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 −0.013%

Price spread now: HTX against Bitget−0.184%56s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.184% cheaper against Bitget than usual: you would sell low and buy high, −$18 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 56 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	0.2013	0.0100	pay 0.0050% / 4h	2h 17m	$2.9M	$885K	20x
Short	HTX RAVE-USDT	0.2009	0.0100	get 0.0050% / 4h	2h 17m	$44K	$37K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.184%Rate

Funding earned: $0
Price spread: −0.184% → 0.000%: −$18.38
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$42.38
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, just now; HTX: no order-book sample. Net counts fees only.

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, just now	7.45 bp	29.3 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2004	−0.457%	$2.4M	$948K	25x	as long as short
Bitget RAVEUSDTlong	+0.0100%	4h	0.2013	long leg	$2.9M	$885K	20x
Variational Omni RAVE	+0.0100%	4h	0.1999	−0.723%	$2K	$1K	—	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.2007	−0.323%	$1K	$821K	20x	as long as short
HTX RAVE-USDTshort	+0.0100%	4h	0.2009	−0.184%	$44K	$37K	20x
BloFin RAVE-USDT	+0.0333%	4h	0.1995	−0.904%	$241K	$18K	20x	as long as short
MEXC RAVE_USDT	+0.0368%	4h	0.2007	−0.308%	$2.3M	$491K	50x	as long as short
Binance RAVEUSDT	+0.0373%	4h	0.2008	−0.263%	$4.5M	$3.9M	20x	as long as short
BingX RAVE-USDT	+0.0582%	4h	0.2009	−0.209%	—	$2.3M	—	as long as short
OKX RAVE-USDT-SWAP	+0.0616%	4h	0.2010	−0.159%	$1.5M	$3.0M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin RAVEUSDTM	+0.0638%	4h	0.2003	−0.517%	$2.2M	$8.2M	20x	as long as short
Gate RAVE_USDT	+0.0842%	4h	0.2004	−0.457%	$1.0M	$554K	25x	as long as short
Aster RAVEUSDT	+0.0916%	4h	0.2003	−0.522%	$24K	$45K	5x	as long as short