RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0330%/8h= +36.1% APRnext payment +$1.65 per $10,000 · paid last 24h +0.034%

Price spread now: Binance against Bybit+0.139%7-day average +0.119% · you sell dearer than you buy

Net, funding: paid 7d − costs−$274as in the Funding arb table

Net, price: spread back to 7d avg − costs−$224as in the Price arb table

costs, in and out, $10k−$2262.261% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.482%−$48 on $10k

Price spread, last 7 days−0.166%−$17 · spread now +0.139%, 7d avg +0.119%

Together, before fees−0.648%−$65 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.119%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.482%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit RAVEUSDT	0.1995	0.0100	pay 0.0050% / 4h	2h 38m	$2.4M	$952K	25x
Short	Binance RAVEUSDT	0.1998	0.0430	get 0.0215% / 4h	2h 38m	$4.5M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.139%Rate

Funding earned: $69.3
Price spread: +0.139% → +0.119%: $1.99
Slippage, 4 orders: −$205.05
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$154.76
Costs to cover: 2.261%
Break-even: 22.6 days

Slippage from Bybit: live order book, 4 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 Bybit live order book, 4 min ago	5.00 bp	92.5 bp −$93	271.2 bp −$2,712	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	2.48 bp	32.0 bp −$32	187.8 bp −$1,878	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 RAVEUSDTlong	+0.0100%	4h	0.1995	long leg	$2.4M	$952K	25x
Bitget RAVEUSDT	+0.0100%	4h	0.2003	+0.386%	$2.9M	$872K	20x	as long as short
Variational Omni RAVE	+0.0100%	4h	0.1998	+0.134%	$2K	$1K	—	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.1996	+0.075%	$2K	$812K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.1996	+0.025%	$44K	$37K	20x	as long as short
Binance RAVEUSDTshort	+0.0430%	4h	0.1998	+0.139%	$4.5M	$3.8M	20x
BloFin RAVE-USDT	+0.0430%	4h	0.2000	+0.251%	$243K	$18K	20x	as long as short
MEXC RAVE_USDT	+0.0444%	4h	0.1998	+0.150%	$2.4M	$482K	50x	as long as short
Gate RAVE_USDT	+0.0566%	4h	0.1992	−0.150%	$1.0M	$548K	25x	as long as short
KuCoin RAVEUSDTM	+0.0686%	4h	0.1992	−0.130%	$2.2M	$8.1M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX RAVE-USDT-SWAP	+0.0719%	4h	0.2000	+0.251%	$1.5M	$3.0M	20x	as long as short
BingX RAVE-USDT	+0.0738%	4h	0.1997	+0.100%	—	$2.3M	—	as long as short
Aster RAVEUSDT	+0.0987%	4h	0.1997	+0.112%	$24K	$45K	5x	as long as short