RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0261%/8h= −28.6% APRnext payment −$1.31 per $10,000 · paid last 24h −0.039%

Price spread now: Bybit against BloFin−0.178%7-day average −0.221% · you buy dearer than you sell

Net, funding: paid 7d − costs−$155as in the Funding arb table

Net, price: spread back to 7d avg − costs−$199as in the Price arb table

costs, in and out, $10k−$2042.035% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.489%+$49 on $10k

Price spread, last 3 days (all we have)+0.037%+$4 · spread now −0.178%, 7d avg −0.221%

Together, before fees+0.526%+$53 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.043% dearer against BloFin than usual: you sell high and buy low (spread −0.178% now, against its 7-day average of −0.221%): +$4 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 13 hours. Mind the row above: over the last 7 days funding on this pair paid +0.489%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin RAVE-USDT	0.2020	0.0693	pay 0.0347% / 4h	2h 48m	$251K	$18K	20x
Short	Bybit RAVEUSDT	0.2016	0.0432	get 0.0216% / 4h	2h 48m	$2.4M	$919K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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 BloFinbpFee BybitbpOrdersPrice spread, now −0.178%Rate

Funding earned: −$54.87
Price spread: −0.178% → −0.221%: $4.25
Slippage, 4 orders: −$180.52
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$254.14
Costs to cover: 2.035%
Break-even: never at this rate

Slippage from BloFin: live order book, 12 min ago; Bybit: live order book, 3 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, 12 min ago	4.94 bp	28.7 bp −$29	128.2 bp −$1,282	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	7.45 bp	74.7 bp −$75	240.1 bp −$2,401	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 RAVEUSDT	+0.0100%	4h	0.2028	+0.416%	$3.0M	$744K	20x	as long as short
Variational Omni RAVE	+0.0100%	4h	0.2014	−0.288%	$2K	$1K	—	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.2020	−0.010%	$1K	$725K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.2019	−0.025%	$44K	$37K	20x	as long as short
Bybit RAVEUSDTshort	+0.0432%	4h	0.2016	−0.178%	$2.4M	$919K	25x
BingX RAVE-USDT	+0.0606%	4h	0.2020	0.000%	—	$2.3M	—	as long as short
OKX RAVE-USDT-SWAP	+0.0623%	4h	0.2025	+0.248%	$1.6M	$3.1M	20x	as long as short
MEXC RAVE_USDT	+0.0640%	4h	0.2020	0.000%	$2.4M	$542K	50x	as long as short
Binance RAVEUSDT	+0.0652%	4h	0.2021	+0.073%	$4.5M	$3.8M	20x	as long as short
BloFin RAVE-USDTlong	+0.0693%	4h	0.2020	long leg	$251K	$18K	20x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster RAVEUSDT	+0.0945%	4h	0.2016	−0.198%	$25K	$44K	5x	as long as short
KuCoin RAVEUSDTM	+0.1044%	4h	0.2013	−0.351%	$2.2M	$8.0M	20x	as long as short
Gate RAVE_USDT	+0.1596%	4h	0.2017	−0.149%	$1.0M	$479K	25x	as long as short