RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0710%/8h= +77.7% APRnext payment +$3.55 per $10,000 · paid last 24h +0.219%

Price spread now: KuCoin against Bybit−0.214%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$348as in the Funding arb table

Net, price: spread back to 7d avg − costs−$406as in the Price arb table

costs, in and out, $10k−$3873.872% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.390%+$39 on $10k

Price spread, last 7 days+0.172%+$17 · spread now −0.214%, 7d avg −0.029%

Together, before fees+0.561%+$56 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.185% cheaper against Bybit than usual: you would sell low and buy high (spread −0.214% now, against its 7-day average of −0.029%). If the spread goes back, that is −$19 on $10k: about 21 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.390% in total) that is about 3.3 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.390% in total (about 20.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.55 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	0.2012	0.0100	pay 0.0050% / 4h	2h 51m	$2.4M	$948K	25x
Short	KuCoin RAVEUSDTM	0.2008	0.0810	get 0.0405% / 4h	2h 51m	$2.2M	$8.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.214%Rate

Funding earned: $149.1
Price spread: −0.214% → −0.029%: −$18.5
Slippage, 4 orders: −$364.21
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$256.61
Costs to cover: 3.872%
Break-even: 19.0 days

Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 2 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, 1 min ago	4.97 bp	89.7 bp −$90	238.1 bp −$2,381	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	6.97 bp	106.4 bp −$106	926.2 bp −$9,262	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	0.2012	long leg	$2.4M	$948K	25x
Bitget RAVEUSDT	+0.0100%	4h	0.2019	+0.353%	$2.9M	$871K	20x	as long as short
Variational Omni RAVE	+0.0100%	4h	0.2012	+0.007%	$2K	$1K	—	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.2014	+0.099%	$1K	$808K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.2017	+0.239%	$44K	$34K	20x	as long as short
Binance RAVEUSDT	+0.0515%	4h	0.2014	+0.108%	$4.5M	$3.8M	20x	as long as short
BloFin RAVE-USDT	+0.0522%	4h	0.2014	+0.099%	$244K	$18K	20x	as long as short
MEXC RAVE_USDT	+0.0524%	4h	0.2014	+0.099%	$2.4M	$478K	50x	as long as short
Gate RAVE_USDT	+0.0658%	4h	0.2012	0.000%	$1.0M	$544K	25x	as long as short
BingX RAVE-USDT	+0.0806%	4h	0.2018	+0.298%	—	$2.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin RAVEUSDTMshort	+0.0810%	4h	0.2008	−0.214%	$2.2M	$8.1M	20x
OKX RAVE-USDT-SWAP	+0.0842%	4h	0.2016	+0.199%	$1.5M	$3.0M	20x	as long as short
Aster RAVEUSDT	+0.1100%	4h	0.2013	+0.073%	$24K	$45K	5x	as long as short