RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0866%/8h= +94.8% APRnext payment +$4.33 per $10,000 · paid last 24h +0.173%

Price spread now: Gate against Bybit−0.025%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$206as in the Funding arb table

Net, price: spread back to 7d avg − costs−$245as in the Price arb table

costs, in and out, $10k−$2502.502% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.441%+$44 on $10k

Price spread, last 7 days−0.245%−$25 · spread now −0.025%, 7d avg −0.078%

Together, before fees+0.195%+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Gate is 0.053% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.078%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.441% in total (about 23.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.33 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	0.2019	0.0100	pay 0.0050% / 4h	3h 31m	$2.4M	$944K	25x
Short	Gate RAVE_USDT	0.2018	0.0966	get 0.0483% / 4h	3h 31m	$1.0M	$541K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.025%Rate

Funding earned: $181.86
Price spread: −0.025% → −0.078%: $5.3
Slippage, 4 orders: −$224.24
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$63.08
Costs to cover: 2.502%
Break-even: 9.4 days

Slippage from Bybit: live order book, 5 min ago; Gate: live order book, just now.

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, 5 min ago	2.48 bp	69.0 bp −$69	226.0 bp −$2,260	doesn't fit	doesn't fit
Sell Gate live order book, just now	7.42 bp	39.6 bp −$40	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	0.2019	long leg	$2.4M	$944K	25x
Bitget RAVEUSDT	+0.0100%	4h	0.2028	+0.446%	$3.0M	$858K	20x	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.2021	+0.149%	$1K	$800K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.2021	+0.149%	$44K	$34K	20x	as long as short
Variational Omni RAVE	+0.0428%	4h	0.2015	−0.166%	$2K	$1K	—	as long as short
MEXC RAVE_USDT	+0.0854%	4h	0.2022	+0.173%	$2.4M	$515K	50x	as long as short
Binance RAVEUSDT	+0.0856%	4h	0.2023	+0.216%	$4.5M	$3.8M	20x	as long as short
BloFin RAVE-USDT	+0.0873%	4h	0.2021	+0.124%	$246K	$18K	20x	as long as short
Gate RAVE_USDTshort	+0.0966%	4h	0.2018	−0.025%	$1.0M	$541K	25x
BingX RAVE-USDT	+0.1260%	4h	0.2025	+0.322%	—	$2.3M	—	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	+0.1261%	4h	0.2025	+0.322%	$1.6M	$3.0M	20x	as long as short
KuCoin RAVEUSDTM	+0.1452%	4h	0.2017	−0.074%	$2.2M	$8.1M	20x	as long as short
Aster RAVEUSDT	+0.1534%	4h	0.2019	+0.007%	$26K	$44K	5x	as long as short