RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0318%/8h= +34.8% APRnext payment +$1.59 per $10,000 · paid last 24h +0.101%

Price spread now: OKX against MEXC+0.099%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$740.736% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.120%+$12 on $10k

Price spread, last 7 days−0.208%−$21 · spread now +0.099%, 7d avg +0.044%

Together, before fees−0.088%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and OKX is 0.055% dearer against MEXC than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.044%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.120% in total (about 6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.59 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	MEXC RAVE_USDT	0.2014	0.0524	pay 0.0262% / 4h	2h 50m	$2.4M	$478K	50x
Short	OKX RAVE-USDT-SWAP	0.2016	0.0842	get 0.0421% / 4h	2h 50m	$1.5M	$3.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.099%Rate

Funding earned: $66.69
Price spread: +0.099% → +0.044%: $5.54
Slippage, 4 orders: −$63.64
Fee MEXC: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$1.4
Costs to cover: 0.736%
Break-even: 7.1 days

Slippage from MEXC: live order book, 1 min ago; OKX: 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	2.48 bp	19.6 bp −$20	96.2 bp −$962	316.0 bp −$31.6K	doesn't fit
Sell OKX live order book, 1 min ago	2.48 bp	23.1 bp −$23	119.2 bp −$1,192	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 RAVEUSDT	+0.0100%	4h	0.2012	−0.099%	$2.4M	$948K	25x	as long as short
Bitget RAVEUSDT	+0.0100%	4h	0.2021	+0.353%	$2.9M	$871K	20x	as long as short
Variational Omni RAVE	+0.0100%	4h	0.2011	−0.142%	$2K	$1K	—	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.2014	0.000%	$1K	$808K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.2017	+0.139%	$44K	$34K	20x	as long as short
Binance RAVEUSDT	+0.0515%	4h	0.2016	+0.077%	$4.5M	$3.8M	20x	as long as short
BloFin RAVE-USDT	+0.0516%	4h	0.2020	+0.298%	$245K	$18K	20x	as long as short
MEXC RAVE_USDTlong	+0.0524%	4h	0.2014	long leg	$2.4M	$478K	50x
Gate RAVE_USDT	+0.0658%	4h	0.2012	−0.099%	$1.0M	$544K	25x	as long as short
BingX RAVE-USDT	+0.0806%	4h	0.2015	+0.050%	—	$2.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin RAVEUSDTM	+0.0810%	4h	0.2008	−0.298%	$2.2M	$8.1M	20x	as long as short
OKX RAVE-USDT-SWAPshort	+0.0842%	4h	0.2016	+0.099%	$1.5M	$3.0M	20x
Aster RAVEUSDT	+0.1100%	4h	0.2013	−0.029%	$24K	$45K	5x	as long as short