Funding you earn now, next payment 04:00 UTC−0.0860%/8h= −94.1% APRnext payment −$4.30 per $10,000 · paid last 24h −0.094%
Price spread now: Bitget against BloFin+0.620%95s7-day average +0.251% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$890.891% of the position
Funding, last 7 days−0.279%−$28 on $10k
+Price spread, last 4 days (all we have)−0.103%−$10 · spread now +0.620%, 7d avg +0.251%
=The price spread pays, funding is against you. Bitget is 0.369% dearer against BloFin than usual: you sell high and buy low (spread +0.620% now, against its 7-day average of +0.251%): +$37 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 34 hours. At the pace of the last 7 days (−0.279% in total) that is about 9.3 days. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.279% in total (about -14.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.30 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 | BloFin RAVE-USDT | 0.2015 | 0.0960 | pay 0.0480% / 4h | 1m 38s | $244K | $19K | 20x |
| Short | Bitget RAVEUSDT | 0.2028 | 0.0100 | get 0.0050% / 4h | 1m 38s | $3.0M | $830K | 20x |
BloFin RAVE-USDT
Bitget RAVEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$180.52
- Price spread: +0.620% → +0.251%
- $36.89
- Slippage, 4 orders
- −$65.11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$232.74
- Costs to cover
- 0.891%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 30 min ago; Bitget: live order book, 1 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, 30 min ago | 2.50 bp | 17.7 bp −$18 | 130.3 bp −$1,303 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 8.89 bp | 20.7 bp −$21 | 251.8 bp −$2,518 | 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 RAVEUSDTshort | +0.0100% | 4h | 0.2028 | +0.620% | $3.0M | $830K | 20x | |
| SunX RAVE-USDT | +0.0100% | 4h | 0.2019 | +0.223% | $1K | $797K | 20x | as long as short |
| HTX RAVE-USDT | +0.0100% | 4h | 0.2021 | +0.273% | $44K | $34K | 20x | as long as short |
| Variational Omni RAVE | +0.0756% | 4h | 0.2017 | +0.107% | $2K | $1K | — | as long as short |
| Binance RAVEUSDT | +0.0931% | 4h | 0.2022 | +0.347% | $4.5M | $3.9M | 20x | as long as short |
| MEXC RAVE_USDT | +0.0936% | 4h | 0.2022 | +0.347% | $2.4M | $534K | 50x | as long as short |
| BloFin RAVE-USDTlong | +0.0960% | 4h | 0.2015 | long leg | $244K | $19K | 20x | |
| Bybit RAVEUSDT | +0.1074% | 4h | 0.2020 | +0.248% | $2.4M | $941K | 25x | as long as short |
| BingX RAVE-USDT | +0.1378% | 4h | 0.2024 | +0.447% | — | $2.3M | — | as long as short |
| OKX RAVE-USDT-SWAP | +0.1395% | 4h | 0.2024 | +0.447% | $1.6M | $3.1M | 20x | as long as short |
SunX RAVE-USDT
HTX RAVE-USDT
Variational Omni RAVE
Binance RAVEUSDT
MEXC RAVE_USDT
Bybit RAVEUSDT
BingX RAVE-USDT
OKX RAVE-USDT-SWAPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate RAVE_USDT | +0.1502% | 4h | 0.2018 | +0.149% | $1.0M | $535K | 25x | as long as short |
| Aster RAVEUSDT | +0.1623% | 4h | 0.2019 | +0.196% | $26K | $45K | 5x | as long as short |
| KuCoin RAVEUSDTM | +0.1652% | 4h | 0.2016 | +0.074% | $2.2M | $8.1M | 20x | as long as short |
Gate RAVE_USDT
Aster RAVEUSDT
KuCoin RAVEUSDTM