RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0570%/8h= +62.4% APRnext payment +$2.85 per $10,000 · paid last 24h +0.131%

Price spread now: BingX against Bybit+0.297%7-day average +0.131% · you sell dearer than you buy

Net, funding: paid 7d − costs−$187as in the Funding arb table

Net, price: spread back to 7d avg − costs−$187as in the Price arb table

costs, in and out, $10k−$2042.041% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.168%+$17 on $10k

Price spread, last 7 days−0.396%−$40 · spread now +0.297%, 7d avg +0.131%

Together, before fees−0.228%−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and BingX is 0.166% dearer against Bybit than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.131%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.168% in total (about 8.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.85 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	Bybit RAVEUSDT	0.2020	0.0100	pay 0.0050% / 4h	1h 59m	$2.4M	$947K	25x
Short	BingX RAVE-USDT	0.2026	0.0670	get 0.0335% / 4h	1h 59m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.297%Rate

Funding earned: $119.7
Price spread: +0.297% → +0.131%: $16.61
Slippage, 4 orders: −$183.05
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$67.74
Costs to cover: 2.041%
Break-even: 11.0 days

Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 4 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, 3 min ago	4.97 bp	76.5 bp −$77	226.8 bp −$2,268	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	7.46 bp	35.4 bp −$35	110.3 bp −$1,103	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	0.2020	long leg	$2.4M	$947K	25x
Bitget RAVEUSDT	+0.0100%	4h	0.2028	+0.406%	$2.9M	$882K	20x	as long as short
Variational Omni RAVE	+0.0100%	4h	0.2015	−0.266%	$2K	$1K	—	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.2021	+0.074%	$2K	$825K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.2027	+0.351%	$44K	$37K	20x	as long as short
MEXC RAVE_USDT	+0.0474%	4h	0.2022	+0.099%	$2.4M	$471K	50x	as long as short
Binance RAVEUSDT	+0.0475%	4h	0.2022	+0.099%	$4.5M	$3.9M	20x	as long as short
BloFin RAVE-USDT	+0.0520%	4h	0.2020	0.000%	$243K	$18K	20x	as long as short
BingX RAVE-USDTshort	+0.0670%	4h	0.2026	+0.297%	—	$2.3M	—
OKX RAVE-USDT-SWAP	+0.0697%	4h	0.2024	+0.198%	$1.5M	$3.1M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin RAVEUSDTM	+0.0802%	4h	0.2018	−0.124%	$2.2M	$8.2M	20x	as long as short
Aster RAVEUSDT	+0.0993%	4h	0.2018	−0.096%	$24K	$46K	5x	as long as short
Gate RAVE_USDT	+0.0996%	4h	0.2020	0.000%	$1.0M	$547K	25x	as long as short