Funding arb · Price arb /

RAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.105%

Price spread now: Bitget against Bybit+0.415%7-day average +0.331% · you sell dearer than you buy

Net, funding: paid 7d − costs−$303as in the Funding arb table

Net, price: spread back to 7d avg − costs−$213as in the Price arb table

costs, in and out, $10k−$2212.215% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.818%−$82 on $10k

Price spread, last 7 days−0.349%−$35 · spread now +0.415%, 7d avg +0.331%

Together, before fees−1.167%−$117 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.084% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.331%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit RAVEUSDT	0.2000	0.0100	pay 0.0050% / 4h	52m 40s	$2.4M	$947K	25x
Short	Bitget RAVEUSDT	0.2008	0.0100	get 0.0050% / 4h	52m 40s	$2.9M	$863K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.415%Rate

Funding earned: $0
Price spread: +0.415% → +0.331%: $8.41
Slippage, 4 orders: −$198.46
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$213.05
Costs to cover: 2.215%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Bitget: live order book, 5 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	5.01 bp	72.4 bp −$72	223.3 bp −$2,233	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	7.49 bp	26.4 bp −$26	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 RAVEUSDTlong	+0.0100%	4h	0.2000	long leg	$2.4M	$947K	25x
Bitget RAVEUSDTshort	+0.0100%	4h	0.2008	+0.415%	$2.9M	$863K	20x
Variational Omni RAVE	+0.0100%	4h	0.1998	−0.118%	$2K	$1K	—	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.2003	+0.140%	$2K	$842K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.2004	+0.225%	$44K	$36K	20x	as long as short
MEXC RAVE_USDT	+0.0338%	4h	0.2002	+0.100%	$2.3M	$471K	50x	as long as short
Binance RAVEUSDT	+0.0339%	4h	0.2003	+0.150%	$4.5M	$3.9M	20x	as long as short
BloFin RAVE-USDT	+0.0347%	4h	0.2003	+0.150%	$241K	$18K	20x	as long as short
BingX RAVE-USDT	+0.0602%	4h	0.2004	+0.200%	—	$2.3M	—	as long as short
OKX RAVE-USDT-SWAP	+0.0644%	4h	0.2005	+0.250%	$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
Aster RAVEUSDT	+0.0906%	4h	0.2005	+0.232%	$23K	$45K	5x	as long as short
KuCoin RAVEUSDTM	+0.1002%	4h	0.1999	−0.040%	$2.2M	$8.3M	20x	as long as short
Gate RAVE_USDT	+0.1028%	4h	0.2001	+0.050%	$1.0M	$552K	25x	as long as short