Funding arb · Price arb /

RAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.069%

Price spread now: Variational Omni against Bitget−0.552%7-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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.552% cheaper against Bitget than usual: you would sell low and buy high, −$55 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget RAVEUSDT	0.2023	0.0100	pay 0.0050% / 4h	1h 51m	$3.0M	$661K	20x
Short	Variational Omni RAVE	0.2011	0.0100	get 0.0050% / 4h	1h 51m	$2K	$1K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.552%Rate

Funding earned: $0
Price spread: −0.552% → 0.000%: −$55.23
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$67.23
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 1 min ago; Variational Omni: 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, 1 min ago	5.69 bp	18.6 bp −$19	291.7 bp −$2,917	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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	0.2012	−0.519%	$2.4M	$871K	25x	as long as short
Bitget RAVEUSDTlong	+0.0100%	4h	0.2023	long leg	$3.0M	$661K	20x
Variational Omni RAVEshort	+0.0100%	4h	0.2011	−0.552%	$2K	$1K	—
SunX RAVE-USDT	+0.0100%	4h	0.2014	−0.420%	$2K	$659K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.2016	−0.346%	$44K	$43K	20x	as long as short
BloFin RAVE-USDT	+0.0356%	4h	0.2018	−0.222%	$252K	$18K	20x	as long as short
MEXC RAVE_USDT	+0.0376%	4h	0.2015	−0.371%	$2.4M	$567K	50x	as long as short
Binance RAVEUSDT	+0.0377%	4h	0.2016	−0.344%	$4.5M	$3.7M	20x	as long as short
BingX RAVE-USDT	+0.0380%	4h	0.2021	−0.074%	—	$2.3M	—	as long as short
OKX RAVE-USDT-SWAP	+0.0455%	4h	0.2019	−0.173%	$1.6M	$2.9M	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	+0.0540%	4h	0.2012	−0.529%	$2.2M	$7.8M	20x	as long as short
Aster RAVEUSDT	+0.0628%	4h	0.2018	−0.239%	$25K	$43K	5x	as long as short
Gate RAVE_USDT	+0.1298%	4h	0.2013	−0.470%	$1.0M	$439K	25x	as long as short