Funding arb · Price arb /

RAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.105%

Price spread now: Bybit against Bitget−0.379%7-day average −0.330% · you buy dearer than you sell

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$215as in the Price arb table

costs, in and out, $10k−$2102.099% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.818%+$82 on $10k

Price spread, last 7 days+0.303%+$30 · spread now −0.379%, 7d avg −0.330%

Together, before fees+1.122%+$112 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.049% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.330%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget RAVEUSDT	0.2003	0.0100	pay 0.0050% / 4h	2h 40m	$2.9M	$872K	20x
Short	Bybit RAVEUSDT	0.1996	0.0100	get 0.0050% / 4h	2h 40m	$2.4M	$948K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now −0.379%Rate

Funding earned: $0
Price spread: −0.379% → −0.330%: −$4.94
Slippage, 4 orders: −$186.9
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$214.84
Costs to cover: 2.099%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Bybit: 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 Bitget live order book, 2 min ago	8.97 bp	24.8 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	5.00 bp	66.7 bp −$67	206.7 bp −$2,067	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 RAVEUSDTshort	+0.0100%	4h	0.1996	−0.379%	$2.4M	$948K	25x
Bitget RAVEUSDTlong	+0.0100%	4h	0.2003	long leg	$2.9M	$872K	20x
Variational Omni RAVE	+0.0100%	4h	0.1998	−0.281%	$2K	$1K	—	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.1999	−0.190%	$1K	$810K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.2017	+0.669%	$44K	$34K	20x	as long as short
BloFin RAVE-USDT	+0.0407%	4h	0.2003	−0.015%	$244K	$18K	20x	as long as short
MEXC RAVE_USDT	+0.0454%	4h	0.1998	−0.265%	$2.4M	$482K	50x	as long as short
Binance RAVEUSDT	+0.0455%	4h	0.1997	−0.314%	$4.5M	$3.8M	20x	as long as short
Gate RAVE_USDT	+0.0602%	4h	0.1992	−0.564%	$1.0M	$547K	25x	as long as short
KuCoin RAVEUSDTM	+0.0714%	4h	0.1993	−0.529%	$2.2M	$8.1M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX RAVE-USDT	+0.0738%	4h	0.1998	−0.265%	—	$2.3M	—	as long as short
OKX RAVE-USDT-SWAP	+0.0745%	4h	0.1999	−0.215%	$1.5M	$3.0M	20x	as long as short
Aster RAVEUSDT	+0.1001%	4h	0.1998	−0.287%	$24K	$45K	5x	as long as short