Funding you earn now, next payment 00:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.07 per $10,000 · paid last 24h +0.005%
Price spread now: Binance against BloFin+0.050%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1161.164% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 3 days (all we have)+0.020%+$2 · spread now +0.050%, 7d avg −0.008%
=The price spread pays, funding is against you. Binance is 0.058% dearer against BloFin than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of −0.008%): +$6 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 14 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin RAVE-USDT | 0.2020 | 0.0467 | pay 0.0234% / 4h | 1h 08m | $248K | $18K | 20x |
| Short | Binance RAVEUSDT | 0.2021 | 0.0453 | get 0.0227% / 4h | 1h 08m | $4.5M | $3.7M | 20x |
BloFin RAVE-USDT
Binance RAVEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$2.87
- Price spread: +0.050% → −0.008%
- $5.77
- Slippage, 4 orders
- −$94.38
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$113.47
- Costs to cover
- 1.164%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Binance: live order book, 14 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 BloFin live order book, 2 min ago | 2.48 bp | 26.5 bp −$27 | 105.8 bp −$1,058 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 2.47 bp | 33.6 bp −$34 | 154.3 bp −$1,543 | 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 RAVEUSDT | +0.0100% | 4h | 0.2018 | −0.099% | $2.4M | $877K | 25x | as long as short |
| Bitget RAVEUSDT | +0.0100% | 4h | 0.2025 | +0.233% | $3.0M | $664K | 20x | as long as short |
| Variational Omni RAVE | +0.0100% | 4h | 0.2019 | −0.038% | $2K | $1K | — | as long as short |
| SunX RAVE-USDT | +0.0100% | 4h | 0.2017 | −0.134% | $1K | $666K | 20x | as long as short |
| HTX RAVE-USDT | +0.0100% | 4h | 0.2019 | −0.025% | $44K | $42K | 20x | as long as short |
| BingX RAVE-USDT | +0.0430% | 4h | 0.2020 | 0.000% | — | $2.3M | — | as long as short |
| MEXC RAVE_USDT | +0.0452% | 4h | 0.2020 | 0.000% | $2.4M | $574K | 50x | as long as short |
| Binance RAVEUSDTshort | +0.0453% | 4h | 0.2021 | +0.050% | $4.5M | $3.7M | 20x | |
| OKX RAVE-USDT-SWAP | +0.0464% | 4h | 0.2022 | +0.099% | $1.6M | $2.9M | 20x | as long as short |
| BloFin RAVE-USDTlong | +0.0467% | 4h | 0.2020 | long leg | $248K | $18K | 20x |
Bybit RAVEUSDT
Bitget RAVEUSDT
Variational Omni RAVE
SunX RAVE-USDT
HTX RAVE-USDT
BingX RAVE-USDT
MEXC RAVE_USDT
OKX RAVE-USDT-SWAPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster RAVEUSDT | +0.0665% | 4h | 0.2020 | −0.012% | $25K | $43K | 5x | as long as short |
| KuCoin RAVEUSDTM | +0.0756% | 4h | 0.2016 | −0.193% | $2.2M | $7.8M | 20x | as long as short |
| Gate RAVE_USDT | +0.1412% | 4h | 0.2017 | −0.149% | $1.0M | $454K | 25x | as long as short |
Aster RAVEUSDT
KuCoin RAVEUSDTM
Gate RAVE_USDT