Funding you earn now, next payment 08:00 UTC−0.0793%/8h= −86.8% APRnext payment −$3.96 per $10,000 · paid last 24h −0.147%
Price spread now: SunX against BloFin+0.272%55s7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$307as 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−$2592.593% of the position
Funding, last 7 days−0.480%−$48 on $10k
+Price spread, last 4 days (all we have)−0.229%−$23 · spread now +0.272%, 7d avg −0.027%
=The price spread pays, funding is against you. SunX is 0.300% dearer against BloFin than usual: you sell high and buy low (spread +0.272% now, against its 7-day average of −0.027%): +$30 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 30 hours. At the pace of the last 7 days (−0.480% in total) that is about 4.4 days. The two prices were read 55 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 -0.480% in total (about -25.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.96 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 | 0.2021 | 0.0893 | pay 0.0446% / 4h | 3h 29m | $246K | $18K | 20x |
| Short | SunX RAVE-USDT | 0.2026 | 0.0100 | get 0.0050% / 4h | 3h 29m | $1K | $800K | 20x |
BloFin RAVE-USDT
SunX RAVE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$166.43
- Price spread: +0.272% → −0.027%
- $29.95
- Slippage, 4 orders
- −$239.34
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$395.81
- Costs to cover
- 2.593%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 62 min ago; SunX: live order book, 52 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, 62 min ago | 2.50 bp | 17.7 bp −$18 | 130.3 bp −$1,303 | doesn't fit | doesn't fit |
| Sell SunX live order book, 52 min ago | 31.96 bp | 90.0 bp −$90 | doesn't fit | 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 | 0.2026 | +0.223% | $2.4M | $944K | 25x | as long as short |
| Bitget RAVEUSDT | +0.0100% | 4h | 0.2035 | +0.678% | $3.0M | $858K | 20x | as long as short |
| SunX RAVE-USDTshort | +0.0100% | 4h | 0.2026 | +0.272% | $1K | $800K | 20x | |
| HTX RAVE-USDT | +0.0100% | 4h | 0.2023 | +0.094% | $44K | $34K | 20x | as long as short |
| Variational Omni RAVE | +0.0374% | 4h | 0.2025 | +0.180% | $2K | $1K | — | as long as short |
| Binance RAVEUSDT | +0.0835% | 4h | 0.2027 | +0.297% | $4.5M | $3.8M | 20x | as long as short |
| MEXC RAVE_USDT | +0.0842% | 4h | 0.2024 | +0.148% | $2.4M | $515K | 50x | as long as short |
| BloFin RAVE-USDTlong | +0.0893% | 4h | 0.2021 | long leg | $246K | $18K | 20x | |
| Gate RAVE_USDT | +0.0976% | 4h | 0.2022 | +0.049% | $1.0M | $541K | 25x | as long as short |
| BingX RAVE-USDT | +0.1212% | 4h | 0.2025 | +0.198% | — | $2.3M | — | as long as short |
Bybit RAVEUSDT
Bitget RAVEUSDT
HTX RAVE-USDT
Variational Omni RAVE
Binance RAVEUSDT
MEXC RAVE_USDT
Gate RAVE_USDT
BingX RAVE-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX RAVE-USDT-SWAP | +0.1254% | 4h | 0.2030 | +0.445% | $1.6M | $3.1M | 20x | as long as short |
| KuCoin RAVEUSDTM | +0.1432% | 4h | 0.2020 | −0.054% | $2.2M | $8.1M | 20x | as long as short |
| Aster RAVEUSDT | +0.1516% | 4h | 0.2022 | +0.049% | $26K | $44K | 5x | as long as short |
OKX RAVE-USDT-SWAP
KuCoin RAVEUSDTM
Aster RAVEUSDT