on $10k · with fees, hour by hour
Funding pays, the price is against you. OKX is 0.169% cheaper against BingX than usual: you would sell low and buy high (spread −0.149% now, against its 7-day average of +0.020%). If the spread goes back, that is −$17 on $10k: about 11 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.532%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX RAVE-USDT0.20070.1192pay 0.0596% / 4h1h 39m—$2.3M—
ShortOKX RAVE-USDT-SWAP0.20040.1243get 0.0621% / 4h1h 39m$1.6M$3.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
$10.62
Price spread: −0.149% → +0.020%
−$16.95
Slippage, 4 orders
−$94.08
Fee BingX: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$120.41
Costs to cover
1.141%
Break-even
86.4 days
Slippage from BingX: live order book, 9 min ago; OKX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 9 min ago7.48 bp26.8 bp −$27146.3 bp −$1,4631152.0 bp −$115.2Kdoesn't fit
Sell OKX live order book, 2 min ago4.98 bp25.6 bp −$26133.1 bp −$1,331doesn't fitdoesn't fit

RAVE on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget RAVEUSDT+0.0100%4h0.2007−0.005%$2.9M$795K20xas long as short
SunX RAVE-USDT+0.0100%4h0.2007−0.010%$2K$761K20xas long as short
HTX RAVE-USDT+0.0100%4h0.2005−0.100%$44K$35K20xas long as short
Variational Omni RAVE+0.0519%4h0.2001−0.293%$2K$1K—as long as short
MEXC RAVE_USDT+0.0924%4h0.2003−0.199%$2.4M$545K50xas long as short
Binance RAVEUSDT+0.0925%4h0.2002−0.249%$4.5M$3.9M20xas long as short
BloFin RAVE-USDT+0.0932%4h0.2010+0.149%$246K$19K20xas long as short
Gate RAVE_USDT+0.1156%4h0.2001−0.299%$1.0M$503K25xas long as short
Bybit RAVEUSDT+0.1180%4h0.2002−0.249%$2.4M$936K25xas long as short
BingX RAVE-USDTlong+0.1192%4h0.2007long leg—$2.3M—
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX RAVE-USDT-SWAPshort+0.1243%4h0.2004−0.149%$1.6M$3.1M20x
Aster RAVEUSDT+0.1401%4h0.2004−0.149%$26K$44K5xas long as short
KuCoin RAVEUSDTM+0.1622%4h0.2000−0.364%$2.2M$8.2M20xas long as short