RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0790%/8h= −86.5% APRnext payment −$3.95 per $10,000 · paid last 24h −0.002%

Price spread now: KuCoin against Gate+0.049%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$284as in the Funding arb table

Net, price: spread back to 7d avg − costs−$276as in the Price arb table

costs, in and out, $10k−$2802.799% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 4 days (all we have)+0.159%+$16 · spread now +0.049%, 7d avg +0.015%

Together, before fees+0.119%+$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.034% dearer against Gate than usual: you sell high and buy low (spread +0.049% now, against its 7-day average of +0.015%): +$3 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.040% in total) that is about 5.9 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.040% in total (about -2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.95 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	0.2036	0.1914	pay 0.0957% / 4h	3h 09m	$1.0M	$467K	25x
Short	KuCoin RAVEUSDTM	0.2037	0.1124	get 0.0562% / 4h	3h 09m	$2.2M	$8.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$165.9
Price spread: +0.049% → +0.015%: $3.39
Slippage, 4 orders: −$252.86
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$442.36
Costs to cover: 2.799%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; KuCoin: 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 Gate live order book, 3 min ago	9.80 bp	53.5 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	4.67 bp	121.6 bp −$122	949.3 bp −$9,493	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
Bitget RAVEUSDT	+0.0100%	4h	0.2048	+0.575%	$3.0M	$713K	20x	as long as short
Variational Omni RAVE	+0.0100%	4h	0.2040	+0.204%	$2K	$1K	—	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.2040	+0.216%	$1K	$706K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.2044	+0.368%	$45K	$37K	20x	as long as short
OKX RAVE-USDT-SWAP	+0.0591%	4h	0.2047	+0.540%	$1.6M	$3.0M	20x	as long as short
Bybit RAVEUSDT	+0.0660%	4h	0.2039	+0.162%	$2.4M	$888K	25x	as long as short
BingX RAVE-USDT	+0.0666%	4h	0.2043	+0.344%	—	$2.3M	—	as long as short
MEXC RAVE_USDT	+0.0714%	4h	0.2041	+0.246%	$2.4M	$559K	50x	as long as short
Binance RAVEUSDT	+0.0715%	4h	0.2043	+0.358%	$4.6M	$3.7M	20x	as long as short
BloFin RAVE-USDT	+0.0733%	4h	0.2042	+0.295%	$250K	$19K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster RAVEUSDT	+0.0985%	4h	0.2036	−0.022%	$25K	$42K	5x	as long as short
KuCoin RAVEUSDTMshort	+0.1124%	4h	0.2037	+0.049%	$2.2M	$8.0M	20x
Gate RAVE_USDTlong	+0.1914%	4h	0.2036	long leg	$1.0M	$467K	25x