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 −0.118%

Price spread now: SunX against Bybit+0.160%7-day average +0.185% · you sell dearer than you buy

Net, funding: paid 7d − costs−$495as in the Funding arb table

Net, price: spread back to 7d avg − costs−$400as in the Price arb table

costs, in and out, $10k−$3973.972% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.977%−$98 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.160%, 7d avg +0.185%

Together, before fees−0.974%−$97 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: SunX is 0.025% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.185%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit RAVEUSDT	0.2003	0.0100	pay 0.0050% / 4h	2h 16m	$2.4M	$948K	25x
Short	SunX RAVE-USDT	0.2007	0.0100	get 0.0050% / 4h	2h 16m	$1K	$821K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.160%Rate

Funding earned: $0
Price spread: +0.160% → +0.185%: −$2.51
Slippage, 4 orders: −$378.21
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$399.72
Costs to cover: 3.972%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; SunX: live order book, 56 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	4.99 bp	90.7 bp −$91	253.9 bp −$2,539	doesn't fit	doesn't fit
Sell SunX live order book, 56 min ago	31.80 bp	97.3 bp −$97	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	0.2003	long leg	$2.4M	$948K	25x
Bitget RAVEUSDT	+0.0100%	4h	0.2013	+0.464%	$2.9M	$885K	20x	as long as short
Variational Omni RAVE	+0.0100%	4h	0.1999	−0.237%	$2K	$1K	—	as long as short
SunX RAVE-USDTshort	+0.0100%	4h	0.2007	+0.160%	$1K	$821K	20x
HTX RAVE-USDT	+0.0100%	4h	0.2008	+0.205%	$44K	$37K	20x	as long as short
BloFin RAVE-USDT	+0.0339%	4h	0.2011	+0.379%	$242K	$18K	20x	as long as short
MEXC RAVE_USDT	+0.0372%	4h	0.2007	+0.180%	$2.3M	$493K	50x	as long as short
Binance RAVEUSDT	+0.0373%	4h	0.2007	+0.180%	$4.5M	$3.9M	20x	as long as short
BingX RAVE-USDT	+0.0584%	4h	0.2010	+0.329%	—	$2.3M	—	as long as short
OKX RAVE-USDT-SWAP	+0.0625%	4h	0.2011	+0.379%	$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
KuCoin RAVEUSDTM	+0.0642%	4h	0.2003	−0.005%	$2.2M	$8.2M	20x	as long as short
Gate RAVE_USDT	+0.0860%	4h	0.2003	−0.020%	$1.0M	$554K	25x	as long as short
Aster RAVEUSDT	+0.0919%	4h	0.2002	−0.084%	$24K	$45K	5x	as long as short