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 +0.096%

Price spread now: Variational Omni against HTX−0.242%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.242% cheaper against HTX than usual: you would sell low and buy high, −$24 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX RAVE-USDT	0.2006	0.0100	pay 0.0050% / 4h	1h 42m	$44K	$37K	20x
Short	Variational Omni RAVE	0.2002	0.0100	get 0.0050% / 4h	1h 42m	$2K	$1K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against HTX. 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 HTXbpFee Variational OmnibpOrdersPrice spread, now −0.242%Rate

Funding earned: $0
Price spread: −0.242% → 0.000%: −$24.17
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$36.17
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; Variational Omni: no order-book sample. Net counts fees only.

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 HTX no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

HTX and Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.1999	−0.384%	$2.4M	$946K	25x	as long as short
Bitget RAVEUSDT	+0.0100%	4h	0.2009	+0.115%	$2.9M	$881K	20x	as long as short
Variational Omni RAVEshort	+0.0100%	4h	0.2002	−0.242%	$2K	$1K	—
SunX RAVE-USDT	+0.0100%	4h	0.2004	−0.145%	$1K	$826K	20x	as long as short
HTX RAVE-USDTlong	+0.0100%	4h	0.2006	long leg	$44K	$37K	20x
BloFin RAVE-USDT	+0.0377%	4h	0.2007	+0.025%	$244K	$18K	20x	as long as short
Binance RAVEUSDT	+0.0431%	4h	0.2003	−0.164%	$4.5M	$3.9M	20x	as long as short
MEXC RAVE_USDT	+0.0434%	4h	0.2003	−0.174%	$2.3M	$473K	50x	as long as short
BingX RAVE-USDT	+0.0638%	4h	0.2006	−0.025%	—	$2.3M	—	as long as short
OKX RAVE-USDT-SWAP	+0.0659%	4h	0.2006	−0.025%	$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	+0.0818%	4h	0.1998	−0.439%	$2.2M	$8.2M	20x	as long as short
Gate RAVE_USDT	+0.0900%	4h	0.2001	−0.274%	$1.0M	$555K	25x	as long as short
Aster RAVEUSDT	+0.0939%	4h	0.2003	−0.186%	$24K	$46K	5x	as long as short