Funding you earn now, next payment 04:00 UTC+0.0595%/8h= +65.1% APRnext payment +$2.97 per $10,000 · paid last 24h −0.032%
Price spread now: BloFin against Bybit+0.114%82s7-day average +0.222% · you sell dearer than you buy
Net, funding: paid 7d − costs−$242as 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−$1901.905% of the position
Funding, last 7 days−0.515%−$52 on $10k
+Price spread, last 3 days (all we have)+0.034%+$3 · spread now +0.114%, 7d avg +0.222%
=Funding pays, the price is against you. BloFin is 0.108% cheaper against Bybit than usual: you would sell low and buy high (spread +0.114% now, against its 7-day average of +0.222%). If the spread goes back, that is −$11 on $10k: about 15 hours of funding at the current rate (+$18 a day). Mind the row above: over the last 7 days funding on this pair cost −0.515%, so the current rate has only just turned in your favour. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit RAVEUSDT | 0.2013 | 0.0100 | pay 0.0050% / 4h | 3h 57m | $2.4M | $911K | 25x |
| Short | BloFin RAVE-USDT | 0.2015 | 0.0695 | get 0.0347% / 4h | 3h 57m | $246K | $18K | 20x |
Bybit RAVEUSDT
BloFin RAVE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- $124.94
- Price spread: +0.114% → +0.222%
- −$10.81
- Slippage, 4 orders
- −$167.48
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$76.34
- Costs to cover
- 1.905%
- Break-even
- 11.3 days
Slippage from Bybit: live order book, 9 min ago; BloFin: live order book, 8 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, 9 min ago | 2.49 bp | 71.2 bp −$71 | 228.7 bp −$2,287 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 8 min ago | 2.49 bp | 27.8 bp −$28 | 91.8 bp −$918 | 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 | 0.2013 | long leg | $2.4M | $911K | 25x | |
| Bitget RAVEUSDT | +0.0100% | 4h | 0.2019 | +0.313% | $2.9M | $674K | 20x | as long as short |
| Variational Omni RAVE | +0.0100% | 4h | 0.2013 | +0.001% | $2K | $1K | — | as long as short |
| SunX RAVE-USDT | +0.0100% | 4h | 0.2012 | −0.025% | $1K | $683K | 20x | as long as short |
| HTX RAVE-USDT | +0.0100% | 4h | 0.2018 | +0.238% | $44K | $40K | 20x | as long as short |
| Gate RAVE_USDT | +0.0196% | 4h | 0.2010 | −0.134% | $1.0M | $446K | 25x | as long as short |
| OKX RAVE-USDT-SWAP | +0.0519% | 4h | 0.2018 | +0.263% | $1.6M | $3.0M | 20x | as long as short |
| BingX RAVE-USDT | +0.0646% | 4h | 0.2017 | +0.214% | — | $2.3M | — | as long as short |
| MEXC RAVE_USDT | +0.0690% | 4h | 0.2013 | +0.015% | $2.4M | $547K | 50x | as long as short |
| Binance RAVEUSDT | +0.0695% | 4h | 0.2014 | +0.046% | $4.5M | $3.7M | 20x | as long as short |
Bitget RAVEUSDT
Variational Omni RAVE
SunX RAVE-USDT
HTX RAVE-USDT
Gate RAVE_USDT
OKX RAVE-USDT-SWAP
BingX RAVE-USDT
MEXC RAVE_USDT
Binance RAVEUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin RAVE-USDTshort | +0.0695% | 4h | 0.2015 | +0.114% | $246K | $18K | 20x | |
| Aster RAVEUSDT | +0.0864% | 4h | 0.2012 | −0.035% | $25K | $43K | 5x | as long as short |
| KuCoin RAVEUSDTM | +0.1176% | 4h | 0.2009 | −0.174% | $2.2M | $8.0M | 20x | as long as short |
Aster RAVEUSDT
KuCoin RAVEUSDTM