RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0421%/8h= −46.0% APRnext payment −$2.10 per $10,000 · paid last 24h −0.125%

Price spread now: Bybit against OKX−0.306%7-day average −0.142% · you buy dearer than you sell

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$193as in the Price arb table

costs, in and out, $10k−$1761.764% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.380%+$38 on $10k

Price spread, last 7 days+0.424%+$42 · spread now −0.306%, 7d avg −0.142%

Together, before fees+0.804%+$80 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Bybit is 0.164% cheaper against OKX than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.142%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.380%, 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	0.2026	0.0521	pay 0.0260% / 4h	3h 39m	$1.6M	$3.0M	20x
Short	Bybit RAVEUSDT	0.2020	0.0100	get 0.0050% / 4h	3h 39m	$2.4M	$917K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.306%Rate

Funding earned: −$88.31
Price spread: −0.306% → −0.142%: −$16.43
Slippage, 4 orders: −$155.41
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$281.15
Costs to cover: 1.764%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Bybit: live order book, 3 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 −$27	126.5 bp −$1,265	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	2.47 bp	51.0 bp −$51	216.8 bp −$2,168	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 RAVEUSDTshort	+0.0100%	4h	0.2020	−0.306%	$2.4M	$917K	25x
Bitget RAVEUSDT	+0.0100%	4h	0.2027	+0.039%	$2.9M	$683K	20x	as long as short
Variational Omni RAVE	+0.0100%	4h	0.2020	−0.287%	$2K	$1K	—	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.2022	−0.197%	$1K	$697K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.2021	−0.222%	$44K	$38K	20x	as long as short
OKX RAVE-USDT-SWAPlong	+0.0521%	4h	0.2026	long leg	$1.6M	$3.0M	20x
BloFin RAVE-USDT	+0.0666%	4h	0.2024	−0.099%	$250K	$18K	20x	as long as short
BingX RAVE-USDT	+0.0690%	4h	0.2025	−0.049%	—	$2.3M	—	as long as short
MEXC RAVE_USDT	+0.0694%	4h	0.2022	−0.197%	$2.4M	$552K	50x	as long as short
Binance RAVEUSDT	+0.0696%	4h	0.2023	−0.148%	$4.5M	$3.7M	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	+0.0865%	4h	0.2018	−0.396%	$25K	$43K	5x	as long as short
KuCoin RAVEUSDTM	+0.1164%	4h	0.2016	−0.494%	$2.2M	$8.0M	20x	as long as short
Gate RAVE_USDT	+0.1326%	4h	0.2019	−0.346%	$1.0M	$455K	25x	as long as short