RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0618%/8h= +67.7% APRnext payment +$3.09 per $10,000 · paid last 24h +0.136%

Price spread now: OKX against Bybit+0.252%7-day average +0.155% · you sell dearer than you buy

Net, funding: paid 7d − costs−$218as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1821.818% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.361%−$36 on $10k

Price spread, last 7 days−0.378%−$38 · spread now +0.252%, 7d avg +0.155%

Together, before fees−0.739%−$74 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and OKX is 0.097% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.155%. Mind the row above: over the last 7 days funding on this pair cost −0.361%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.361% in total (about -18.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.09 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	0.1988	0.0100	pay 0.0050% / 4h	1h 32m	$2.4M	$961K	25x
Short	OKX RAVE-USDT-SWAP	0.1993	0.0718	get 0.0359% / 4h	1h 32m	$1.5M	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.252%Rate

Funding earned: $129.87
Price spread: +0.252% → +0.155%: $9.65
Slippage, 4 orders: −$160.79
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$42.26
Costs to cover: 1.818%
Break-even: 9.3 days

Slippage from Bybit: live order book, 4 min ago; OKX: 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, 4 min ago	7.54 bp	87.4 bp −$87	259.0 bp −$2,590	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	2.51 bp	18.7 bp −$19	122.3 bp −$1,223	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	0.1988	long leg	$2.4M	$961K	25x
Bitget RAVEUSDT	+0.0100%	4h	0.1997	+0.433%	$2.9M	$872K	20x	as long as short
Variational Omni RAVE	+0.0100%	4h	0.1988	−0.017%	$2K	$1K	—	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.1990	+0.091%	$2K	$837K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.1993	+0.246%	$43K	$37K	20x	as long as short
BloFin RAVE-USDT	+0.0406%	4h	0.1991	+0.151%	$241K	$18K	20x	as long as short
Binance RAVEUSDT	+0.0446%	4h	0.1990	+0.125%	$4.5M	$3.9M	20x	as long as short
MEXC RAVE_USDT	+0.0446%	4h	0.1990	+0.101%	$2.3M	$477K	50x	as long as short
BingX RAVE-USDT	+0.0660%	4h	0.1991	+0.151%	—	$2.3M	—	as long as short
OKX RAVE-USDT-SWAPshort	+0.0718%	4h	0.1993	+0.252%	$1.5M	$3.1M	20x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin RAVEUSDTM	+0.0916%	4h	0.1988	−0.010%	$2.1M	$8.2M	20x	as long as short
Gate RAVE_USDT	+0.0968%	4h	0.1988	0.000%	$1.0M	$562K	25x	as long as short
Aster RAVEUSDT	+0.0987%	4h	0.1993	+0.266%	$22K	$46K	5x	as long as short