Funding you earn now, next payment 08:00 UTC−0.0482%/8h= −52.8% APRnext payment −$2.41 per $10,000 · paid last 24h −0.249%
Price spread now: SunX against BingX−0.586%55s7-day average −0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$421as 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−$3063.060% of the position
Funding, last 7 days−1.145%−$115 on $10k
+Price spread, last 4 days (all we have)+0.503%+$50 · spread now −0.586%, 7d avg −0.089%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and SunX is 0.498% cheaper against BingX than usual: you would sell low and buy high (−$50 if the spread goes back to its 7-day average of −0.089%). Swap the legs. The two prices were read 55 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 | 0.2012 | 0.0582 | pay 0.0291% / 4h | 2h 20m | — | $2.3M | — |
| Short | SunX RAVE-USDT | 0.2000 | 0.0100 | get 0.0050% / 4h | 2h 20m | $1K | $819K | 20x |
BingX RAVE-USDT
SunX RAVE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$101.22
- Price spread: −0.586% → −0.089%
- −$49.78
- Slippage, 4 orders
- −$287.99
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$457
- Costs to cover
- 3.060%
- Break-even
- never at this rate
Slippage from BingX: live order book, 14 min ago; SunX: live order book, 52 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, 14 min ago | 5.02 bp | 36.0 bp −$36 | 156.7 bp −$1,567 | doesn't fit | doesn't fit |
| Sell SunX live order book, 52 min ago | 31.80 bp | 97.3 bp −$97 | 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 | 0.2003 | −0.467% | $2.4M | $946K | 25x | as long as short |
| Bitget RAVEUSDT | +0.0100% | 4h | 0.2014 | +0.084% | $2.9M | $882K | 20x | as long as short |
| Variational Omni RAVE | +0.0100% | 4h | 0.1999 | −0.664% | $2K | $1K | — | as long as short |
| SunX RAVE-USDTshort | +0.0100% | 4h | 0.2000 | −0.586% | $1K | $819K | 20x | |
| HTX RAVE-USDT | +0.0100% | 4h | 0.1994 | −0.870% | $44K | $37K | 20x | as long as short |
| MEXC RAVE_USDT | +0.0358% | 4h | 0.2007 | −0.249% | $2.3M | $491K | 50x | as long as short |
| Binance RAVEUSDT | +0.0359% | 4h | 0.2008 | −0.192% | $4.5M | $3.9M | 20x | as long as short |
| BloFin RAVE-USDT | +0.0369% | 4h | 0.1995 | −0.845% | $241K | $18K | 20x | as long as short |
| BingX RAVE-USDTlong | +0.0582% | 4h | 0.2012 | long leg | — | $2.3M | — | |
| OKX RAVE-USDT-SWAP | +0.0607% | 4h | 0.2011 | −0.050% | $1.5M | $3.1M | 20x | as long as short |
Bybit RAVEUSDT
Bitget RAVEUSDT
Variational Omni RAVE
HTX RAVE-USDT
MEXC RAVE_USDT
Binance RAVEUSDT
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 | +0.0626% | 4h | 0.2001 | −0.547% | $2.2M | $8.1M | 20x | as long as short |
| Gate RAVE_USDT | +0.0776% | 4h | 0.2005 | −0.348% | $1.0M | $553K | 25x | as long as short |
| Aster RAVEUSDT | +0.0896% | 4h | 0.2002 | −0.499% | $24K | $45K | 5x | as long as short |
KuCoin RAVEUSDTM
Gate RAVE_USDT
Aster RAVEUSDT