RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0163%/8h= +17.8% APRnext payment +$0.81 per $10,000 · paid last 24h +0.136%

Price spread now: BloFin against Bitget−0.287%105s7-day average −0.251% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as 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−$1101.104% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.333%+$33 on $10k

Price spread, last 4 days (all we have)−0.230%−$23 · spread now −0.287%, 7d avg −0.251%

Together, before fees+0.102%+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.035% cheaper against Bitget than usual: you would sell low and buy high (spread −0.287% now, against its 7-day average of −0.251%). If the spread goes back, that is −$4 on $10k: about 17 hours of funding at the current rate (+$5 a day). The two prices were read 105 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	Bitget RAVEUSDT	0.1988	0.0100	pay 0.0050% / 4h	2h 21m	$2.9M	$846K	20x
Short	BloFin RAVE-USDT	0.1982	0.0263	get 0.0131% / 4h	2h 21m	$239K	$13K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpFee BloFinbpOrdersPrice spread, now −0.287%Rate

Funding earned: $34.13
Price spread: −0.287% → −0.251%: −$3.55
Slippage, 4 orders: −$86.44
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$79.86
Costs to cover: 1.104%
Break-even: 23.4 days

Slippage from Bitget: live order book, 4 min ago; BloFin: live order book, 24 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, 4 min ago	7.54 bp	32.7 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 24 min ago	5.05 bp	24.1 bp −$24	106.8 bp −$1,068	doesn't fit	doesn't fit

RAVE on 13 exchanges

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	0.1982	−0.307%	$2.4M	$840K	25x	as long as short
Bitget RAVEUSDTlong	+0.0100%	4h	0.1988	long leg	$2.9M	$846K	20x
Variational Omni RAVE	+0.0100%	4h	0.1981	−0.332%	$2K	$1K	—	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.1984	−0.171%	$1K	$869K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.1986	−0.101%	$43K	$36K	20x	as long as short
OKX RAVE-USDT-SWAP	+0.0205%	4h	0.1984	−0.186%	$1.6M	$2.9M	20x	as long as short
MEXC RAVE_USDT	+0.0226%	4h	0.1984	−0.186%	$2.3M	$406K	50x	as long as short
Binance RAVEUSDT	+0.0227%	4h	0.1984	−0.208%	$4.4M	$3.8M	20x	as long as short
BingX RAVE-USDT	+0.0250%	4h	0.1985	−0.136%	—	$2.3M	—	as long as short
BloFin RAVE-USDTshort	+0.0263%	4h	0.1982	−0.287%	$239K	$13K	20x

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin RAVEUSDTM	+0.0570%	4h	0.1979	−0.433%	$2.1M	$8.7M	20x	as long as short
Aster RAVEUSDT	+0.0620%	4h	0.1982	−0.273%	$24K	$43K	5x	as long as short
Gate RAVE_USDT	+0.0970%	4h	0.1979	−0.438%	$988K	$520K	25x	as long as short