Funding you earn now, next payment 00:00 UTC−0.0858%/8h= −94.0% APRnext payment −$4.29 per $10,000 · paid last 24h +0.008%
Price spread now: BingX against Gate+0.199%7-day average +0.267% · you sell dearer than you buy
Net, funding: paid 7d − costs−$181as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1551.549% of the position
Funding, last 7 days−0.260%−$26 on $10k
+Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.199%, 7d avg +0.267%
=Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and BingX is 0.068% cheaper against Gate than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.267%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.260% in total (about -13.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.29 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 | Gate RAVE_USDT | 0.2011 | 0.1288 | pay 0.0644% / 4h | 1h 50m | $1.0M | $439K | 25x |
| Short | BingX RAVE-USDT | 0.2015 | 0.0430 | get 0.0215% / 4h | 1h 50m | — | $2.3M | — |
Gate RAVE_USDT
BingX RAVE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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
- −$180.18
- Price spread: +0.199% → +0.267%
- −$6.81
- Slippage, 4 orders
- −$129.93
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$341.92
- Costs to cover
- 1.549%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; BingX: live order book, 13 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 Gate live order book, 2 min ago | 7.45 bp | 47.1 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 13 min ago | 7.46 bp | 29.1 bp −$29 | 95.2 bp −$952 | 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 RAVEUSDT | +0.0100% | 4h | 0.2010 | −0.045% | $2.4M | $871K | 25x | as long as short |
| Bitget RAVEUSDT | +0.0100% | 4h | 0.2018 | +0.363% | $2.9M | $661K | 20x | as long as short |
| Variational Omni RAVE | +0.0100% | 4h | 0.2010 | −0.058% | $2K | $1K | — | as long as short |
| SunX RAVE-USDT | +0.0100% | 4h | 0.2011 | 0.000% | $1K | $659K | 20x | as long as short |
| HTX RAVE-USDT | +0.0100% | 4h | 0.2016 | +0.224% | $44K | $43K | 20x | as long as short |
| BloFin RAVE-USDT | +0.0334% | 4h | 0.2018 | +0.348% | $249K | $18K | 20x | as long as short |
| MEXC RAVE_USDT | +0.0376% | 4h | 0.2011 | 0.000% | $2.4M | $568K | 50x | as long as short |
| Binance RAVEUSDT | +0.0377% | 4h | 0.2012 | +0.050% | $4.5M | $3.7M | 20x | as long as short |
| BingX RAVE-USDTshort | +0.0430% | 4h | 0.2015 | +0.199% | — | $2.3M | — | |
| OKX RAVE-USDT-SWAP | +0.0444% | 4h | 0.2016 | +0.249% | $1.6M | $2.9M | 20x | as long as short |
Bybit RAVEUSDT
Bitget RAVEUSDT
Variational Omni RAVE
SunX RAVE-USDT
HTX RAVE-USDT
BloFin RAVE-USDT
MEXC RAVE_USDT
Binance RAVEUSDT
OKX RAVE-USDT-SWAPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin RAVEUSDTM | +0.0530% | 4h | 0.2008 | −0.129% | $2.2M | $7.8M | 20x | as long as short |
| Aster RAVEUSDT | +0.0628% | 4h | 0.2014 | +0.155% | $25K | $43K | 5x | as long as short |
| Gate RAVE_USDTlong | +0.1288% | 4h | 0.2011 | long leg | $1.0M | $439K | 25x |
KuCoin RAVEUSDTM
Aster RAVEUSDT