RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.05 per $10,000 · paid last 24h −0.108%

Price spread now: Binance against OKX−0.099%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1091.088% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 7 days+0.236%+$24 · spread now −0.099%, 7d avg −0.022%

Together, before fees+0.130%+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.077% cheaper against OKX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.022%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX RAVE-USDT-SWAP	0.2021	0.0461	pay 0.0230% / 4h	1h 09m	$1.6M	$2.9M	20x
Short	Binance RAVEUSDT	0.2019	0.0450	get 0.0225% / 4h	1h 09m	$4.5M	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.099%Rate

Funding earned: −$2.27
Price spread: −0.099% → −0.022%: −$7.69
Slippage, 4 orders: −$88.81
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$118.77
Costs to cover: 1.088%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Binance: live order book, 12 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 OKX live order book, 2 min ago	2.47 bp	26.5 bp −$26	127.6 bp −$1,276	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	2.47 bp	33.6 bp −$34	154.3 bp −$1,543	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	0.2018	−0.148%	$2.4M	$877K	25x	as long as short
Bitget RAVEUSDT	+0.0100%	4h	0.2022	+0.035%	$2.9M	$664K	20x	as long as short
Variational Omni RAVE	+0.0100%	4h	0.2019	−0.088%	$2K	$1K	—	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.2017	−0.183%	$1K	$667K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.2019	−0.124%	$44K	$42K	20x	as long as short
BingX RAVE-USDT	+0.0430%	4h	0.2021	0.000%	—	$2.3M	—	as long as short
MEXC RAVE_USDT	+0.0448%	4h	0.2018	−0.148%	$2.4M	$573K	50x	as long as short
Binance RAVEUSDTshort	+0.0450%	4h	0.2019	−0.099%	$4.5M	$3.7M	20x
OKX RAVE-USDT-SWAPlong	+0.0461%	4h	0.2021	long leg	$1.6M	$2.9M	20x
BloFin RAVE-USDT	+0.0490%	4h	0.2021	0.000%	$248K	$18K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster RAVEUSDT	+0.0663%	4h	0.2019	−0.097%	$25K	$43K	5x	as long as short
KuCoin RAVEUSDTM	+0.0750%	4h	0.2016	−0.262%	$2.2M	$7.8M	20x	as long as short
Gate RAVE_USDT	+0.1390%	4h	0.2016	−0.247%	$1.0M	$454K	25x	as long as short