RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1712%/8h= +187.5% APRnext payment +$8.56 per $10,000 · paid last 24h +0.257%

Price spread now: KuCoin against Bitget−0.587%7-day average −0.354% · you buy dearer than you sell

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$271as in the Price arb table

costs, in and out, $10k−$2482.476% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+1.162%+$116 on $10k

Price spread, last 7 days+0.468%+$47 · spread now −0.587%, 7d avg −0.354%

Together, before fees+1.630%+$163 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.233% cheaper against Bitget than usual: you would sell low and buy high (spread −0.587% now, against its 7-day average of −0.354%). If the spread goes back, that is −$23 on $10k: about 11 hours of funding at the current rate (+$51 a day). At the pace of the last 7 days (+1.162% in total) that is about 34 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.162% in total (about 60.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.56 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	0.2009	0.0100	pay 0.0050% / 4h	25m 51s	$2.9M	$804K	20x
Short	KuCoin RAVEUSDTM	0.1998	0.1812	get 0.0906% / 4h	25m 51s	$2.2M	$8.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.587%Rate

Funding earned: $359.52
Price spread: −0.587% → −0.354%: −$23.34
Slippage, 4 orders: −$223.57
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $88.61
Costs to cover: 2.476%
Break-even: 5.3 days

Slippage from Bitget: live order book, 2 min ago; KuCoin: live order book, 2 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	7.74 bp	26.1 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	6.77 bp	128.2 bp −$128	938.3 bp −$9,383	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
Bitget RAVEUSDTlong	+0.0100%	4h	0.2009	long leg	$2.9M	$804K	20x
SunX RAVE-USDT	+0.0100%	4h	0.2002	−0.353%	$1K	$774K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.2003	−0.338%	$44K	$34K	20x	as long as short
Variational Omni RAVE	+0.0880%	4h	0.1998	−0.556%	$2K	$1K	—	as long as short
BloFin RAVE-USDT	+0.0967%	4h	0.2002	−0.363%	$244K	$19K	20x	as long as short
MEXC RAVE_USDT	+0.1014%	4h	0.2004	−0.264%	$2.4M	$526K	50x	as long as short
Binance RAVEUSDT	+0.1016%	4h	0.2004	−0.242%	$4.5M	$3.8M	20x	as long as short
Bybit RAVEUSDT	+0.1309%	4h	0.1998	−0.552%	$2.4M	$937K	25x	as long as short
Gate RAVE_USDT	+0.1420%	4h	0.1999	−0.513%	$1.0M	$516K	25x	as long as short
BingX RAVE-USDT	+0.1424%	4h	0.2003	−0.314%	—	$2.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX RAVE-USDT-SWAP	+0.1488%	4h	0.2006	−0.164%	$1.5M	$3.1M	20x	as long as short
Aster RAVEUSDT	+0.1656%	4h	0.1999	−0.528%	$26K	$44K	5x	as long as short
KuCoin RAVEUSDTMshort	+0.1812%	4h	0.1998	−0.587%	$2.2M	$8.1M	20x