RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1198%/8h= −131.2% APRnext payment −$5.99 per $10,000 · paid last 24h −0.083%

Price spread now: Bybit against Gate−0.144%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$251as in the Funding arb table

Net, price: spread back to 7d avg − costs−$226as in the Price arb table

costs, in and out, $10k−$2122.120% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.385%−$39 on $10k

Price spread, last 4 days (all we have)+0.296%+$30 · spread now −0.144%, 7d avg −0.004%

Together, before fees−0.089%−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and Bybit is 0.140% cheaper against Gate than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.004%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.385% in total (about -20.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.99 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	0.2013	0.1298	pay 0.0649% / 4h	1h 51m	$1.0M	$439K	25x
Short	Bybit RAVEUSDT	0.2010	0.0100	get 0.0050% / 4h	1h 51m	$2.4M	$871K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now −0.144%Rate

Funding earned: −$251.58
Price spread: −0.144% → −0.004%: −$13.97
Slippage, 4 orders: −$185.96
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$477.52
Costs to cover: 2.120%
Break-even: never at this rate

Slippage from Gate: live order book, just now; Bybit: 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 Gate live order book, just now	7.45 bp	47.1 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, just now	4.97 bp	36.5 bp −$36	176.4 bp −$1,764	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 RAVEUSDTshort	+0.0100%	4h	0.2010	−0.144%	$2.4M	$871K	25x
Bitget RAVEUSDT	+0.0100%	4h	0.2020	+0.333%	$2.9M	$661K	20x	as long as short
Variational Omni RAVE	+0.0100%	4h	0.2011	−0.083%	$2K	$1K	—	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.2014	+0.050%	$2K	$659K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.2016	+0.124%	$44K	$43K	20x	as long as short
BloFin RAVE-USDT	+0.0356%	4h	0.2018	+0.248%	$252K	$18K	20x	as long as short
MEXC RAVE_USDT	+0.0376%	4h	0.2012	−0.050%	$2.4M	$567K	50x	as long as short
Binance RAVEUSDT	+0.0378%	4h	0.2013	−0.004%	$4.5M	$3.7M	20x	as long as short
BingX RAVE-USDT	+0.0420%	4h	0.2017	+0.199%	—	$2.3M	—	as long as short
OKX RAVE-USDT-SWAP	+0.0455%	4h	0.2015	+0.099%	$1.6M	$2.9M	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	+0.0538%	4h	0.2009	−0.204%	$2.2M	$7.8M	20x	as long as short
Aster RAVEUSDT	+0.0628%	4h	0.2015	+0.115%	$25K	$43K	5x	as long as short
Gate RAVE_USDTlong	+0.1298%	4h	0.2013	long leg	$1.0M	$439K	25x