Funding you earn now, next payment 04:00 UTC−0.0480%/8h= −52.5% APRnext payment −$2.40 per $10,000 · paid last 24h −0.160%
Price spread now: BloFin against KuCoin+0.128%7-day average +0.203% · you sell dearer than you buy
Net, funding: paid 7d − costs−$326as in the Funding arb table
Net, price: spread back to 7d avg − costs−$245as in the Price arb table
costs, in and out, $10k−$2382.376% of the position
Funding, last 7 days−0.880%−$88 on $10k
+Price spread, last 3 days (all we have)−0.020%−$2 · spread now +0.128%, 7d avg +0.203%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and BloFin is 0.074% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.203%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin RAVEUSDTM | 0.2023 | 0.1214 | pay 0.0607% / 4h | 3h 53m | $2.2M | $8.0M | 20x |
| Short | BloFin RAVE-USDT | 0.2026 | 0.0734 | get 0.0367% / 4h | 3h 53m | $248K | $18K | 20x |
KuCoin RAVEUSDTM
BloFin RAVE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$100.74
- Price spread: +0.128% → +0.203%
- −$7.43
- Slippage, 4 orders
- −$213.6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$345.77
- Costs to cover
- 2.376%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; BloFin: live order book, 13 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, 5 min ago | 6.22 bp | 76.8 bp −$77 | 5019.8 bp −$50.2K | doesn't fit | doesn't fit |
| Sell BloFin live order book, 13 min ago | 2.49 bp | 27.8 bp −$28 | 91.8 bp −$918 | 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 | 0.2037 | +0.652% | $3.0M | $678K | 20x | as long as short |
| Variational Omni RAVE | +0.0100% | 4h | 0.2014 | −0.478% | $2K | $1K | — | as long as short |
| SunX RAVE-USDT | +0.0100% | 4h | 0.2026 | +0.133% | $1K | $687K | 20x | as long as short |
| HTX RAVE-USDT | +0.0100% | 4h | 0.2029 | +0.301% | $45K | $39K | 20x | as long as short |
| Bybit RAVEUSDT | +0.0400% | 4h | 0.2024 | +0.030% | $2.4M | $914K | 25x | as long as short |
| OKX RAVE-USDT-SWAP | +0.0529% | 4h | 0.2029 | +0.277% | $1.6M | $3.0M | 20x | as long as short |
| BingX RAVE-USDT | +0.0660% | 4h | 0.2029 | +0.277% | — | $2.3M | — | as long as short |
| MEXC RAVE_USDT | +0.0704% | 4h | 0.2026 | +0.128% | $2.4M | $550K | 50x | as long as short |
| Binance RAVEUSDT | +0.0705% | 4h | 0.2027 | +0.178% | $4.6M | $3.7M | 20x | as long as short |
| BloFin RAVE-USDTshort | +0.0734% | 4h | 0.2026 | +0.128% | $248K | $18K | 20x |
Bitget RAVEUSDT
Variational Omni RAVE
SunX RAVE-USDT
HTX RAVE-USDT
Bybit RAVEUSDT
OKX RAVE-USDT-SWAP
BingX RAVE-USDT
MEXC RAVE_USDT
Binance RAVEUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster RAVEUSDT | +0.0896% | 4h | 0.2023 | −0.011% | $25K | $43K | 5x | as long as short |
| KuCoin RAVEUSDTMlong | +0.1214% | 4h | 0.2023 | long leg | $2.2M | $8.0M | 20x | |
| Gate RAVE_USDT | +0.1890% | 4h | 0.2023 | −0.020% | $1.0M | $450K | 25x | as long as short |
Aster RAVEUSDT
Gate RAVE_USDT