RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0292%/8h= −32.0% APRnext payment −$1.46 per $10,000 · paid last 24h −0.107%

Price spread now: BloFin against OKX−0.348%63s7-day average −0.146% · 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—prices read too far apart to compare

costs, in and out, $10k−$1051.052% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.136%−$14 on $10k

Price spread, last 4 days (all we have)+0.188%+$19 · spread now −0.348%, 7d avg −0.146%

Together, before fees+0.052%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and BloFin is 0.201% cheaper against OKX than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.146%). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.136% in total (about -7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.46 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	OKX RAVE-USDT-SWAP	0.2013	0.0645	pay 0.0322% / 4h	2h 14m	$1.5M	$3.1M	20x
Short	BloFin RAVE-USDT	0.2006	0.0353	get 0.0176% / 4h	2h 14m	$242K	$18K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.348%Rate

Funding earned: −$61.33
Price spread: −0.348% → −0.146%: −$20.14
Slippage, 4 orders: −$83.18
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$186.65
Costs to cover: 1.052%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; BloFin: live order book, 67 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	2.49 bp	19.9 bp −$20	117.6 bp −$1,176	doesn't fit	doesn't fit
Sell BloFin live order book, 67 min ago	2.47 bp	18.4 bp −$18	95.5 bp −$955	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	0.2005	−0.383%	$2.4M	$948K	25x	as long as short
Bitget RAVEUSDT	+0.0100%	4h	0.2015	+0.104%	$2.9M	$885K	20x	as long as short
Variational Omni RAVE	+0.0100%	4h	0.2004	−0.464%	$2K	$1K	—	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.2010	−0.169%	$1K	$822K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.1996	−0.830%	$44K	$37K	20x	as long as short
BloFin RAVE-USDTshort	+0.0353%	4h	0.2006	−0.348%	$242K	$18K	20x
MEXC RAVE_USDT	+0.0380%	4h	0.2011	−0.099%	$2.4M	$493K	50x	as long as short
Binance RAVEUSDT	+0.0396%	4h	0.2011	−0.081%	$4.5M	$3.9M	20x	as long as short
BingX RAVE-USDT	+0.0584%	4h	0.2011	−0.099%	—	$2.3M	—	as long as short
OKX RAVE-USDT-SWAPlong	+0.0645%	4h	0.2013	long leg	$1.5M	$3.1M	20x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin RAVEUSDTM	+0.0676%	4h	0.2005	−0.412%	$2.2M	$8.2M	20x	as long as short
Gate RAVE_USDT	+0.0910%	4h	0.2005	−0.397%	$1.0M	$555K	25x	as long as short
Aster RAVEUSDT	+0.0938%	4h	0.2004	−0.462%	$24K	$45K	5x	as long as short