Funding you earn now, next payment 00:00 UTC−0.0034%/8h= −3.7% APRnext payment −$0.17 per $10,000 · paid last 24h +0.011%
Price spread now: BingX against OKX−0.148%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1131.126% of the position
Funding, last 7 days+0.526%+$53 on $10k
+Price spread, last 7 days+0.249%+$25 · spread now −0.148%, 7d avg −0.017%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.132% cheaper against OKX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.017%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.526%, 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 | OKX RAVE-USDT-SWAP | 0.2023 | 0.0464 | pay 0.0232% / 4h | 1h 09m | $1.6M | $2.9M | 20x |
| Short | BingX RAVE-USDT | 0.2020 | 0.0430 | get 0.0215% / 4h | 1h 09m | — | $2.3M | — |
OKX RAVE-USDT-SWAP
BingX RAVE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against OKX. 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
- −$7.06
- Price spread: −0.148% → −0.017%
- −$13.18
- Slippage, 4 orders
- −$92.55
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$132.79
- Costs to cover
- 1.126%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; BingX: live order book, 4 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, 3 min ago | 2.47 bp | 26.5 bp −$26 | 127.6 bp −$1,276 | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 7.43 bp | 31.7 bp −$32 | 101.5 bp −$1,015 | 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 | −0.247% | $2.4M | $877K | 25x | as long as short |
| Bitget RAVEUSDT | +0.0100% | 4h | 0.2022 | −0.064% | $2.9M | $664K | 20x | as long as short |
| Variational Omni RAVE | +0.0100% | 4h | 0.2019 | −0.186% | $2K | $1K | — | as long as short |
| SunX RAVE-USDT | +0.0100% | 4h | 0.2017 | −0.282% | $1K | $667K | 20x | as long as short |
| HTX RAVE-USDT | +0.0100% | 4h | 0.2019 | −0.222% | $44K | $42K | 20x | as long as short |
| BingX RAVE-USDTshort | +0.0430% | 4h | 0.2020 | −0.148% | — | $2.3M | — | |
| MEXC RAVE_USDT | +0.0448% | 4h | 0.2019 | −0.198% | $2.4M | $573K | 50x | as long as short |
| Binance RAVEUSDT | +0.0453% | 4h | 0.2020 | −0.148% | $4.5M | $3.7M | 20x | as long as short |
| OKX RAVE-USDT-SWAPlong | +0.0464% | 4h | 0.2023 | long leg | $1.6M | $2.9M | 20x | |
| BloFin RAVE-USDT | +0.0490% | 4h | 0.2021 | −0.099% | $248K | $18K | 20x | as long as short |
Bybit RAVEUSDT
Bitget RAVEUSDT
Variational Omni RAVE
SunX RAVE-USDT
HTX RAVE-USDT
MEXC RAVE_USDT
Binance RAVEUSDT
BloFin RAVE-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster RAVEUSDT | +0.0663% | 4h | 0.2019 | −0.183% | $25K | $43K | 5x | as long as short |
| KuCoin RAVEUSDTM | +0.0750% | 4h | 0.2016 | −0.366% | $2.2M | $7.8M | 20x | as long as short |
| Gate RAVE_USDT | +0.1400% | 4h | 0.2017 | −0.297% | $1.0M | $454K | 25x | as long as short |
Aster RAVEUSDT
KuCoin RAVEUSDTM
Gate RAVE_USDT