RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0570%/8h= −62.4% APRnext payment −$2.85 per $10,000 · paid last 24h −0.219%

Price spread now: Bybit against KuCoin+0.140%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$400as in the Funding arb table

Net, price: spread back to 7d avg − costs−$350as in the Price arb table

costs, in and out, $10k−$3613.613% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.390%−$39 on $10k

Price spread, last 7 days−0.105%−$10 · spread now +0.140%, 7d avg +0.029%

Together, before fees−0.494%−$49 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.111% dearer against KuCoin than usual: you sell high and buy low (spread +0.140% now, against its 7-day average of +0.029%): +$11 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.390% in total) that is about 48 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.390% in total (about -20.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.85 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	0.1995	0.0670	pay 0.0335% / 4h	2h 35m	$2.2M	$8.1M	20x
Short	Bybit RAVEUSDT	0.1998	0.0100	get 0.0050% / 4h	2h 35m	$2.4M	$952K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now +0.140%Rate

Funding earned: −$119.7
Price spread: +0.140% → +0.029%: $11.11
Slippage, 4 orders: −$338.27
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$469.86
Costs to cover: 3.613%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; Bybit: live order book, 6 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, 7 min ago	5.75 bp	103.5 bp −$104	5471.6 bp −$54.7K	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	5.00 bp	66.7 bp −$67	206.7 bp −$2,067	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 RAVEUSDTshort	+0.0100%	4h	0.1998	+0.140%	$2.4M	$952K	25x
Bitget RAVEUSDT	+0.0100%	4h	0.2011	+0.777%	$2.9M	$873K	20x	as long as short
Variational Omni RAVE	+0.0100%	4h	0.1997	+0.085%	$2K	$1K	—	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.1999	+0.226%	$2K	$812K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.2001	+0.276%	$44K	$37K	20x	as long as short
BloFin RAVE-USDT	+0.0401%	4h	0.1995	0.000%	$243K	$18K	20x	as long as short
Binance RAVEUSDT	+0.0413%	4h	0.2004	+0.441%	$4.5M	$3.8M	20x	as long as short
MEXC RAVE_USDT	+0.0418%	4h	0.2003	+0.401%	$2.4M	$482K	50x	as long as short
Gate RAVE_USDT	+0.0670%	4h	0.1998	+0.150%	$1.0M	$549K	25x	as long as short
KuCoin RAVEUSDTMlong	+0.0670%	4h	0.1995	long leg	$2.2M	$8.1M	20x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX RAVE-USDT	+0.0682%	4h	0.2003	+0.401%	—	$2.3M	—	as long as short
OKX RAVE-USDT-SWAP	+0.0701%	4h	0.2007	+0.602%	$1.5M	$3.0M	20x	as long as short
Aster RAVEUSDT	+0.0957%	4h	0.2000	+0.251%	$24K	$45K	5x	as long as short