RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0467%/8h= −51.1% APRnext payment −$2.33 per $10,000 · paid last 24h −0.241%

Price spread now: Bitget against OKX+0.090%7-day average +0.175% · you sell dearer than you buy

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1141.141% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.457%−$46 on $10k

Price spread, last 7 days+0.052%+$5 · spread now +0.090%, 7d avg +0.175%

Together, before fees−0.404%−$40 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Bitget is 0.084% cheaper against OKX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.175%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX RAVE-USDT-SWAP	0.1998	0.0567	pay 0.0283% / 4h	1m 54s	$1.6M	$3.1M	20x
Short	Bitget RAVEUSDT	0.2000	0.0100	get 0.0050% / 4h	1m 54s	$2.9M	$873K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.090%Rate

Funding earned: −$97.98
Price spread: +0.090% → +0.175%: −$8.45
Slippage, 4 orders: −$92.14
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$220.57
Costs to cover: 1.141%
Break-even: never at this rate

Slippage from OKX: live order book, just now; Bitget: 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 OKX live order book, just now	2.50 bp	23.4 bp −$23	120.8 bp −$1,208	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	7.24 bp	34.7 bp −$35	doesn't fit	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	0.1992	−0.300%	$2.4M	$923K	25x	as long as short
Bitget RAVEUSDTshort	+0.0100%	4h	0.2000	+0.090%	$2.9M	$873K	20x
Variational Omni RAVE	+0.0100%	4h	0.1991	−0.339%	$2K	$1K	—	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.1995	−0.130%	$1K	$844K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.1994	−0.175%	$43K	$36K	20x	as long as short
MEXC RAVE_USDT	+0.0346%	4h	0.1996	−0.100%	$2.3M	$482K	50x	as long as short
Binance RAVEUSDT	+0.0348%	4h	0.1997	−0.072%	$4.5M	$3.9M	20x	as long as short
BloFin RAVE-USDT	+0.0396%	4h	0.1997	−0.050%	$242K	$16K	20x	as long as short
BingX RAVE-USDT	+0.0522%	4h	0.1997	−0.050%	—	$2.3M	—	as long as short
OKX RAVE-USDT-SWAPlong	+0.0567%	4h	0.1998	long leg	$1.6M	$3.1M	20x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster RAVEUSDT	+0.0867%	4h	0.1994	−0.200%	$22K	$44K	5x	as long as short
KuCoin RAVEUSDTM	+0.0882%	4h	0.1991	−0.330%	$2.2M	$8.5M	20x	as long as short
Gate RAVE_USDT	+0.1138%	4h	0.1992	−0.300%	$1.0M	$567K	25x	as long as short