RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0336%/8h= −36.8% APRnext payment −$1.68 per $10,000 · paid last 24h −0.035%

Price spread now: Bybit against MEXC−0.136%7-day average −0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1701.697% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.481%+$48 on $10k

Price spread, last 7 days+0.154%+$15 · spread now −0.136%, 7d avg −0.108%

Together, before fees+0.635%+$63 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Bybit is 0.027% cheaper against MEXC than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.108%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.481%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC RAVE_USDT	0.1991	0.0436	pay 0.0218% / 4h	1h 35m	$2.3M	$477K	50x
Short	Bybit RAVEUSDT	0.1988	0.0100	get 0.0050% / 4h	1h 35m	$2.4M	$963K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now −0.136%Rate

Funding earned: −$70.56
Price spread: −0.136% → −0.108%: −$2.72
Slippage, 4 orders: −$158.68
Fee MEXC: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$242.96
Costs to cover: 1.697%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bybit: live order book, 1 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 MEXC live order book, 1 min ago	2.51 bp	13.7 bp −$14	93.4 bp −$934	280.5 bp −$28.1K	doesn't fit
Sell Bybit live order book, 1 min ago	7.54 bp	48.5 bp −$48	221.8 bp −$2,218	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	0.1988	−0.136%	$2.4M	$963K	25x
Bitget RAVEUSDT	+0.0100%	4h	0.1997	+0.291%	$2.9M	$871K	20x	as long as short
Variational Omni RAVE	+0.0100%	4h	0.1988	−0.168%	$2K	$1K	—	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.1990	−0.055%	$1K	$838K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.1993	+0.075%	$43K	$37K	20x	as long as short
BloFin RAVE-USDT	+0.0424%	4h	0.1993	+0.100%	$242K	$18K	20x	as long as short
MEXC RAVE_USDTlong	+0.0436%	4h	0.1991	long leg	$2.3M	$477K	50x
Binance RAVEUSDT	+0.0447%	4h	0.1992	+0.042%	$4.5M	$3.9M	20x	as long as short
BingX RAVE-USDT	+0.0660%	4h	0.1992	+0.050%	—	$2.3M	—	as long as short
OKX RAVE-USDT-SWAP	+0.0712%	4h	0.1994	+0.151%	$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	+0.0900%	4h	0.1989	−0.116%	$2.1M	$8.2M	20x	as long as short
Gate RAVE_USDT	+0.0958%	4h	0.1988	−0.151%	$1.0M	$562K	25x	as long as short
Aster RAVEUSDT	+0.0972%	4h	0.1992	+0.068%	$22K	$46K	5x	as long as short