Funding you earn now, next payment 00:00 UTC+0.0560%/8h= +61.4% APRnext payment +$2.80 per $10,000 · paid last 24h +0.066%
Price spread now: Binance against Bitget−0.371%7-day average −0.201% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1091.092% of the position
Funding, last 7 days+0.266%+$27 on $10k
+Price spread, last 7 days+0.317%+$32 · spread now −0.371%, 7d avg −0.201%
=Funding pays, the price is against you. Binance is 0.169% cheaper against Bitget than usual: you would sell low and buy high (spread −0.371% now, against its 7-day average of −0.201%). If the spread goes back, that is −$17 on $10k: about 24 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.266% in total) that is about 4.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.266% in total (about 13.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.80 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 | Bitget RAVEUSDT | 0.2024 | 0.0100 | pay 0.0050% / 4h | 32m 45s | $3.0M | $668K | 20x |
| Short | Binance RAVEUSDT | 0.2017 | 0.0660 | get 0.0330% / 4h | 32m 45s | $4.5M | $3.7M | 20x |
Bitget RAVEUSDT
Binance RAVEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- $117.66
- Price spread: −0.371% → −0.201%
- −$16.94
- Slippage, 4 orders
- −$87.18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$8.45
- Costs to cover
- 1.092%
- Break-even
- 7.5 days
Slippage from Bitget: live order book, 5 min ago; Binance: live order book, 5 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 Bitget live order book, 5 min ago | 8.15 bp | 30.1 bp −$30 | 226.2 bp −$2,262 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 2.48 bp | 25.4 bp −$25 | 157.1 bp −$1,571 | 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 | 0.2015 | −0.455% | $2.4M | $899K | 25x | as long as short |
| Bitget RAVEUSDTlong | +0.0100% | 4h | 0.2024 | long leg | $3.0M | $668K | 20x | |
| Variational Omni RAVE | +0.0100% | 4h | 0.2017 | −0.367% | $2K | $1K | — | as long as short |
| SunX RAVE-USDT | +0.0100% | 4h | 0.2018 | −0.321% | $1K | $675K | 20x | as long as short |
| HTX RAVE-USDT | +0.0100% | 4h | 0.2016 | −0.380% | $44K | $41K | 20x | as long as short |
| OKX RAVE-USDT-SWAP | +0.0536% | 4h | 0.2018 | −0.306% | $1.6M | $2.9M | 20x | as long as short |
| BingX RAVE-USDT | +0.0640% | 4h | 0.2016 | −0.405% | — | $2.3M | — | as long as short |
| Binance RAVEUSDTshort | +0.0660% | 4h | 0.2017 | −0.371% | $4.5M | $3.7M | 20x | |
| MEXC RAVE_USDT | +0.0664% | 4h | 0.2016 | −0.405% | $2.4M | $557K | 50x | as long as short |
| BloFin RAVE-USDT | +0.0694% | 4h | 0.2017 | −0.356% | $248K | $18K | 20x | as long as short |
Bybit RAVEUSDT
Variational Omni RAVE
SunX RAVE-USDT
HTX RAVE-USDT
OKX RAVE-USDT-SWAP
BingX RAVE-USDT
MEXC RAVE_USDT
BloFin RAVE-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster RAVEUSDT | +0.0852% | 4h | 0.2017 | −0.373% | $25K | $42K | 5x | as long as short |
| KuCoin RAVEUSDTM | +0.1148% | 4h | 0.2011 | −0.672% | $2.2M | $7.9M | 20x | as long as short |
| Gate RAVE_USDT | +0.1486% | 4h | 0.2012 | −0.603% | $1.0M | $455K | 25x | as long as short |
Aster RAVEUSDT
KuCoin RAVEUSDTM
Gate RAVE_USDT