RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0600%/8h= +65.7% APRnext payment +$3.00 per $10,000 · paid last 24h +0.103%

Price spread now: MEXC against Bitget−0.237%7-day average −0.212% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$680.682% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.296%+$30 on $10k

Price spread, last 7 days+0.229%+$23 · spread now −0.237%, 7d avg −0.212%

Together, before fees+0.525%+$53 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.025% cheaper against Bitget than usual: you would sell low and buy high (spread −0.237% now, against its 7-day average of −0.212%). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.296% in total) that is about 14 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.296% in total (about 15.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.00 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	0.2027	0.0100	pay 0.0050% / 4h	3h 40m	$2.9M	$683K	20x
Short	MEXC RAVE_USDT	0.2022	0.0700	get 0.0350% / 4h	3h 40m	$2.4M	$552K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.237%Rate

Funding earned: $126
Price spread: −0.237% → −0.212%: −$2.48
Slippage, 4 orders: −$56.16
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: $55.35
Costs to cover: 0.682%
Break-even: 3.9 days

Slippage from Bitget: live order book, 3 min ago; MEXC: 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, 3 min ago	10.85 bp	21.1 bp −$21	258.4 bp −$2,584	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	2.47 bp	10.4 bp −$10	77.4 bp −$774	291.9 bp −$29.2K	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	0.2019	−0.385%	$2.4M	$916K	25x	as long as short
Bitget RAVEUSDTlong	+0.0100%	4h	0.2027	long leg	$2.9M	$683K	20x
Variational Omni RAVE	+0.0100%	4h	0.2020	−0.326%	$2K	$1K	—	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.2021	−0.286%	$2K	$696K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.2021	−0.261%	$44K	$38K	20x	as long as short
OKX RAVE-USDT-SWAP	+0.0507%	4h	0.2025	−0.089%	$1.6M	$3.0M	20x	as long as short
BloFin RAVE-USDT	+0.0642%	4h	0.2021	−0.286%	$247K	$18K	20x	as long as short
BingX RAVE-USDT	+0.0690%	4h	0.2024	−0.138%	—	$2.3M	—	as long as short
Binance RAVEUSDT	+0.0696%	4h	0.2023	−0.206%	$4.5M	$3.7M	20x	as long as short
MEXC RAVE_USDTshort	+0.0700%	4h	0.2022	−0.237%	$2.4M	$552K	50x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster RAVEUSDT	+0.0865%	4h	0.2019	−0.400%	$25K	$43K	5x	as long as short
KuCoin RAVEUSDTM	+0.1154%	4h	0.2016	−0.558%	$2.2M	$8.0M	20x	as long as short
Gate RAVE_USDT	+0.1258%	4h	0.2019	−0.385%	$1.0M	$455K	25x	as long as short