Funding you earn now, next payment 08:00 UTC+0.0496%/8h= +54.3% APRnext payment +$2.48 per $10,000 · paid last 24h −0.037%
Price spread now: OKX against Gate+0.449%7-day average +0.229% · you sell dearer than you buy
Net, funding: paid 7d − costs−$220as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1391.393% of the position
Funding, last 7 days−0.802%−$80 on $10k
+Price spread, last 7 days−0.314%−$31 · spread now +0.449%, 7d avg +0.229%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and OKX is 0.220% dearer against Gate than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.229%. Mind the row above: over the last 7 days funding on this pair cost −0.802%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate RAVE_USDT | 0.2003 | 0.0506 | pay 0.0253% / 4h | 3h 08m | $1.0M | $552K | 25x |
| Short | OKX RAVE-USDT-SWAP | 0.2012 | 0.1002 | get 0.0501% / 4h | 3h 08m | $1.5M | $3.0M | 20x |
Gate RAVE_USDT
OKX RAVE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $104.19
- Price spread: +0.449% → +0.229%
- $22.02
- Slippage, 4 orders
- −$114.34
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$13.13
- Costs to cover
- 1.393%
- Break-even
- 7.9 days
Slippage from Gate: 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 Gate live order book, 4 min ago | 7.45 bp | 42.3 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 4.95 bp | 30.6 bp −$31 | 123.4 bp −$1,234 | 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 | 0.2007 | +0.205% | $2.4M | $948K | 25x | as long as short |
| Bitget RAVEUSDT | +0.0100% | 4h | 0.2015 | +0.599% | $2.9M | $866K | 20x | as long as short |
| SunX RAVE-USDT | +0.0100% | 4h | 0.2011 | +0.409% | $1K | $803K | 20x | as long as short |
| HTX RAVE-USDT | +0.0100% | 4h | 0.2017 | +0.694% | $44K | $34K | 20x | as long as short |
| Variational Omni RAVE | +0.0124% | 4h | 0.2012 | +0.456% | $2K | $1K | — | as long as short |
| Gate RAVE_USDTlong | +0.0506% | 4h | 0.2003 | long leg | $1.0M | $552K | 25x | |
| MEXC RAVE_USDT | +0.0652% | 4h | 0.2009 | +0.300% | $2.4M | $522K | 50x | as long as short |
| Binance RAVEUSDT | +0.0653% | 4h | 0.2010 | +0.347% | $4.5M | $3.8M | 20x | as long as short |
| BloFin RAVE-USDT | +0.0685% | 4h | 0.2011 | +0.399% | $243K | $18K | 20x | as long as short |
| BingX RAVE-USDT | +0.0996% | 4h | 0.2011 | +0.399% | — | $2.3M | — | as long as short |
Bybit RAVEUSDT
Bitget RAVEUSDT
SunX RAVE-USDT
HTX RAVE-USDT
Variational Omni RAVE
MEXC RAVE_USDT
Binance RAVEUSDT
BloFin RAVE-USDT
BingX RAVE-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX RAVE-USDT-SWAPshort | +0.1002% | 4h | 0.2012 | +0.449% | $1.5M | $3.0M | 20x | |
| KuCoin RAVEUSDTM | +0.1070% | 4h | 0.2006 | +0.150% | $2.2M | $8.1M | 20x | as long as short |
| Aster RAVEUSDT | +0.1271% | 4h | 0.2009 | +0.313% | $24K | $44K | 5x | as long as short |
KuCoin RAVEUSDTM
Aster RAVEUSDT