Funding you earn now, next payment 04:00 UTC−0.0510%/8h= −55.8% APRnext payment −$2.55 per $10,000 · paid last 24h −0.076%
Price spread now: BingX against KuCoin+0.409%7-day average +0.150% · you sell dearer than you buy
Net, funding: paid 7d − costs−$285as in the Funding arb table
Net, price: spread back to 7d avg − costs−$236as in the Price arb table
costs, in and out, $10k−$2612.614% of the position
Funding, last 7 days−0.238%−$24 on $10k
+Price spread, last 7 days−0.437%−$44 · spread now +0.409%, 7d avg +0.150%
=The price spread pays, funding is against you. BingX is 0.258% dearer against KuCoin than usual: you sell high and buy low (spread +0.409% now, against its 7-day average of +0.150%): +$26 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 41 hours. At the pace of the last 7 days (−0.238% in total) that is about 7.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.238% in total (about -12.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.55 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 | KuCoin RAVEUSDTM | 0.2031 | 0.1198 | pay 0.0599% / 4h | 3h 36m | $2.2M | $8.0M | 20x |
| Short | BingX RAVE-USDT | 0.2039 | 0.0688 | get 0.0344% / 4h | 3h 36m | — | $2.3M | — |
KuCoin RAVEUSDTM
BingX RAVE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against KuCoin. 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
- −$107.1
- Price spread: +0.409% → +0.150%
- $25.84
- Slippage, 4 orders
- −$239.37
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$342.63
- Costs to cover
- 2.614%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 1 min ago; BingX: live order book, 7 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 KuCoin live order book, 1 min ago | 6.44 bp | 77.3 bp −$77 | 5323.7 bp −$53.2K | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 7.43 bp | 29.1 bp −$29 | 100.4 bp −$1,004 | 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 | 0.2044 | +0.655% | $3.0M | $699K | 20x | as long as short |
| Variational Omni RAVE | +0.0100% | 4h | 0.2020 | −0.518% | $2K | $1K | — | as long as short |
| SunX RAVE-USDT | +0.0100% | 4h | 0.2027 | −0.182% | $1K | $697K | 20x | as long as short |
| HTX RAVE-USDT | +0.0100% | 4h | 0.2024 | −0.355% | $44K | $38K | 20x | as long as short |
| Bybit RAVEUSDT | +0.0365% | 4h | 0.2035 | +0.217% | $2.4M | $916K | 25x | as long as short |
| OKX RAVE-USDT-SWAP | +0.0551% | 4h | 0.2041 | +0.507% | $1.6M | $3.0M | 20x | as long as short |
| BingX RAVE-USDTshort | +0.0688% | 4h | 0.2039 | +0.409% | — | $2.3M | — | |
| MEXC RAVE_USDT | +0.0702% | 4h | 0.2038 | +0.359% | $2.4M | $552K | 50x | as long as short |
| Binance RAVEUSDT | +0.0703% | 4h | 0.2040 | +0.436% | $4.6M | $3.7M | 20x | as long as short |
| BloFin RAVE-USDT | +0.0757% | 4h | 0.2024 | −0.330% | $250K | $18K | 20x | as long as short |
Bitget RAVEUSDT
Variational Omni RAVE
SunX RAVE-USDT
HTX RAVE-USDT
Bybit RAVEUSDT
OKX RAVE-USDT-SWAP
MEXC RAVE_USDT
Binance RAVEUSDT
BloFin RAVE-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster RAVEUSDT | +0.0890% | 4h | 0.2033 | +0.097% | $25K | $42K | 5x | as long as short |
| KuCoin RAVEUSDTMlong | +0.1198% | 4h | 0.2031 | long leg | $2.2M | $8.0M | 20x | |
| Gate RAVE_USDT | +0.1886% | 4h | 0.2035 | +0.212% | $1.0M | $456K | 25x | as long as short |
Aster RAVEUSDT
Gate RAVE_USDT